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Sustainability in the Oil & Energy Industry

8/17/2021

 
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Many influential organizations are pushing for the energy industry to adapt to ideas centered in environmental and cultural sustainability. In 2017 the United Nations Development Program, the International Finance Corporation and IPIECA published a report detailing private-sector Oil & Gas sustainable development goals, and expressing how these should be integrated into standard operations.​
Additionally, the Bureau of Labor Statistics expressed concerns that women make up only one-fifth of all U.S. oil and gas extraction jobs, while otherwise occupying 47 percent of the labor force. Encouraging more female representation in Oil & Gas represents a one avenue of meeting the cultural sustainability standards being encouraged by industry leaders.

Whether dealing with cultural or environmental sustainability, a management infrastructure that incorporates strong product, resource and employee management processes is key. Innovations that ensure that all employees have quick access to material safety data sheets, and effective response planning through handheld devices can be critical to reducing the effect of environmental hazards. Collecting and managing employee and customer feedback can help create inclusive hiring and employee retention polices, as well as internally address gender or ethnic based grievances or discrimination.

Simply implementing management policies that are mindful of sustainability imparities can create an internal culture of sustainability, which will inherently direct future planning in line with these development goals.
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To aid with sustainability efforts, many progressive oil and energy organizations are turning to software to help manage their development and implementation efforts.  For example, tracking changes made to procedures and policies while attempting to implement sustainability practices is crucial when it comes to understanding the impact and effectiveness of such changes.

For more information on how Accupoint Software can help you manage your sustainability goals, please contact us today.

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