Assessing ESG Impact in the Oil and Gas Industry: A Multi-Criteria Approach

  • Program Oil & Gas (upstream & downstream) Oil & Gas (upstream & downstream)
  • Type Discussion paper
  • Date 24 February 2025
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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.

Authors

Claudia Belahmidi

Claudia Belahmidi

Senior Fellow- Oil & Gas Claudia Belahmidi is a Senior Fellow in the Oil and Gas program, with a focus on the impact of ESG…

Claudia Belahmidi is a Senior Fellow in the Oil and Gas program, with a focus on the impact of ESG topics and Climate Finance on the hydrocarbon industry. Claudia has more than 13 years of research and industry experience analyzing energy markets, policies, and companies. Before joining KAPSARC, Claudia worked at S&P Global as an Equity and Strategy Analyst in the Commodity Insights Team, providing flagship and bespoke insights and analysis on a number of integrated oil companies as well as European independent producers. Previously, Claudia spent three years as an energy research analyst (Northern Europe and North America) with IHS. She holds a B.A. in Political Science and an M.A. in International Affairs from the Fletcher School, Tufts University.

Expertise

  • Oil & Gas ESG
  • Capital Costs
  • Sustainable Finance

Publications See all Claudia Belahmidi’s publications

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