ESG Reporting Using QOGI Technology
ESG reports have become more frequently requested by investors, lenders, and customers. Find out why and how QOGI produces better reports.
What is ESG reporting, and why is it important?
An ESG report represents your company’s environmental, social, and governance impact on the community. Investors and lenders use the information to manage their financial risk. Customers and community members use this information to gauge your stewardship of their environment. With this in mind, Altamira can develop a policy and build your reporting program to meet long-term objectives.
Do companies of all sizes need ESG reporting?
Yes, even companies with a small footprint benefit from reporting. Companies that are transparent regarding their impacts get viewed as more reliable and trustworthy. In fact, investors and customers prefer working with companies that are reporting because of these reasons.
Where do you start?
Initially, with what you have! For many companies, this is with their greenhouse gas (GHG) emissions, a key aspect of ESG reporting. For example, flaring of produced gas, active drilling/completion schedule, and large numbers of engines in the field all contribute to GHG emissions. Accurate emissions levels are more important to your organization than ever. In fact, the best way to achieve specific emission levels is by using Quantified Optical Gas Imaging (QOGI).
How does QOGI help with ESG reporting?
To clarify, traditional OGI only finds leaks that are invisible to the naked eye. However, QOGI assigns a specific leak rate at that location for an accurate emission rate. With QOGI data, you can develop site-specific and equipment-specific emission rates instead of default leak rates for calculations. Financial losses/gains are reported more accurately with quantified rates of leaks (loss of product) documented. In summary, QOGI gives a comprehensive ESG report with greater accuracy for tracking future progress towards objectives.