The IPIECA monthly article round-up showcases recent sustainability-related achievements, projects and news from IPIECA members and organizations that IPIECA partners with, demonstrating their commitment to advancing environmental and social performance across oil and gas and achieving the UN Sustainable Development Goals.
This June we saw the release of a new climate reporting template, a continuation of net-zero announcements and collaboration towards reducing emissions, the launch of a social entrepreneurship programme focused on climate resilience, significant social investment in education, and a comprehensive sustainable financing framework in the sector. On the stakeholder front, the annual Tracking SDG7 report was released by Sustainable Energy for All, highlighting the need to accelerate action.
Member sustainability articles
Cenovus Energy and Suncor Energy
Canada’s largest oil sands producers announce net-zero alliance
IPIECA members Cenovus Energy and Suncor Energy along with Canadian Natural Resources, Imperial, and MEG Energy have formally announced the Oil Sands Pathways to Net Zero initiative. Working closely with the federal government, the alliance aims to achieve net-zero greenhouse gas emissions from Canadian oil sands operations by 2050.
Cheniere announces collaboration to quantify, monitor, report and verify GHG emissions
Five natural gas producers and several leading academic institutions are collaborating with Cheniere on a research and development initiative to implement greenhouse gas emissions quantification, monitoring, reporting and verification at natural gas production sites.
Chevron and Miller Center partner on Climate Resilience Accelerator programme
Chevron and the Miller Center for Social Entrepreneurs have launched a new programme focused on providing solutions to vulnerable populations disproportionately affected by climate change in the Asia Pacific. The Climate Resilience Asia Pacific Accelerator programme will upskill the region’s highest potential social entrepreneurs, addressing barriers to investment and offering mentorship to support innovative solutions in the areas of water, energy and food security.
Hess to make $9 million investment in Houston Learning for Life Partnership
Hess has announced a new $9 million, three-year commitment as part of its Learning for Life Partnership, funding education programmes and support services for disadvantaged communities in Houston. More than 13,000 children across 22 schools are intended to benefit from this new funding.
INPEX signs carbon neutral gas agreement with Kiryu Gas
INPEX has entered into an agreement for the supply of carbon neutral gas to Kiryu Gas. The natural gas, which has been offset with certified carbon credits derived from greenhouse gas reduction efforts, will serve Kiryu Gas’s headquarters and facilities, and will be offered to customers, including private households.
Repsol launches a comprehensive sustainable financing framework
Repsol has launched a sustainable financing framework alongside its energy transition process. The comprehensive framework aims to allocate funds outlined in its financing strategy to ensure the achievement of its sustainability roadmap.
Schlumberger announces commitment to net-zero by 2050
Energy technology and service provider Schlumberger has announced its commitment to achieve net-zero greenhouse gas emissions by 2050. Its net-zero plan focuses on reducing Scope 1, 2 and 3 emissions, and includes the introduction of its Transition Technologies portfolio to assist its customers and the wider industry in reducing their emissions.
American Petroleum Institute
API unveils new climate reporting template for natural gas and oil industry
API has released a new template for reporting and tracking greenhouse gas indicators, in an effort to promote consistency and comparability across climate-related reporting in the oil and gas industry. The template works to standardise indicators, units of measurement and definitions, covering Scope 1 and 2 emissions, as well as GHG reduction targets and efforts to mitigate emissions.
Partner sustainability article
Sustainable Energy for All
Five takeaways from Tracking SDG7: The Energy Progress Report 2021
A joint effort from the International Energy Agency, the International Renewable Energy Agency, UN Statistics Division, the World Bank, and the World Health Organization, the annual report tracking progress towards achieving SDG7 is now available. This article summarises key findings from the report, highlighting the need to accelerate action.
Related IPIECA resources and news
Found these articles interesting? Learn more about the topics covered through IPIECA’s free good practice guidance, awareness briefings, webinars, news and blogs:
- IPIECA-API-IOGP Sustainability reporting guidance for the oil and gas industry
- IPIECA The role of scenario analysis in climate reporting
- Creating successful, sustainable social investment
- IPIECA-WBCSD Accelerating action: an SDG Roadmap for the oil and gas sector
- Environmental and social good practice for the energy transition: a compendium of IPIECA good practices
- Exploring low-emissions pathways: advancing the Paris Puzzle
- Exploring low-emissions pathways for transport
- IPIECA 2021-24 strategy: providing a platform to support the energy transition and sustainable development
- 01 July 2021