Updated API GHG Reporting Compendium Furthers Climate Progress
April 8, 2022
April 8, 2022
Ipieca Oil And Gas Sector SDG Roadmap
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Ipieca Oil And Gas Sector SDG Roadmap
As we rapidly approach the 2030 deadline to deliver the UN Sustainable Development Goals (SDGs), the need for concerted action and coordinated solutions involving all parts of society is more urgent than ever.
The oil and gas industry is an essential partner in achieving the ambitions at the core of the SDGs. It can provide the affordable and reliable energy essential for economic growth, employment, education, eradication of poverty and global health. However, there are also sustainability challenges facing the sector. While supporting a growing global population’s demand for energy, the industry must continue to scale-up its climate change action, curbing emissions from global energy production and use, and continue to play its part in a world aspiring to net-zero emissions.
In response to the critical need for action, and recognising the industry’s huge potential to support the SDGs, IPIECA has joined forces with WBCSD to produce An SDG Roadmap for the oil and gas sector. Building on the IPIECA-UNDP-IFC Mapping the oil and gas industry to the Sustainable Development Goals: An Atlas, and the SDG Sector Roadmap Guidelines developed by WBCSD in 2018, the Roadmap outlines short, medium and long term actions – mapped against SDG targets – which go beyond business as usual and aim to catalyse the realisation of the goals.
WBCSD foreword
The world is facing unprecedented global challenges in the form of a climate emergency, nature loss and mounting inequality. These challenges are also playing out against the backdrop of a devastating global pandemic that has delivered the whole world a stark reminder of how vulnerable our society is to systemic risk.
In order to successfully tackle these challenges and realise the prosperity for people and planet that the Sustainable Development Goals call for, business, government and civil society must work together to change the systems that have created the challenges we now face– and change them so profoundly that we can legitimately call it transformation.
Executive summary
Purpose
Accelerating action: An SDG Roadmap for the oil and gas sector (Roadmap) is an initiative led by IPIECA, the global oil and gas industry association for advancing environmental and social performance, in collaboration with the World Business Council for Sustainable Development (WBCSD).
It is hoped that the Roadmap will be used to inspire collaboration within the industry, convening the sector to help realise the ambitions of the SDGs and the Paris Agreement.
Approach
The Roadmap follows the three step framework described in WBCSD’s SDG Sector Roadmap Guidelines. IPIECA members convened via a series of ‘in-person’ and virtual workshops to:
- Map the oil and gas sector’s current level of SDG impact in its operations and supply chain, and identify priority SDGs for the sector.
- Identify impact opportunities for IPIECA and the sector to contribute to the SDGs and develop actions which can be adopted to realise these opportunities.
- Develop a call to action for IPIECA, sector companies and stakeholders to catalyse their impact on the SDGs through engagement with, and implementation of, the Roadmap.
Priority SDGs
Although the oil and gas sector has the potential to advance all 17 goals either directly or indirectly, for the purpose of this Roadmap10 SDGs were identified as priority areas where the sector has the most influence or ability to respond to societal needs by driving innovation and impact in its own operations and across the value chain. SDG 17 ‘Partnerships for the Goals’ was identified as a cross-cutting goal essential to all impact opportunities.
