A global transition in how the economy is powered is under way, with a major push for clean, renewable energy and lower emissions.
Given their critical role in the global economy, energy and extractives companies are an important part of this shift, and many are also reinventing themselves with transformative business models that meet demand while improving sustainability.
The energy and extractives sectors have a powerful opportunity to contribute to sustainable development, integrating proper environmental, social, and governance (ESG) components into their operations.
We've helped complete more than 300 projects for energy and extractives companies, helping them tackle challenges at the intersection of people and the environment by developing sustainable business strategies that:
- Address climate change and the environment
- Respect human rights
- Advance equity and inclusion
- Ensure a just transition that supports the well-being of workers and communities who have been the backbone of our economy.
Featured
Insights
$26T
Up to US$26 trillion in economic opportunities could be created by the transition to a net-zero GHG emissions economy in the next ten years.
29%
The share of renewables in global electricity generation rose from 27 percent in 2019 to 29 percent in 2020, the biggest annual increase on record.
3.5B
About 3.5 billion people live in countries rich in oil, gas, or minerals.
How We Can Help
Adding Value to Your Business and Society
We bring a global perspective to help you create resilient strategies and address issues across the value chain, empowering you to meet sustainability challenges through offerings, including:
Materiality and sustainability strategy and implementation
Scenario planning
ESG reporting and frameworks
Human rights policy and assessments
Community and stakeholder engagement
Reporting and disclosure
Case Studies
Defining Ambition and a Pathway toward a Nature-Positive Future
BSR worked with Hafslund to 1) help provide a better understanding of the current nature landscape, including key regulations, initiatives, frameworks, and standards, and 2) define the company’s stated goal of, and pathway to, contributing to a nature-positive future.
Sustainability Insights
Reports
Stakeholder Engagement in the Transition Context: Guidance for Practitioners
When navigating the transition to a low-carbon economy, it is vital that businesses engage proactively with stakeholders. BSR’s Energy for a Just Transition highlights key considerations for conducting stakeholder engagement within the context of a just transition.
Collaboration
Collective Solutions for Meaningful Impact
Our cross-sector collaborative initiatives and partnerships ensure that no company is alone in addressing systemic sustainability challenges. Collaboration is a powerful enabler for companies seeking to transform their businesses, while making a meaningful impact.
Our Experts
Depth of Experience and Knowledge
Our team has extensive boardroom and field experience with energy and extractive companies.
Let’s talk about how BSR can help you to transform your business and achieve your sustainability goals.