To advance the oil and gas industry’s environmental and social performance and contribution to the energy transition in the context of sustainable development.
Strategic intent
Ipieca's strategic intent is to accelerate industry contribution to a sustainable world through action underpinned by collaboration and shared understanding across the UN, business, finance and civil society.
Mission
Developing, sharing and promoting good practices and solutions
Enhancing and communicating knowledge and understanding
Engaging members and others in the industry
Working in partnership with key stakeholders
Ipieca’s role is to foster a holistic approach to a sustainable climate, flourishing biodiversity and thriving communities.
Thematic goals
Ipieca’s strategy centres on the three themes of climate, nature and people, along with the:
Development of good practice in those areas along the oil, gas and alternative energy value chains
Enhanced transparency through sustainability reporting
Advance industry’s ability to contribute to a net-zero future.
Support emissions reductions and the development of low-carbon operations and energy through industry expertise, good practice guidance and the promotion of breakthrough technologies
Lead the engagement with the UN and other stakeholders to enable sound pathways to net zero
Collaborate with stakeholders, including other sectors, to explore and enable resilient low-emission pathways and scale-up solutions
Share industry’s efforts in delivering a net-zero future and promote transparency
Advance industry social performance, respect for human rights and contribution to social and economic development.
Support industry expertise and good practice in human rights, community engagement, health management and responsible security
Lead the engagement with the UN and other stakeholders on the just transition and internationally recognised human rights standards
Enable industry to create shared social and economic value from its activities through local content development
Share industry’s efforts in contributing to the social benefits of workers and communities including vulnerable groups
Sustainable development and energy transition
The challenges and complexities of the energy transition involve addressing a number of political, technological, economic, social and environmental dimensions. The strategy recognises that the energy transition will require a broad mix of solutions and the oil and gas industry will play its part.
Ipieca will:
Articulate the many pathways to energy transition
Encourage an integrated approach to energy transition
Advance environmental and social performance across the energy transition, including hard-to-abate sectors and renewable energies
Strategic process
Ipieca operates a four-year strategic plan cycle.
The development of the 2025-2028 Strategy took place throughout 2024 and early 2025, led by the Ipieca Executive Committee, building on input from our members and stakeholders.
The role of dialogue
Transparent and open dialogue helps guide Ipieca's strategy and work programme and ensures that its activities reflect key sustainability issues for the industry, as well as the views of stakeholders, whilst building on Ipieca’s key differentiators and value proposition.
Input from key stakeholders was obtained through a survey, as well as dialogue between the Ipieca Executive Committee and 16 external stakeholders at Ipieca Week in April 2024. The dialogue focused on stakeholders’ views on Ipieca’s role in the energy transition. The insights from our stakeholders provided us with constructive guidance and challenges on the role they see for Ipieca and how they think it should be achieved.
