A global transition in how the economy is powered is under way, with a major push for clean, renewable energy and lower emissions.
Given their critical role in the global economy, energy and extractives companies are an important part of this shift, and many are also reinventing themselves with transformative business models that meet demand while improving sustainability.
The energy and extractives sectors have a powerful opportunity to contribute to sustainable development, integrating proper environmental, social, and governance (ESG) components into their operations.
We've helped complete more than 300 projects for energy and extractives companies, helping them tackle challenges at the intersection of people and the environment by developing sustainable business strategies that:
- Address climate change and the environment
- Respect human rights
- Advance equity and inclusion
- Ensure a just transition that supports the well-being of workers and communities who have been the backbone of our economy.
Up to US$26 trillion in economic opportunities could be created by the transition to a net-zero GHG emissions economy in the next ten years.
The share of renewables in global electricity generation rose from 27 percent in 2019 to 29 percent in 2020, the biggest annual increase on record.
About 3.5 billion people live in countries rich in oil, gas, or minerals.
How We Can Help
Adding Value to Your Business and Society
We bring a global perspective to help you create resilient strategies and address issues across the value chain, empowering you to meet sustainability challenges through offerings, including:
Materiality and sustainability strategy and implementation
ESG reporting and frameworks
Human rights policy and assessments
Community and stakeholder engagement
Reporting and disclosure
Who We Work With
Freeport McMoRan Inc.
Conducting a Climate Risk Assessment through Scenario Analysis
BSR worked with Mercer International Inc., a global producer of market pulp and solid wood products, to conduct a climate scenario analysis.
AI is driving change within the extractives sector, potentially leading to major human rights impacts throughout company operations, from geologic risk analysis to workplace management.
This report identifies human rights issues associated with increased use of AI in extractives companies and provides recommendations on addressing these impacts.
Collective Solutions for Meaningful Impact
Our cross-sector collaborative initiatives and partnerships ensure that no company is alone in addressing systemic sustainability challenges. Collaboration is a powerful enabler for companies seeking to transform their businesses, while making a meaningful impact.
Depth of Experience and Knowledge
Our team has extensive boardroom and field experience with energy and extractive companies.