Energy Tomorrow Blog
API Releases New Sustainability Reporting Guidance with International Community to Promote Environmental Progress
Posted March 30, 2020
Industry-led efforts to reduce greenhouse gas emissions are a key contribution to global climate solutions, and when companies transparently report their performance, it reflects their commitment to ongoing advances in sustainability. The natural gas and oil industry pioneered industry-wide guidance for sustainability reporting 15 years ago, and for decades now, has delivered detailed performance information for stakeholders, including regulators, investors and the general public.
Today, three leading global natural gas and oil industry associations – API, IPIECA and IOGP – released the fourth edition of the “Sustainability Reporting Guidance for the Oil and Gas industry,” which provides a consensus framework for company reporting on sustainability topics in governance and business ethics; climate change; environment; safety, health and security; and social impacts.