North American Oil & Gas Pipelines

NOV-DEC 2018

North American Oil & Gas Pipelines covers the news shaping the business of oil and gas pipeline construction and maintenance in North America, including pipeline installation methods, integrity management innovations and managerial strategies.

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Page 28 of 71 NOVEMBER/DECEMBER 2 018 | North American Oil & Gas Pipelines 29 Portfolio However, with pipeline develop- ment comes the environmental and social due diligence that is well- known and expected of the oil and gas industry. While industry has long focused on remaining good stewards, pipeline companies are increasingly under pressure to adopt and imple- ment standards that focus on docu- menting and mitigating environ- mental challenges. Enter the concept of Environmental Social Governance (ESG), an investment and operation- al strategy that has permeated the market due to its ability to manage risk while also achieving business and market outperformance. ESG and midstream markets are colliding. ESG analysis is gaining prominence with investors who now expect pipeline companies to better evaluate and disclose how their business and investment plans address these risks and opportunities. What Is ESG? With the marketplace experienc- ing a major paradigm shift in the categorization of business strategy and risk management, the concept of ESG has emerged as a significant ele- ment in developing a more complete picture of how companies can man- age risk and create shareholder value. Social and environmental factors were traditionally considered exog-

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