Environmental, Social and Governance
EnQuest has a clear, Board-approved approach to corporate responsibility, focusing on five key areas: health and safety; environment; people; communities; and business conduct. Similarly, the Group has a well-established governance framework that complies with the UK corporate governance code.
An extensive review of the ESG landscape identified those factors which are relevant and applicable to EnQuest's purpose and business model, and ensured that our approach was clear, appropriate and easily understood by our stakeholders.
As an energy company, we recognise the need for a social licence to operate. As such, health and safety, climate change and emissions reductions are clear areas of focus for the Company. We also recognise the importance of a diverse and inclusive culture in driving Company performance.
As such, we have concluded that our core ESG areas of focus are: health and safety, including asset integrity; the pursuit of emission reduction opportunities in order to contribute positively towards the achievement of national emissions targets; looking after our people and positively impacting the communities in which we operate; and upholding our robust risk management framework while acting with the highest standards of integrity in all that we do.
The Board has approved the Company’s overall approach to ESG and specific developments and updates in each factor are brought to the Board’s attention when appropriate.