Friday, September 29, 2023

Hess ranks high on two Dow Jones Sustainability Indices

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US oil producer, Hess Corporation, has announced that it has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the 13th consecutive year. This is the first time that Hess has been included in the Dow Jones Sustainability World Index (DJSI World), which comprises global sustainability leaders identified by S&P Global through its Corporate Sustainability Assessment.

Hess noted that only the most sustainable companies are considered each year for DJSI membership. This year, the American independent energy firm is the only North American oil company listed on DJSI World and one of only three North American oil and gas companies included in DJSI North America.

In addition, Newsweek based in New York published its fourth annual ranking of America’s Most Responsible Companies and once again included Hess. Of the 500 companies on the 2023 list, Hess is the highest-ranked oil and gas producer. The ranking is based on an analysis of 2,000 public companies with US headquarters by a research firm using an independent survey and publicly available environmental, social, and corporate governance (ESG) performance indicators.

“We are honoured to be recognised for delivering industry-leading ESG performance and disclosure,” said Alex Sagebien, Hess’ Vice President, Environment, Health, and Safety.

Sagebien said Hess will continue to be guided by its longstanding commitment to sustainability as it helps to meet the world’s growing need for affordable, reliable, and cleaner energy.

Hess’ sustainability efforts are also extended to Guyana where it holds a 30% interest in the Stabroek Block. On December 2, 2022, Hess and the Government of Guyana inked an agreement for the purchase the nation’s high-quality carbon credits for a minimum of US$750 million between 2022 and 2032.

This agreement will serve to support Guyana’s efforts to protect the country’s vast forests and provide capital for sustainability projects under the government’s Low Carbon Development Strategy (LCDS) 2030.

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