Executive general manager of stakeholder engagement at Oil Search, Gerea Aopi, said this when addressing participants of the Climate Change and Sustainable Development Workshop.
Aopi said from previous experience, when collaborating with the Government, there was usually no consistency amongst various agencies regarding policy and implementation.
He said to address a critical issue such as climate change, all government agencies and key stakeholders needed consistent alignment and direction to effectively address the issue.
Aopi also presented to the participants the various programs and projects the Oil Search Foundation carried out around the country and said some of those projects could be utilised to address climate change affected areas.
He added companies such as Oil Search had years of data as well as up-to-date information on the weather and geography, which could be vital information for climate change agencies to use, as well technology.
Aopi said Oil Search supported efforts towards the following:
- Implementation of an effective global climate agreement;
- Establishment and implementation of a clear, stable policy framework that supports a global warming trajectory of 2 degree Celsius;
- Supporting market mechanisms and other measures that improve certainty;
- Working to develop a clearer understanding of both the transnational and physical risks of climate change on our business, and as such are undertaking climate scenario analysis on the business;
- Achieving a 50 percent reduction in greenhouse gas emissions intensity since 2009;
- Intent to disclose climate governance, risk management and strategy response in accordance with the recently released Financial Stability Boards recommendations on climate-related financial disclosures.