New York, 24 July, 2017. - The United
Nations Development Programme (UNDP), International Finance Corporation
(IFC) and IPIECA launched a new joint report, ‘Mapping
the oil and gas industry to the Sustainable Development Goals: An Atlas,’
at the SDG Business Forum organized in conjunction with the UN
High-Level Political Forum.
The report illustrates how the oil and gas
industry links to and can contribute to address each of the 17
Sustainable Development Goals (SDGs)—
by integrating into core business operations and by identifying opportunities
for oil and gas companies to collaborate with other stakeholders, and leverage
experiences and resources to implement each goal.
“The private sector has a critical role
to play in the achievement of the SDGs. This Atlas provides practical recommendations
and examples of how the oil and gas industry can take action to ensure
that the social and economic benefits are widely shared and environmental
impacts are minimized,” said Nik Sekhran, Director for Sustainable Development,
“We are pleased to launch this report with
IPIECA and IFC and look forward to using it to inform dialogue and collaboration
in SDG implementation in oil and gas rich countries,” he further stated.
The Atlas illustrates how the oil and gas
industry can most effectively support and contribute to the achievement
of the SDGs for sustainable development through the roles and responsibilities
of key stakeholders, and by providing examples of good practices and existing
knowledge and resources available in the industry on sustainable development.
"The SDGs represent an ambitious, collective,
international agenda,” said Bernard Sheahan, Global Director of
Infrastructure and Natural Resources, IFC. “Achieving the Goals will require
partnership and collaboration between and among all sectors and industries.
By mapping the linkages between the oil and gas industry and the SDGs,
we hope to encourage our clients and partners to further embed the Goals
into their business and operations and seek out new, innovative ways to
contribute to global development."
“We are delighted to launch the Atlas which
we believe will be a valuable tool for companies as they work to align
with the SDGs framework. The SDGs will be central to how the industry frames
and communicates its contribution to sustainable development going forward,”
said Brian Sullivan, IPIECA’s Executive Director.
UNDP in partnership with the IFC and IPIECA
(global industry association for social and environmental issues in the
oil and gas industry) have worked together over the past year to prepare
the report. The preparation of the report has included wide consultations
and inputs from the oil and gas industry (IPIECA member companies and other
industry associations) as well as from civil society, academia, and international
UNDP partners with people at all levels of
society to help build nations that can withstand crisis, and drive and
sustain the kind of growth that improves the quality of life for everyone.
On the ground in nearly 170 countries and territories, we offer global
perspective and local insight to help empower lives and build resilient
“IPIECA is the global oil and gas industry
association for environmental and social issues. It develops, shares and
promotes good practices and knowledge to help the industry improve its
environmental and social performance, and is the industry’s principle
channel of communication with the United Nations. Through its member-led
working groups and executive leadership, IPIECA brings together the collective
expertise of oil and gas companies and associations. Its unique position
within the industry enables its members to respond effectively to key environmental
and social issues.” www.ipieca.org
IFC, a member of the World Bank Group, is
the largest global development institution focused on the private sector
in emerging markets. Working with more than 2,000 businesses worldwide,
we use our capital, expertise, and influence to create markets and opportunities
in the toughest areas of the world. In FY16, we delivered a record $19
billion in long-term financing for developing countries, leveraging the
power of the private sector to help end poverty and boost shared prosperity.
For more information, visit www.ifc.org.