Standard Owner Benchmark - Equitable Origin

By CommonShare

Equitable Origin is a certification and standards organization that focuses on promoting responsible and sustainable practices in the energy industry, particularly in the oil and gas sector. The organization was founded in 2009 with the goal of addressing the social and environmental impacts associated with energy development and production.

Equitable Origin's main initiative is the development and implementation of the EO100™ Standard, which is a certification framework that assesses and recognizes responsible practices in energy exploration and production. The standard covers a wide range of criteria, including human rights, labor conditions, community engagement, environmental protection, and transparency.

By implementing the EO100™ Standard, energy companies can demonstrate their commitment to responsible practices and earn certification from Equitable Origin. This certification provides an assurance to stakeholders, including investors, regulators, and communities, that the certified company meets high standards of social and environmental performance.

Equitable Origin also works to engage with stakeholders and promote dialogue within the energy industry. The organization facilitates discussions, provides training and guidance, and collaborates with companies, governments, and civil society organizations to drive positive change in the energy sector.

While Equitable Origin operates as a non-profit organization, it also offers commercial services related to certification, assessment, and consultation. These services help to fund the organization's activities and support its mission of promoting responsible energy practices.

Equitable Origin's work contributes to the development of a more sustainable and socially responsible energy sector. By encouraging companies to adopt responsible practices and providing a transparent and credible certification process, Equitable Origin aims to create a positive impact on communities, workers, and the environment affected by energy development activities.

Overall Rating

2.6
Undistinguished

Governance

The certification uses a multi-stakeholder, independent governance model to support the development of the standards related to the certification.

Supply Side Digitization

Details on the certificate are easily available via technology for inclusion in third party digital applications.

Buy Side Availability

Buy side availability details out how easy it is for consumers to find products and companies exhibiting the standards offered by the certification.

Relevance

This considers the scale of the certification, and the number of products and companies that currently contribute to the certificate. National and local certification are normalized with countries.

Digital Accessibility

How easy is it for innovative new companies, startups, and local retailers to have the same access and affordable pricing models to use standard information in digital applications.
Equitable Origin
United States
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How our Standard Owner Benchmark® Works?

By CommonShare

This is a benchmark to help companies understand which standards should be part of a sustainable procurement plan. Further, the benchmark allows standard setting schemes, i.e. "Standard Owners", to benchmark their performance versus industry peers.