Ipieca has launched membership principles for corporate and associate members as a new condition of membership.
Setting sustainability expectations for members, the Ipieca Principles reinforce Ipieca’s role to inspire action and lead the global oil, gas and alternative energy industry through a sustainable energy transition.
The first principle under each pillar provides support for a United Nations convention or initiative, strengthening Ipieca's longstanding relationship and collaboration with the UN. The second principle under each pillar aims to advance the environmental and social performance of members’ operations.
A new condition of membership
The Ipieca Principles are a new condition of membership. Supporting the principles is a requirement of membership for current and prospective Ipieca corporate and associate members, effective from 1 July 2022.
Under the conditions of Ipieca membership, members of Ipieca agree to:
- Support the Ipieca Principles.
- Support the Ipieca vision to improve performance and contribute to the energy transition in the context of sustainable development.
- Support the objectives and work plan of Ipieca as approved by the General Committee. This includes but is not limited to, engaging in at least two groups.
- Respect and value Ipieca's non-lobby status.
- Comply with the Articles of Association of Ipieca.
- Comply with applicable laws and regulations, including on anti-trust, competition and sanctions, related to Ipieca’s activities and members participation.
Supporting the Ipieca Principles
Members demonstrate their support for the Ipieca Principles through their agreement to the conditions of Ipieca membership and their continued membership of Ipieca.
An accompanying list of Practical examples, useful resources and reference points has been developed to guide members through a range of voluntary actions to operationalise the Ipieca Principles. The applicability of the suggested actions to any particular company will be dependent on a company’s own policies and procedures, applicable law, operating regions and other factors.