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December 7, 2021updated 27 Dec 2021 7:56am

ESG related deals in the offshore industry decreased in H1 2021

ESG-related deals made up 3.1% of all deals announced in the offshore oil and gas industry operations and technologies sector in the first six months of 2021.

By Saywah Mahmood

Environmental, social, and governance (ESG) related deals made up 3.1% of all deals announced in the offshore oil and gas industry operations and technologies sector in the first six months of 2021.

This represents a decrease from the figure of 15.1% in the last six months of 2020 and a decrease from 17.2% in the first six months of 2020.

GlobalData’s deals database looks at mergers, acquisitions and venture capital and private equity investments taking place daily between thousands of companies across the world.

In the first six months of 2021, the overall number of announced deals in the offshore oil and gas industry operations and technologies sector increased by 16.8%, from the last six months of 2020.

GlobalData's thematic approach to sector activity seeks to group key company information on investments to see which industries are best placed to deal with any issues they may encounter.

These themes, of which ESG is one, are best thought of as "any issue that keeps a CEO awake at night", and by tracking them, it becomes possible to ascertain which companies are leading the way on specific issues and which ones have some work to do.

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