UNGC 7th Principle Breach - Businesses should support a precautionary approach to environmental challenges
A large multinational oil and gas company have continued to face long-standing controversy over allegations of responsibility for substantial environmental damage to the Niger River Delta. It is accused of poor maintenance of its pipelines, resulting in thousands of spills over the course of more than 50 years and is flagged for breaching Principle 7 of the UN Global Compact.
We have engaged with the company and encourage them to continue with their transparent approach to ESG issues. This company is very transparent about oil spills in Nigeria and has reported spill data since 1995, and makes available on its website a detailed accounting of all spills in Nigeria, including the cause, which are often caused by crude oil theft and sabotage. Despite not being responsible for these criminal acts, the company always moves as quickly as possible to clean up all spills, regardless of fault.