Companies in the oil and gas industry are under increasing pressure to communicate clearly and credibly about their ESG strategy and performance and, in particular, how they are addressing climate change. While demand for greater ESG disclosure initially focused primarily on publicly held companies, those expectations are increasingly extending to privately held ones.
In 2020, EagleClaw Midstream—a privately held midstream energy company in the Permian Basin, and the largest private midstream operator in the Delaware Basin—partnered with BuzzWord to develop the company’s first ESG report. BuzzWord worked with EagleClaw Midstream to identify the company’s most material ESG issues, understand the competitive landscape among peer reporters, and prioritize reporting frameworks it could effectively align with for its first report. We then developed a strong first report that responds to stakeholder information demands and positions EagleClaw Midstream as a leader among its peers.