This guidance document addresses the question of how to create successful and sustainable community investments and how to measure their success. Social investment programmes are described as the voluntary and/or regulatory contributions companies make to the communities and broader societies where they operate, with the objective of mutually benefiting external stakeholders and the company. The guidance was originally published in 2008, and was updated in 2017 to reflect the launch of three accompanying Practitioner Notes:
1 May 2017
This practitioner note discusses the main evolutions in social investment since the launch of Ipieca's guidance in 2008, shares observations from practitioners, and includes practical ways practitioners can analyse their situation and approach the issue.
This practitioner note explores the challenges faced by companies as a result of increasing stakeholder demand for evidence-based reporting of social investment.
This practitioner note provides an overview of the process for designing a social investment strategy, and explores the different phases of the oil and gas project life cycle and their implications for social investment.
The objective of this guidance is to provide a structured framework to guide practitioners, towards the implementation of an effective and efficient local content measurement and reporting process. It offers a roadmap to select, collect, and analyze metrics.