The NOIA ESG Network – Update

April 29, 2022
The National Ocean Industries Association (NOIA) has released the NOIA ESG Network 2022 Report.

The NOIA ESG Network – Update

The National Ocean Industries Association (NOIA) has released the NOIA ESG Network 2022 Report. The report highlights the work done by the NOIA Environmental, Social & Governance (ESG) Network and NOIA members to share and develop the best ESG practices across the offshore industry.

NOIA President Erik Milito said: “2021 was an important year for NOIA and our ESG program. We came together as an industry, with the full support of our membership, and developed a proactive climate change policy document that builds upon our ESG principles. We focused on emissions reduction as a priority and brought leading experts to the table to share research and best practices for continuous improvement. We developed a policy paper that can help further the widespread deployment of carbon capture and storage technologies.”

Milito added: “The offshore industry is an essential component of an energy system that serves to lift society, supporting the development and availability of all forms of abundant, reliable, and affordable domestic energy supplies for Americans, while continuously driving down emissions. NOIA members make the world better and we are grateful that they have embraced the NOIA ESG Network to help them learn, collaborate, align, and improve in their stewardship, governance and performance.”

Some key points from the NOIA ESG Network 2022 Report are below:

* The NOIA Board of Directors approved the NOIA Climate Change Position & Principles. The foundation of the NOIA Climate Change Position & Principles reflects the long-standing commitment of offshore energy to incorporate policies that support our shared environment and of the critical role the offshore energy industry plays as an essential part of the climate solution.

* NOIA established a Carbon Capture, Use, and Storage (CCUS) Workgroup to align NOIA membership and activities in deployment of CCUS in the US Gulf of Mexico. The Workgroup published its first CCUS policy paper in January 2022.

* The NOIA ESG Network held several in-person and virtual events including: Offshore Emissions Reductions; Building the Low Carbon Future; California & Gulf of Mexico: Wind at Their Backs; a Carbon Capture & Storage Executive Panel; and policy discussions with ClearPath and former Congressman Ryan Costello, among others.

* The report features ESG highlights from NOIA member companies: Aker Offshore Wind; DistributionNOW; and Danos.

[get “About the NOIA ESG Network” from our 2021 NOIA report, page 13] 

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