The National Gas Company of Trinidad and Tobago Limited (NGC) has once again signaled its commitment to transparency and alignment with global best practice, with the publication of its 5th annual Sustainability Report, covering the year 2021.
Sustainability reporting is a mechanism which allows companies to voluntarily disclose details of the economic, social, governance and environmental impacts of their business, guided by an international reporting standard. More specifically, through this reporting framework, companies can track and communicate how their business affects or supports achievement of the United Nations Sustainable Development Goals (SDGs).
To further strengthen its sustainability reports and reporting capacity, in early 2022, NGC became the first company from Trinidad and Tobago to be registered as a member of the Global Reporting Initiative (GRI) Community. The GRI Community provides members with access to learning and knowledge-sharing opportunities that help improve the quality of reporting.
Included in NGC’s 2021 report are statistics around the company’s direct and indirect economic impact; updates on contract renewals and other work along the energy value chain; metrics around the company’s safety performance, workforce and employee development; milestones achieved in the areas of governance and compliance; and contributions made through its Corporate Social Responsibility (CSR) portfolio. NGC also reports comprehensively on its internal targets and activities that support climate action, the energy transition and national emissions reduction efforts.
NGC President Mark Loquan commented on the launch of this publication: “As a flagship state company, NGC continues to break new ground and raise the bar of public sector performance. We are proud to uphold this new standard of accountability and have already begun to widen the ambit of our reporting. We commit to full transparency as we apprise our stakeholders of the impact of our business, and the efforts we are making to support sustainable development in Trinidad and Tobago and across the region.”
NGC’s 2021 Sustainability Report, as well as its past publications, can be accessed through NGC’s website at https://ngc.co.tt/wp-content/uploads/2022/10/NGC-Sustainabilty-Report-2021.pdf