OGCI (Oil and Gas Climate Initiative)’s Post

🌱🔄 The first set of circular economy indicators specific to the oil and gas industry has launched 🔄🌱 This is also the first joint publication between Ipieca and the Energy Institute. While it may seem like there's a dilemma between oil and gas and the concept of circularity, numerous opportunities exist to be explored. This set of indicators will help companies assess circularity, guiding our industry towards more sustainable practices. A huge thank you to our technical writers from KPMG, the incredible communications team, and all the members who reviewed and provided invaluable inputs to this document. Your hard work and collaboration have made this achievement possible! Check out the document here: https://lnkd.in/edawmthA #CircularEconomy #Sustainability #OilAndGas 

I’m grateful to be part of the Ipieca ‘s Circular Economy task force during the discussions of this content and the opportunity to be part of this wonderful group in which circular economy performance takes the main place for the oil and gas industry. I’m very honored to shared Ecopetrol ‘s circular performance indicators during the process. Now, strategies around circularity will help us to improve our mission (pass the traditional business model to a circular one) while understanding the consequences of their implementation and the evaluation of their performance. challenge? Structure next steps that a company (independent of the segment that it is part of, upstream, midstream or downstream it belongs)may consider for the achievement of short, mid and long term goals in which any of these were committed but validating the implementation with these indicators. We aren’t blind anymore so it’s time to evaluate the circularity in our business!

Congrats Ipieca for this great job!! Measuring circularity is not an easy job. I am pretty sure that this guide will help Companies to improve their circularity. Thanks for letting me be part of the process! #CircularEconomy #Sustainability

🚨New resource: Ipieca-Energy Institute Circular economy indicators in the oil and gas industry 🚨 This guidance presents the first oil and gas specific set of circularity indicators. It helps oil and gas industry circular economy (CE) SMEs, waste professionals and corporate sustainability units to: 🔄Improve understanding of the various CE frameworks available 🔄Develop a CE strategy  🔄Enhance their companies’ CE performance 🔄Measure, assess, report and steer on circularity Increasing the circularity of their production processes and products can support oil and gas companies to produce the energy the world needs, while reducing impacts on natural resources and biodiversity, and cutting emissions. Download here👉https://lnkd.in/edawmthA #Circulareconomy

Ipieca CEO Brian Sullivan on the Ipieca-Energy Institute Circular economy indicators in the oil and gas industry, 'This guidance presents the first oil and gas specific set of circularity indicators. Increasing the circularity of their production processes and products can support companies to produce the energy the world needs, while reducing impacts on natural resources and biodiversity and cutting emissions.' Download the guidance 👉https://lnkd.in/edawmthA #circulareconomy

🚨New resource: Ipieca-Energy Institute 'Circular economy indicators in the oil and gas industry' 🚨 This guidance presents the first oil and gas specific set of circularity indicators. It helps oil and gas industry circular economy (CE) SMEs, waste professionals and corporate sustainability units to: 🔄Improve understanding of the various CE frameworks available 🔄Develop a CE strategy 🔄Enhance their companies’ CE performance 🔄Measure, assess, report and steer on circularity Increasing the circularity of their production processes and products can support oil and gas companies to produce the energy the world needs, while reducing impacts on natural resources and biodiversity, and cutting emissions. Download here👉https://lnkd.in/edawmthA hashtag #Circulareconomy

🌍 Circular Economy in the Oil & Gas Industry by IPIECA: Paving the Way for Sustainability 🔄 The oil and gas industry is moving away from the traditional "take-make-dispose" model, embracing circular economy practices to reduce waste, reuse materials, and improve resource efficiency. This shift aligns with global sustainability efforts like the EU’s Circular Economy Action Plan and the Corporate Sustainability Reporting Directive (CSRD). Key principles driving this transformation include: 1️⃣ Eliminating waste and pollution. 2️⃣ Circulating products/materials at their highest value. 3️⃣ Increasing operational efficiency. Circular economy strategies can be applied across the entire oil and gas value chain—from exploration to refining and distribution—bringing opportunities in material management, petrochemicals, and even biofuels. 🛠️ Frameworks like IPIECA, Circular Transition Indicators (CTI), Circulytics, and CSRD's ESRS-E5 help the sector measure circularity through both quantitative and qualitative indicators, tracking inflows and outflows of materials, waste management, and asset longevity. 🚀 Despite the challenges, especially in linear products like fuels, IT systems and circular procurement practices can drive progress toward a more sustainable future. Embracing circularity not only meets environmental goals but also creates new business opportunities through recycling, remanufacturing, and innovation. Let’s transform the future of energy, one sustainable step at a time! 🌱 #ADNOC #ESG #CircularEconomy #Sustainability #OilAndGas #Innovation #WasteReduction #ResourceEfficiency

Building a green supply chain is more than a choice – it's a fundamental responsibility that demands a holistic and collaborative approach from suppliers to consumers. Across diverse industries, the commitment to sustainability is reshaping the way we source raw materials and invest in renewable energy. The concept of "greening the supply chain" has emerged as a transformative avenue, signifying a profound integration of environmentally responsible strategies and practices throughout the production and distribution processes. This collective commitment reflects an understanding that sustainability isn't just a choice but a fundamental responsibility. 🌿 How are Manufacturers Currently Addressing Environmental Sustainability within their Supply Chains? In our latest blog, we dive into seven strategies that forward-thinking manufacturers can champion to minimize their environmental footprint. Read More: https://lnkd.in/g_YTN4xk #GreenSupplyChain #SustainabilityJourney #UpliftYourImpact #Sustainability

Adopting green practices has transitioned from being a choice to a necessity. Companies can significantly reduce their environmental impact and contribute to a more sustainable future by adopting and implementing a range of eco-friendly initiatives: 1️⃣ 𝗘𝗻𝗲𝗿𝗴𝘆 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆: Invest in energy-efficient technologies and renewable energy sources to reduce energy consumption. 2️⃣ 𝗪𝗮𝘀𝘁𝗲 𝗿𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻: Implement comprehensive waste management and recycling programmes to minimise waste production. 3️⃣ 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗵𝗮𝗶𝗻𝘀: Partner with suppliers who prioritise sustainability to ensure your supply chain is eco-friendly. Join us in making a positive impact. Learn more about how our PRO can assist you in meeting your environmental responsibilities and enhancing your sustainability efforts, visit https://bit.ly/3WDYINo Join the CGCSA PRO by emailing us at pro@cgcsa.co.za #CGCSA #PRO #GreenPractices #Sustainability #CorporateResponsibility #EnvironmentalInitiatives

The Impact of Packaging and Manufacturing on the Environment and how effective project management is crucial The packaging industry has a significant environmental impact due to waste and pollution. Yet, various projects aim to reduce emissions and promote sustainability. -Sustainable Materials: Companies are using biodegradable plastics, paper-based, and plant-based materials. -Energy-Efficient Manufacturing: Investments in renewable energy sources like solar and wind power reduce reliance on fossil fuels. -Recycling & Waste Reduction: Implementing recycling programs and reducing packaging for shipping. -CO2 Mitigation: Offset greenhouse gas emissions through renewable energy and reforestation projects. -Optimized Logistics: Using electric vehicles and optimizing transport routes. Efficient project management is crucial for steering these complex environmental initiatives. Read more on our blog here: https://lnkd.in/emKt-UzA #SustainablePackaging #GreenManufacturing #ReduceEmissions #EcoFriendly #RenewableEnergy #WasteReduction #ProjectManagement