ARC’s EO100™ Standard for Responsible Energy Development certification demonstrates our ongoing commitment towards transparency and meaningful disclosure on environmental, social, and governance performance.
Equitable Origin (EO) created the world’s first stakeholder-based, independent, voluntary standards system to help drive higher social and environmental performance, greater transparency, and more accountability in energy development. The organization works with stakeholders and Indigenous communities to foster dialogue, benchmark performance, and promote best practices through the EO100™ Standard for Responsible Energy Development.
The EO100™ standard is awarded following a comprehensive assessment across five principles:
To obtain certification, companies must participate in an extensive independent assurance process that includes site-level assessments and ongoing engagement with key stakeholders and Indigenous communities.
Equitable Origin (EO) is an innovative stakeholder-based certification system for the energy industry that promotes higher social and environmental standards, greater transparency, and more accountability in energy development projects.
EO100™ is the most comprehensive certification currently available and includes an independent assurance process that involves site-level assessments and ongoing engagement with stakeholders and Indigenous communities to ensure alignment with industry best practices across key environmental, social, and governance criteria.
To achieve EO100™ certification, key stakeholders and Indigenous communities are interviewed, corporate policies and procedures are reviewed, operational facilities are visited and assessed by independent subject matter experts, internal personnel are consulted, and peer reviews are completed to determine if a company’s operations meet the performance target metrics for energy development projects.
Following the evaluation process, Equitable Origin provides a comprehensive assessment of performance targets across the five principles. The company uses this assessment to develop continuous improvement plans that outline how process improvements will be pursued in each area going forward.
As part of the certification process, continuous improvement plans must be submitted to address how the company plans to advance their performance across key operational areas and annual check-ins are conducted to gauge progress. After three years, participating companies must undergo the entire certification process again to ensure they still meet the requirements based on independent evaluation.
Certification is awarded at a site level if it achieves a minimum score of 70 per cent under each of the five principles included in the performance targets. Once an asset is certified, all production from this asset can be classified as having met the stringent ESG standards outlined by the EO100™ certification.
Recertification occurs every three years. To recertify, a company must complete the entire evaluation process to demonstrate performance across the five key areas of: corporate governance and ethics; social impacts, human rights and community engagement; Indigenous Peoples’ rights; occupational health and safety and fair labour standards; and environmental impacts, biodiversity and climate change.