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Calendar21 August 2024

This guidance presents the first oil and gas specific set of circularity indicators, bringing together elements from a number of existing circular economy (CE) frameworks and providing qualitive and quantitative CE indicators to enable oil and gas companies to measure the circularity of their assets and material in/out flows.

Through aligning the industry’s understanding of CE and providing a general approach to measuring circularity, the guidance ensures adherence to environmental standards, encourages innovation and fosters collaboration.

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Why companies should adopt CE

Increasing the circularity of their production processes and products can support oil and gas companies to produce the energy the world needs, while reducing impacts on natural resources and biodiversity, and cutting emissions.

As well as providing climate, environmental and social benefits, CE helps builds long-term resilience and generates business and economic opportunities.

What is covered by the guidance

The guidance includes five sections:

  • Section 1: about CE and the industry’s role in it
  • Section 2: CE frameworks and their applications
  • Section 3: key CE indicators
  • Section 4: measuring circularity
  • Section 5: conclusions

Who is this guidance for?

This report helps oil and gas industry CE SMEs, waste professionals and corporate sustainability units to:

  • Improve understanding of the various CE frameworks available
  • Develop a CE strategy
  • Enhance their companies’ CE performance
  • Measure, assess, report and steer on circularity

Join the launch webinar to learn more

5 September 13:00-14:00, click here to register.

This webinar will unpack the guidance, explaining how oil and gas companies can operationalise it.

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