National Ocean Industries Association (NOIA) President Erik G. Milito issued the following statement after the NOIA Board of Directors approved the establishment of the NOIA Environmental, Social & Governance (ESG) Principles and Program:
“By representing the entire ecosystem of the offshore energy industry, NOIA is in a unique position to lead on ESG issues. NOIA’s ESG Committee establishes a programmatic effort through the NOIA ESG Network to share, develop and promote best practices across the industry. From top to bottom, NOIA members embrace ESG principles as dedicated stewards of the environment and of local communities, and the NOIA ESG Network will serve to unify and align their efforts. Through innovation, best practices and deployment of advanced technologies, our industry can help solve the pressing environmental and climate challenges facing our communities.”
NOIA Environmental, Social & Governance Founding Principles
Following are the foundational NOIA ESG principles:
Click here to see the full list of NOIA ESG principles.
Martin Stauble, Vice President Exploration for North America and Brazil of Shell serves as the NOIA ESG Committee chair and Paul Howes, President & CEO of Newpark Resources, serves as the vice chair. The offshore energy industry performs at a high level on environmental, social and governance issues and NOIA looks forward to working with policymakers, stakeholders and the public to elevate corporate citizenship performance.