The World Economic Forum’s Board Principles Playbook for Oil and Gas provides governance guidance to help companies navigate the energy transition. It urges boards to balance near-term energy security with long-term decarbonization goals, addressing risks from climate change, market volatility, and stakeholder demands. Key principles include embedding sustainability into corporate strategy, strengthening climate risk oversight, and fostering innovation in low-carbon technologies. The playbook emphasizes transparent reporting, collaboration across ecosystems, and aligning executive incentives with ESG outcomes. By adopting these principles, boards can drive resilience, maintain competitiveness, and contribute to global net-zero ambitions.

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