The Ipieca Principles and the Ipieca-WBCSD SDG Roadmap are key frameworks through which Ipieca aims to inspire action. These member action case studies provide tangible examples of how members are operationalising the principles and embedding SDG Roadmap actions in their businesses, offering inspiration and insights for other companies. Relevant Ipieca good practice guidance and resources are provided to further support companies to take the next step on their sustainability journey.
Reducing energy consumption is the most cost-effective strategy for lowering greenhouse gas (GHG) emissions. According to the International Energy Agency (IEA), enhancing energy efficiency could contribute up to 40% of the emissions reductions needed under the Paris Agreement.
Methane is a short-lived, but potent greenhouse gas, making it an ideal target for climate change mitigation strategies. Methods for reducing methane emissions are technically feasible or achievable at low or no-net costs, making it a key and cost-effective mission in oil and gas companies’ journeys to net-zero emissions.
Conserving the energy and greenhouse gases (GHGs) used to produce oil and gas can make a major contribution to moving the world onto a more sustainable energy path. Ipieca members are increasingly powering their operations with low-carbon or renewable energy sources, helping reduce GHG emissions from their operations.
The oil and gas industry has made continuous reductions to the amount of natural gas that is flared. By working through a range of consortia, such as the World Bank’s Global Flaring and Methane Reduction Partnership, Ipieca members are reducing the amount of ‘associated’ gas that is flared.