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.
IPIECA has also developed two internal awareness briefings on Social investment in skills building and enterprise development and Social investment as a risk mitigation tool published in 2019 (member login required). These briefs highlight current trends and enable members to anticipate the trajectory along which social investment is headed.
Guide to successful, sustainable social investment
A guidance document for the oil and gas industry (2nd edition)Download
A guidance document for the oil and gas industry. (2nd edition)Download
Social development: stakeholder communities prosper from local economic growth
Fact sheet for the oil and gas industryDownload