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2021 AICPA & CIMA | PDI Oil & Gas Conference

OIL2114 - A Social License to Operate: Why DEI and ESG are Industry Imperatives


Nov 10, 2021 9:05am ‐ Nov 10, 2021 10:20am


Standard: $49.00

Description

In recent years, the concept of the “social license to operate” has gained increasing traction. This is usually defined as the level of acceptance of a project among communities, stakeholders, and the public. The costs of public and stakeholder opposition can be considerable, and projects will not be profitable or sustainable over the long term without this social license. The term has also been used more broadly to determine the level of public and stakeholder trust that a company possesses overall—and once lost, that trust can be extremely difficult to regain.

In this session learn more about the social license to operate and why DEI and ESG are industry imperatives and important to demonstrate to investors, employees, and society.   

Learning Objectives:
  • Recall the 3 elements of a social license to operate: legitimacy, credibility and trust
  • Recognize why ESG and specifically an inclusive culture is imperative for the energy industry
  • Determine how the "S" really plays a role in the license to operate -
  • Identify ways companies can and should demonstrate social proof of all they do in the ESG and DEI space

Speaker(s):

  • Katie Mehnert, Chief Executive Officer and Founder, Ally Energy & Ambassador to the Dept. of Energy
Category: Concurrent Session (Onsite and Online)

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