IPIECA works with the industry through workshops, good practice sharing and publications to help companies make successful and sustainable social investments.
Many oil and gas companies have implemented social and community investment programmes in areas where they operate, with the aim of establishing and maintaining good relationships with local, regional and national stakeholders, and to enhance the company’s social impact.
However, despite companies’ best efforts and ongoing engagement, many social investment programmes fail to generate the sustainable benefits that companies hope for and may have unintended consequences. In addition, companies often find it difficult to define, quantify and measure the success of their social investments.
Guide to successful, sustainable social investment
A guidance document for the oil and gas industry (2nd edition)Download