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.
A number of sectors are challenging to electrify, including long-haul transport, shipping, and aviation. The oil and gas industry has a key role to play in the production and adoption of cleaner, lower-carbon and alternative fuels and decarbonisation technologies to help these hard-to-abate sectors to lower emissions and advance the energy transition.
One of the key technologies that can enable large-scale, cost-effective mitigation of CO2Â within the industry and across other sectors is carbon capture and storage (CCS). The oil and gas industry is currently working to develop CCS technologies and projects, as well as to address barriers and explore opportunities to enable its uptake.
The Global Biodiversity Framework (GBF), adopted by 196 Parties at the UN Convention on Biological Diversity (CBD) COP15 in 2022, represents the global biodiversity agenda for the next decade and the common ground across societal sectors to enact positive actions for halting and reversing nature degradation.
Achieving the ambitions of the Paris Agreement will not be possible through electrification of the energy system alone, especially for those countries aiming to reach net-zero emissions by 2050. Because of the close association of hydrogen and fossil fuels, the oil and gas industry has the experience, skills and knowledge to support the emerging hydrogen economy.
Circular economy is a system solution framework that entails decoupling economic activity from the consumption of finite resources. Ipieca members work to increase the circularity of their production processes and products, producing the energy the world needs, while reducing impacts on natural resources and biodiversity, and cutting 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.