The Chief Financial Officer, Seplat Energy, Mrs. Eleanor Adaralegbe, said this during a panel session at the Africa Oil Week (AOW) Conference & Exhibitions in Cape Town, South Africa.
“Clearly, ESG standards and regulatory frameworks in African countries significantly shape oil and gas investments.
According to her, investors assess potential projects by screening them against ESG benchmarks; of which projects that fail to meet minimum ESG standards are often excluded.
She said: “Comprehensive due diligence is conducted to identify ESG risks, including environmental impact, community relations, and governance practices.
In this regard, Seplat Energy is ahead, proactively setting up to ensure readiness very much aligned with Strategy.
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