‘We measure ourselves against intn’l standards’: NGC becomes T&T’s first GRI Community member

EPL Infrafred Sauna

The National Gas Company (NGC) has laid claim to being Trinidad and Tobago’s first business to be registered as a member of the Global Reporting Initiative (GRI) Community. GRI is the global standard-bearer for impact reporting and its network comprises over 500 private and public organisations from more than 70 countries globally.

GRI was founded in Boston, USA in 1997 by non-profit organisations Ceres and Tellus Institute (with the involvement of the UN Environment Programme), following public outcry over the environmental damage caused by the Exxon Valdez oil spill in Alaska.

Image: The Global Reporting Initiative (GRI) tries to raise the level of sustainability reporting across the globe.

The final death toll of the Exon Valdez spill included 250,000 seabirds, almost 3,000 sea otters, 300 harbour seals, 250 bald eagles, 22 killer whales and billions of salmon eggs.

The aim of the GRI was to create an accountability mechanism to ensure companies adhere to responsible environmental conduct principles, which was then broadened to include social, economic and governance issues.

The GRI Community provides its members with the tools to improve its quality of sustainability reporting as well as networking opportunities with like-minded corporate citizens, who place a high priority on excellence in sustainability.

NGC president Mark Loquan said, via media release, that NGC’s GRI membership signals its ‘dedication to the Green Agenda and sustainability’ as well as its new identity as ‘a change agent for economic, social, governance and environmental sustainability within the energy sector and, by extension, the wider Trinidad and Tobago’.

Photo: NGC president Mark Loquan.

“NGC continues to progress and strengthen the rigour of its sustainability reporting and the GRI membership signals our commitment to continually improve corporate transparency and disclosure,” said Loquan. “We plan to leverage the insights and best practice from experts and practitioners within the network to improve on the quality of NGC’s 2021 Sustainability Report which will be released in the second quarter of 2022. 

“[…] As an energy company, we recognise that sustainability is critical to the collective success of NGC, the energy sector and the nation. NGC is eager and well-situated to accept a pioneering role by demonstrating corporate accountability and will continue to imbed sustainability practices in its overall corporate strategy.”

NGC also boasts of being the only state-owned company that produces an annual sustainability report. Loquan suggested that its GRI membership further indicates ‘the company’s willingness to measure itself and perform against international standards’.

GRI Community members represent a range of industrial sectors, including agriculture, automotive, chemicals, communications, commercial services, construction, education, energy, finance, food, healthcare, leisure, manufacturing, mining, non-profit, technology, tourism, transport, real estate, retail and waste management.

Image: GRI aims to ensure that members adhere to responsible environmental conduct principles.
More from Wired868
Daly Bread: Contrasts of moonlight and misery; the trouble with Manzanilla-Mayaro

In November 2022, part of the Manzanilla-Mayaro road—the once scenic route along the east coast “through the coconuts”—collapsed.  Part of Read more

Demming: What I learned from PMs Rowley and Mottley on our environmental challenges

Joy is often stolen by comparison. Trinbagonians continue to rob ourselves of potential joy because of the continued comparison of our Read more

Dr Rowley: ‘T&T recognise our responsibility in transitioning, over reasonable and manageable time, to net zero…’

“[…] Even as a small country with limited resources, we will make every effort to report to the required standard, Read more

Camille: Gov’t committed to the environment; Kamla should leave climate out of petty politics

“[…] Prime Minister Dr Keith Rowley, in his address which aired on local news channels in Trinidad and Tobago and Read more

Salaam: Climate change is as real as Covid-19, T&T must get ready

When newly-minted US president Joe Biden officially signed an executive order to rejoin the Paris Climate Accord, known as the Read more

With hurricane season set to follow pandemic, Caricom must find voice on climate change 

The Caribbean Community Market (Caricom), established in 1973, is the oldest surviving integration movement in the developing world and its Read more

About Editor

Check Also

Vaneisa: Hard not to be cynical about Caricom

Even when you have always believed that a unified Caribbean is the ideal state for …

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.