What is covered by the report?
It outlines how circular economy (CE) indicators, drawn from various existing frameworks, can be applied within oil and gas companies. The research report brings together both qualitative and quantitative indicators that could help oil and gas 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
Download the report above or the key messages document below.
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 oil and gas 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
- Develop circular economy strategy and making decisions for operations
