Challenge: Hess Corporation aims to be “the world’s most trusted energy partner,” and as such has a long track record of transparent sustainability reporting. Over the five years BuzzWord has been working with Hess, the challenge has been to keep up with evolving reporting frameworks and public expectations and help Hess refine their reporting as they’ve gone through major changes to their business model.
BuzzWord Solution: BuzzWord assists Hess with all aspects of its sustainability reporting, including reporting strategy, benchmarking, content development and final proofreading. We leverage our deep expertise in both the oil and gas industry and relevant reporting frameworks in order to help Hess stay abreast of key changes and trends in the reporting landscape. Hess’s report is published accordance with the GRI Standards Core option, while also taking into account guidance and indicators from Disclosing the Facts (an important industry-specific ESG investor scorecard), IPIECA (an industry association for environmental and social issues), the Task Force on Climate-Related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB), and the United Nations Sustainable Development Goals. Hess routinely scores well on Disclosing the Facts scorecard, ranking ninth out of the top 30 oil and gas companies in 2019.
Global Reporting Initiative Status:
- GRI Standards Core;
- use of non-GRI indicators (from SASB, TCFD, Disclosing the Facts, and IPIECA) where relevant
- Reporting strategy
- Content development
- Reporting frameworks, standards, and scorecards analysis