BOST build’s capacity of senior staff on ESG
Bulk Oil Storage and Transportation (BOST) has trained about twenty senior staff to enhance their knowledge of the fundamentals of environmental, Social and governance (ESG) to develop their capacity in their area of work.
Speaking to journalists during the ESG masterclass certificate programme, the General Manager of Cooperate Planning, Ato Amissah Wilson, acknowledged the importance of ESG, saying that it is very necessary for a company to be aware of how its dealings affect the country in terms of its environment, stakeholder and the structures put in place to deliver objectives effectively.
Mr. Amissah Wilson added that the reason for the training is not only to build capacity but also to build the brand of BOST to help deal with stakeholders more effectively since every stakeholder in a business looks out for reliable companies, and also to make the accessibility of funds much easier.
“BOST has some major projects to execute in 2024, and these projects will require funds potentially from donor funding and international funding institutions, but we too unlock these funds, and ESG complaints of the company will be checked.”
He indicated that the one-week programme has also educated them more on certain safety precautions, like tracking environmental compliance on a regular basis.
“We deal in the storage and transportation of fuel; therefore, we need to put in all necessary safety measures since any negative impacts on the environment will greatly affect not only the brand of the company but the inhabitants as well, he noted.”
Moving forward, the General Manager said that BOST is going to put the ESG strategy together and out of it, the company will have their ESG score card, which will be monitored on a quarterly, monthly and annual basis
“This is to make sure that the benchmarks that the company sets are gradually being achieved.”
Manager of Health, Safety and Environment, Kofi Owusu-Appiah, also reiterated the importance of ESG in the activities of BOST, saying that through ESG, the company is going to get a carbon footprint that would help measure the quantity of carbon it releases into the environment.
A member of ESG Pathners Ghana and the Center for Sustainable Development at Addis Ababa University, Dr.Felix Dwumfour, explained that the ESG is a collection of cooperative performance evaluation criteria that include environmental, social and cooperative governance issues and its ability to effectively manage its impacts.
Speaking of the training, he said the aim is to build the capacities of the trainees, help them implement the techniques of ESG, and monitor the structures of ESG put in place for sustainability sake.
He added that most institutions operating globally have not gotten to the state to be referred to as ESG compliance, noting that ESG pathers in Ghana and the Center for Sustainable Development at Addis Ababa University are going to continue to work with any interested institution till they are able to build a solid system in the coordinated organisation.
“This would help coperate institutions to benchmark what they are doing with other similar institutions and organizations outside the country.”
Source : ghanaweb.com
