In February 2020, Énergir, the largest gas distributor in Québec, announced an agreement with Seven Generations Energy Ltd. (7G) as part of Énergir’s Initiative for Responsible Procurement of Natural Gas (the Initiative). The transaction is the first to be governed by the Equitable Origin EO100TM Standard for Responsible Energy Development (EO100TM) and include the disclosure of key indicators. The key indicators align with existing environmental, social, and governance (ESG) performance indicator frameworks, such as the Natural Gas Supply Collaborative (NGSC) Environmental and Social Performance Indicators. Énergir’s announcement demonstrates the increasing role supplier ESG performance and disclosure is playing in natural gas purchaser decisions.
Énergir’s launch of the Initiative reflects its successful coordination of a broad stakeholder process which engaged communities, non-governmental organizations, natural gas producers, and regulators to demonstrate how natural gas can be produced and procured more transparently, with a goal of minimizing environmental and social impacts. Through this process, Énergir recognized and employed industry best practices and advanced ESG performance in the natural gas value chain.