Neptune Energy among the best for ESG and credit ratings, according to research body

SourceEnergy Voice
SectorOil & Gas
CountryMiddle east

Neptune Energy has been ranked among the best exploration and production (E&P) firms for environment, social and governance (ESG) and credit ratings. In its latest ESG rating review from Sustainalytics, the North Sea operator received an improved score of 26.1, giving it a global ranking of 5th out of 169. The upgrade means Neptune is now in the top 3% of all exploration and production companies rated by the organisation. Since January 2020, the private-equity backed firm’s rating has improved two levels. It is now one of only three E&P companies rated ‘Medium Risk’. Neptune has also received credit rating upgrades from global agencies S&P and Fitch. Sustainalytics’ ESG Risk Rating measures the degree to which a company’s economic value is at risk driven by ESG factors. The Amsterdam-headquartered body’s analysis is used by global investors in the development and implementation of responsible investment strategies. In its ESG rating report, Sustainalytics said Neptune’s “overall ESG-related disclosure follows best practice, signalling strong accountability to investors and the public”. The more...