The Oil & Gas Methane Partnership 2.0 (OGMP 2.0) is the United Nations Environment Programme’s flagship oil and gas reporting and mitigation programme. OGMP 2.0 is the only comprehensive, measurement-based reporting framework for the oil and gas industry that improves the accuracy and transparency of methane emissions reporting.

A hydrogen fuel cell is a device that converts hydrogen into electricity through a chemical reaction, with water and heat as the only byproducts. It is a clean energy technology that can power vehicles, buildings, and even portable devices without emitting harmful pollutants or greenhouse gases.

Many companies no longer utter these three letters: E-S-G. Following years of simmering investor backlash, political pressure and legal threats over environmental, social and governance efforts, a number of business leaders are now making a conscious effort to avoid the once widely used acronym for such initiatives.

The CHIPS and Science Act, also known simply as the CHIPS Act, is a U.S. federal law signed by President Joe Biden on August 9, 2022. The primary goal of the CHIPS Act is to bolster domestic semiconductor manufacturing, enhance supply chain resilience, and promote technological research and innovation in the United States.

See how the Inflation Reduction Act propels emissions reduction and clean energy investments across the U.S.

Governance impact in the context of double materiality focuses on how a company’s governance structures influence both its financial performance and its broader societal impact. This approach requires organizations to evaluate both how governance practices affect their bottom line and how they impact stakeholders such as employees, shareholders, and the community.

Social impact in the context of double materiality refers to how a company’s operations affect people and communities. This includes direct and indirect consequences of business activities on employees, consumers, local communities, and society at large.

Hypothetical beverage company called "FreshDrink Co." Financial materiality (impact on the company): Climate change is causing water scarcity in regions where FreshDrink Co. sources its water. This scarcity could lead to increased water costs and potential supply disruptions, directly affecting the company's financial performance and long-term viability. Environmental and social materiality (impact of the company): FreshDrink Co.'s water usage in water-stressed areas may deplete local water resources, affecting the surrounding ecosystems and communities' access to clean water.