This past weekend 193 UN member states agreed on a set of Sustainable Development Goals (SDGs) for the period 2015-2030. The SDGs provide a common framework for navigating the world’s most urgent economic, social, and environmental challenges.
Meeting the SDGs by 2030 will require unprecedented cooperation and collaboration among governments, non-governmental organizations, development partners, the private sector and communities. Therefore, all stakeholders are called upon to incorporate the SDGs into their own practices and operations. This means that government, civil society, and financial institutions will increasingly hold businesses accountable for their constructive contributions to the SDGs.
To help build understanding of how the oil and gas sector can most effectively contribute to the SDGs, as well as assess their implications for the sector, IPIECA will be working with the International Finance Corporation (IFC) the United Nations Development Programme (UNDP), the UN Sustainable Development Solutions Network (SDSN) and the Columbia Center on Sustainable Investment (CCSI) on a mapping exercise. The end product will be a document that traces the many points of intersection between the oil and gas sector and the SDGs. We will be launching this document during 2016.
IPIECA has also contributed to an International Chamber of Commerce (ICC) and UN Global Compact publication, Scaling Up Sustainability Collaboration: Contributions of Business Associations and Sector Initiatives to Sustainable Development. This focuses on how business associations across all sectors and regions, can and are, advancing sustainable development in line with the SDGs.