Mapping the Oil and Gas Industry to the Sustainable Development Goals

Print
 
Jul 2017
Global, July, 24 2017 - The report illustrates how the oil and gas industry links to and can contribute to address each of the 17 Sustainable Development Goals (SDGs)— by integrating into core business operations and by identifying opportunities for oil and gas companies to collaborate with other stakeholders, and leverage experiences and resources to implement each goal.

The United Nations Development Programme (UNDP), International Finance Corporation (IFC) and IPIECA launched a new joint report, Mapping the oil and gas industry to the Sustainable Development Goals: An Atlas,’ at the SDG Business Forum organized in conjunction with the UN High-Level Political Forum (10-19 July).  

The report illustrates how the oil and gas industry links to and can contribute to address each of the 17 Sustainable Development Goals (SDGs)— by integrating into core business operations and by identifying opportunities for oil and gas companies to collaborate with other stakeholders, and leverage experiences and resources to implement each goal.

“The private sector has a critical role to play in the achievement of the SDGs. This Atlas provides practical recommendations and examples of how the oil and gas industry can take action to ensure that the social and economic benefits are widely shared and environmental impacts are minimized,” said Nik Sekhran, Director for Sustainable Development, UNDP.

“We are pleased to launch this report with IPIECA and IFC and look forward to using it to inform dialogue and collaboration in SDG implementation in oil and gas rich countries,” he further stated.

The Atlas illustrates how the oil and gas industry can most effectively support and contribute to the achievement of the SDGs for sustainable development through the roles and responsibilities of key stakeholders, and by providing examples of good practices and existing knowledge and resources available in the industry on sustainable development.

"The SDGs represent an ambitious, collective, international agenda,” said Bernard Sheahan, Global Director of Infrastructure and Natural Resources, IFC. “Achieving the Goals will require partnership and collaboration between and among all sectors and industries. By mapping the linkages between the oil and gas industry and the SDGs, we hope to encourage our clients and partners to further embed the Goals into their business and operations and seek out new, innovative ways to contribute to global development."

“We are delighted to launch the Atlas which we believe will be a valuable tool for companies as they work to align with the SDGs framework. The SDGs will be central to how the industry frames and communicates its contribution to sustainable development going forward,” said Brian Sullivan, IPIECA’s Executive Director.

UNDP in partnership with the IFC and IPIECA (global industry association for social and environmental issues in the oil and gas industry) have worked together over the past year to prepare the report. The preparation of the report has included wide consultations and inputs from the oil and gas industry (IPIECA member companies and other industry associations) as well as from civil society, academia, and international organizations.



 

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More