Energean: Best ESG Energy Growth Strategy Europe 2022
Since its launch in 2007, Energean has been driving the energy transition in the Mediterranean. The company runs exploration, development and production projects across the region: Egypt, Italy, Greece, Croatia, Montenegro, and Israel.
Energean believes natural gas is the foundation of and catalyst for a more sustainable energy system, replacing more pollutive fuels like oil and coal with a cleaner, affordable and secure energy source. The company seeks to create value under its ESG framework, based on the UN SDG goals. Energean makes ambitious climate commitments — and follows through on them. It was the first exploration and production company to announce a 2050 net-zero target and has already made measurable progress towards that goal – it has achieved a 74% reduction in scope 1 & 2 emissions since 2019.
It recycles 95 percent of withdrawn water, spearheads beach cleaning initiatives and supports biodiversity programmes. Executive pay is linked to ESG performance. Energean shares are listed on the stock exchanges of London and Tel Aviv as well as the FTSE 250 Index. Energean production sites are ISO certified, and its Carbon Disclosure Project ratings were recently upgraded. The CFI.co judging panel congratulates Energean — a repeat programme winner — on claiming the 2022 award for Best ESG Energy Growth Strategy (Europe).
