Preparing to engage

1. Build knowledge on methane

Review the Rising Risk report, this guide, and other relevant literature to understand the business case for the company to measure, report and reduce their methane emissions. Next, talk with subject matter experts to expand your knowledge on methane. EDF and PRI are happy to be considered key resources.

2. Conduct company-specific research

Use existing public company material, external benchmarks and research (for example: CDP oil and gas sector supplement responses, Société Générale research on methane, and Disclosing the Facts) to understand what, if anything, a company is doing to manage and report on methane emissions.

3. Conduct gap analysis

Using the company research, determine the areas for improvement. The beginner, intermediate and advanced indicators under each section in this guide can help establish the current level of company methane performance.

4. Develop an engagement plan

Identify the objectives of the engagement using the gap analysis. The performance indicators in this guide can help determine actionable next steps for company improvement (for example, to move from beginner to intermediate). Work with the company to develop a plan for continued improvement over time.

5. During and after engagement 

Track and evaluate the engagement progress made against the objectives set and company performance within a specified timeline. Plan to re-engage or develop an escalation strategy if progress is not evident as agreed.