What is covered by the report?
It outlines how CE indicators, drawn from various existing frameworks, can be applied within O&G companies. The research report brings together both qualitative and quantitative indicators that could help O&G companies assess the circularity of their assets across upstream, midstream and downstream activities.
The report includes five sections:
Section 1: about circular economy and the industry’s role in it
Section 2: circular economy frameworks and their applications
Section 3: key circular economy indicators
Section 4: reflections on measuring circularity
Section 5: conclusions
Why companies should adopt circular economy
Through aligning the industry’s understanding of CE and providing a general approach to measuring circularity internally, the report enhances understanding of CE measurement frameworks, encourages innovation and fosters collaboration.
Increasing the circularity of production processes and products can support O&G companies to produce the energy the world needs, while reducing impacts on natural resources and cutting emissions. As well as providing climate, environmental and social benefits, CE helps builds long-term resilience and generates business and economic opportunities.
Who is this report for?
This report helps O&G CE SMEs, waste professionals and corporate sustainability units to:
Assess and evaluate the current circularity performance within their company
Identify opportunities for ‘closing the loop’ through filling the gaps of existing circular economy practices
