Insights
Enhanced datasets shed light on oil and gas salaries, ESG bonuses and board make-up
Deeper insights into oil and gas executive salaries, ESG-related performance bonuses, and board representation based on Indigenous background and gender, are now available.
Evaluate Energy’s ESG database contains detailed corporate governance metrics for Canadian exploration and production companies from 2018 onwards.
ESG analyst Ayesha Shingruf said this reflects increasing demand from industry stakeholders, analysts, investors, and the general public.
“We are living in a rapidly changing environment with mounting pressure and expectations on industries such as oil and gas, and the need to adopt ESG practices and enhance sustainability efforts,” she said. “Given these expectations, companies must be rigorous in how they report their compensation and how they address gender pay gaps.”
The easy-to-navigate ESG database is based on press releases, information circulars, sustainability reports and annual filings of more than 300 North American oil and gas publicly traded companies.
Source: Evaluate Energy
New insights, better decisions
- Canadian executive compensation: Detailed components of an individual’s compensation.
- ESG-linked performance bonus: Cases where executives have a portion of their performance bonus linked to ESG metrics.
- Board diversity: Company-level breakdown of the board of directors by gender and age group.
- Indigenous workforce: Company-level breakdown of employees from Indigenous backgrounds.
Shingruf said Evaluate Energy users can benchmark the performance of energy companies based on these metrics – for example, by measuring change in female board representation.
“We do see an upward trend in the number of women on boards, which says a lot about how the industry is responding to diversity initiatives. This data also helps identify the areas of improvement in the gender pay gap at board level as well.”
Shingruf said this dataset is available alongside full financial and operating metrics.
“It can be used by executive teams to easily benchmark their practices by comparing and analyzing with industry peers and it can also be used by stakeholders to understand issues like diversity and gender representation. Researchers, investors, and policymakers can spot trends within these companies and see how they are performing across these various sets of factors, and that can eventually help them make informed recommendations for the oil and gas industry.”