Transparency is key to building trust and accountability in the energy industry – Apetorgbor

Elikplim Kwabla Apetorgbor, has said transparent governance practices are fundamental to building trust and accountability within the energy industry.

Establishing robust corporate governance structures and adhering to ethical business conduct enhances investor confidence and reduces the risk of corruption, he said.

Moreover, he added, implementing mechanisms for stakeholder engagement and dialogue fosters transparency and ensures that the needs and concerns of all stakeholders are addressed.

Dr Apetorgbor said these in a statement titled ‘Implementing the ESG Framework in Ghana’s Energy Sector for Sustainability.”

Below is his full statement…

Implementing the ESG Framework in Ghana’s Energy Sector for Sustainability

As Ghana strives for sustainable development in its energy sector, the adoption of Environmental, Social, and Governance (ESG) principles becomes increasingly imperative.

With the world’s focus shifting towards responsible business practices, integrating the ESG framework is not just a choice but a necessity for the energy industry.

Incorporating ESG (Environmental, Social, and Governance) principles into the energy sector is crucial for sustainable development.

The preference of combined cycle power plants, as operated by the Independent Power Generators, Ghana support environmental sustainability, reduces carbon footprint, and contributes to Ghana’s commitment to cleaner energy generation.

Additionally, implementing energy efficiency measures and minimizing waste generation are crucial steps towards environmental stewardship.

Social Responsibility:

The energy sector plays a significant role in the socio-economic development of Ghana.

Moreover, implementing mechanisms for stakeholder engagement and dialogue fosters transparency and ensures that the needs and concerns of all stakeholders are addressed.

Challenges and Opportunities:

Despite the benefits of adopting the ESG framework, Ghana’s energy sector may encounter challenges in its implementation.

By leveraging public-private partnerships and harnessing the expertise of Independent Power Generators, Ghana, Ghana can accelerate its transition towards a more sustainable energy future.

Integrating the ESG framework into Ghana’s energy sector is essential for fostering long-term sustainability and resilience.

By prioritizing environmental stewardship, social responsibility, and transparent governance practices, the energy industry can contribute to Ghana’s socio-economic development, while safeguarding the planet for future generations.