Abstract
The paper titled “Assessing ESG Impact in the Oil & Gas Industry: A Multi-Criteria Approach” discusses the critical role of environmental, social, and governance (ESG) principles in the oil and gas sector, highlighting both challenges and opportunities. The document emphasizes the industry’s longstanding governance and social focus, with environmental concerns gaining prominence due to climate change pressures. ESG compliance is now essential for securing financial backing, with third-party ESG ratings influencing corporate reputations and capital allocation. The paper reviews international ESG frameworks, used for ESG disclosures in the oil and gas sector, with a special focus on Saudi Arabia’s evolving role as a major oil producer transitioning toward economic diversification. The research uses a multi-criteria analysis to prioritize risks and offers insights for industry and policy stakeholders alike.
