The ESG standards, that will become effective in 2024, will require large companies to report their progress in sustainable development and to include information about it in their yearly reports. Even though smaller companies are not required to do so by now, many of them are concentrating their efforts in creating ESG strategies because of the need of structuring the initiatives that they are currently working on, as well as setting longer term goals.
An example for such company is M-Gas EOOD from Ruse that works in the field of compressed natural gas and provides the services of compressing, logistics, transport, delivery, monitoring of systems for decompression and reporting of compressed natural gas.
“With our aims, focused on the environmental, social and governance (ESG) factors, we work towards sustainable business development and creation of added value for our clients and employees,” explained Gergana Manolova, sustainable development manager. “We identified the fields where we already have development and those we would like to develop in order to reach carbon neutrality until 2030,” she added.
The ESG policies of M-Gas
The ecology policy of M-Gas in regard of protection, restoration and improvement of the environment is one of the main priorities of the company. The firm set clear and measurable goals for sustainable development and reaching carbon neutrality by 2030. They are related to reducing CO2 emissions via more effective use of the current resources, efforts in recycling, changing equipment with more energy efficient one, as well as replacement of the car and truck fleet. With the last measure, M-Gas has a certificate from Sustainable Energy Development Agency (SEDA) for 75.09 tons of CO2 emissions saved in 2021. The company plans to build their own carbon neutral building that will use 100% green energy.
M-Gas joins the efforts of UN’s Sustainable Development Goals (SDGs) until 2030. All 17 goals are important for them, but the efforts are concentrated in 10, including affordable and clean energy, responsible consumption and production, decent work and economic growth, good health and well-being, and gender equality.
The full strategy is available on the company’s website: https://mgas-bg.com/en/initiatives/