Sustainable Application of ESG in the Energy Sector

Energy sector environment has always been vibrant. This study aimed to design a sustainable framework for the implementation of the ESG factors and improve value creation in the energy sector. Concerns exist surrounding the energy sector regarding sustainability and its impact on the environment; hence, the energy industry is expecting to face difficulties in operations. With the increased energy demand comes a need for the generation of more energy, particularly renewable or ‘green’ energy. To cater to the needs of the energy sector, this study was performed to provide guidelines and insight for ESG implementation. It aimed to design a framework for energy companies to implement ESG successfully, thus helping to create value for the energy companies, their investors and capital providers, such as banks, financing institutions and other key stakeholders. This article aimed to help create value in the energy sector by reviewing aspects of the implementation of ESG.