In response to increasing interest in its ESG performance from key stakeholders, Lucid Energy Group engaged Buchanan’s ESG team to create their inaugural Sustainability Report that captures and presents its strong ESG programme. This involved defining Lucid’s material ESG risks and opportunities within its midstream operations, analysis of how the business manages down its ESG risk and constructing a comprehensive ESG narrative for integration into Lucid’s communications.
During this process, Buchanan provided consultancy and developed a strategic framework to help Lucid seize the opportunities presented by specific ESG issues. The framework is built around three key themes – Responsible Growth, Commitment to Excellence and Safe & Sustainable Operations – and was brought to life by our Design Team.
Since publication, Lucid has announced the milestone approval by the Environmental Protection Agency (EPA) to develop the largest Carbon Capture and Secure Storage Project in the Permian Basin – an important tenet to their decarbonisation programme.