Sustainability reporting is both a responsible and expected method for companies to communicate publicly on their environmental and social performance. The oil and gas industry has achieved many notable successes in the field of sustainability but challenges remain and it is becoming increasingly important for individual companies to tell their own stories in a clear, transparent, and straightforward manner.

For oil and gas companies, reporting can provide a robust platform for describing how strategic issues are being addressed through long-term plans and current initiatives. Stakeholders can find details of a company’s high level vision and strategy for dealing with sustainability-related impacts, implementing action plans and assessing outcomes.

Sustainability reporting within the oil and gas industry has evolved significantly over the past ten years with increasing numbers of companies producing reports, and these reports then being presented in ever more dynamic ways. There is an increasing focus on reporting as a critical engagement process with company stakeholders as well as employees, and organisations are now reporting on many more indicators than in the past, particularly regarding social and economic issues.

As a result, the sustainability reporting landscape is continuously evolving as companies find new ways to report on the ways in which they conduct their operations. This paper will examine best practices in the oil and gas industry’s reporting on sustainability and will discuss the following aspects in more detail:

  • -

    Industry reporting frameworks

  • -

    Reporting challenges

  • -

    Emerging trends in reporting

You can access this article if you purchase or spend a download.