ISLAMABAD: A major step towards sustainability has been made by the Oil and Gas Development Company Limited (OGDCL) with the announcement of its Environmental, Social, and Governance (ESG) policy. On February 27, 2024, the Board of Directors of OGDCL released a detailed ESG policy statement in response to the increasing demand from stakeholders and investors for accountability and transparency in ESG factors.
The company’s dedication to social responsibility, environmental stewardship, and sound corporate governance is emphasized by the OGDCL ESG policy. OGDCL hopes to generate shared value for sustainable development by adhering to these values. The policy describes OGDCL’s strategy approach to social inclusion, environmental impact management, and maintaining good corporate governance standards.
In order to adopt more sustainable practices and develop into a responsible, flexible, and resilient business, OGDCL sees the ESG Policy as an essential first step. The company’s dedication to openness, honesty, and moral behavior is reflected in the OGDCL ESG policy, which is in line with global best practices.
