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ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has taken a significant stride towards sustainability by announcing its Environmental, Social, and Governance (ESG) policy.

In response to the growing demand from investors and stakeholders for transparency and accountability in ESG factors, the OGDCL’s Board of Directors released its comprehensive ESG policy statement on February 27, 2024.

The OGDCL ESG policy underscores the company’s commitment to environmental stewardship, social responsibility, and effective corporate governance practices.

OGDCL, ISGS agree to collaborate for development of SUGS project

By embracing these principles, the OGDCL aims to create shared value for sustainable development. The policy outlines OGDCL’s strategic approach to managing environmental impacts, fostering social inclusivity, and upholding high standards of corporate governance.

The OGDCL view the ESG Policy as a crucial first step in embracing more sustainability practices and becoming a responsible, adaptable, and resilient organization. The OGDCL ESG policy is aligned with international best practices and reflects the company’s commitment to transparency, integrity, and ethical conduct.

Copyright Business Recorder, 2024

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