The Role of Oil & Gas Industry in Achieving the Sustainable Development Goals (SDGs)

Mohammed Albuainain; Victor Kalimugogo; Hesham Alzahrani

doi:doi:10.11648/j.ijrse.20221103.11

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The Role of Oil & Gas Industry in Achieving the Sustainable Development Goals (SDGs)

Mohammed Albuainain, Victor Kalimugogo, Hesham Alzahrani

Published in International Journal of Sustainable and Green Energy (Volume 11, Issue 3)

Received: 12 October 2022 Accepted: 27 October 2022 Published: 4 November 2022

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Abstract

Sustainability is becoming more of a business imperative rather than a corporate philanthropy. In 2015 during the seventeenth session of the United Nations (UN) General Assembly, Head of States and governments adopted the resolution on “Transforming our world: the 2030 Agenda for Sustainable Development”, which aims to stimulate action over the next 15 years in areas of critical importance for humanity and the planet. According to the 2021 UN Sustainable Development Goals Report, the world is not on track to achieve the 17 SDGs. The global COVID-19 pandemic further exacerbated the problem as millions of lives have been lost, the human and economic toll has been unprecedented, and recovery efforts so far have been uneven, inequitable and insufficient. The oil and gas industry is essential to the economic development and prosperity of many national economies, especially in developing and emerging countries. It plays a vital role in alleviating poverty, ensuring economic development, providing access to reliable energy, and has the financial and technical capabilities to help address climate change. This can be more achieved by embedding the sustainable development goals into the business strategy and planning; mapping the SDGs relevant to business operations with clear materiality assessment and significant impact opportunities; developing supply chain stewardship by starting with direct and value chain impacts; and integrate the SDGs in sustainability reporting.

Published in	International Journal of Sustainable and Green Energy (Volume 11, Issue 3)
DOI	10.11648/j.ijrse.20221103.11
Page(s)	52-57
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Sustainable Development Goals, Sustainability, Oil & Gas, Environment

References

[1]	API. 2021. Impacts of the Oil and. PwC.
[2]	API. 2018. "Oil & Natural Gas Contribution to U.S. Economy Fact Sheet."
[3]	G20, Energy Ministerial Meeting. 2020. "G20 Communique."
[4]	IPIECA. 2017. Mapping the oil and gas industry to the SDGs: An Atlas. IPIECA.
[5]	McKinsey & Company. 2014. Profits with purpose: How organizing for sustainability can benefit the bottom line. McKinsey & Company.
[6]	United Nations. 2015. Resolution adopted by the General Assembly on 25 September 2015. United Nations.
[7]	United Nations. 2021. The Sustainable Development Goals Report 2021. United Nations.
[8]	WEF. 2022. Why do oil prices matter to the global economy? An expert explains. https://www.weforum.org/agenda/2022/02/why-oil-prices-matter-to-global-economy-expert-explains/.
[9]	IFC. 2012. “The Business Case for Sustainability”.
[10]	GRI 11: Oil and Gas Sector 2021.

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APA Style

Mohammed Albuainain, Victor Kalimugogo, Hesham Alzahrani. (2022). The Role of Oil & Gas Industry in Achieving the Sustainable Development Goals (SDGs). International Journal of Sustainable and Green Energy, 11(3), 52-57. https://doi.org/10.11648/j.ijrse.20221103.11

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ACS Style

Mohammed Albuainain; Victor Kalimugogo; Hesham Alzahrani. The Role of Oil & Gas Industry in Achieving the Sustainable Development Goals (SDGs). Int. J. Sustain. Green Energy 2022, 11(3), 52-57. doi: 10.11648/j.ijrse.20221103.11

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AMA Style

Mohammed Albuainain, Victor Kalimugogo, Hesham Alzahrani. The Role of Oil & Gas Industry in Achieving the Sustainable Development Goals (SDGs). Int J Sustain Green Energy. 2022;11(3):52-57. doi: 10.11648/j.ijrse.20221103.11

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@article{10.11648/j.ijrse.20221103.11,
  author = {Mohammed Albuainain and Victor Kalimugogo and Hesham Alzahrani},
  title = {The Role of Oil & Gas Industry in Achieving the Sustainable Development Goals (SDGs)},
  journal = {International Journal of Sustainable and Green Energy},
  volume = {11},
  number = {3},
  pages = {52-57},
  doi = {10.11648/j.ijrse.20221103.11},
  url = {https://doi.org/10.11648/j.ijrse.20221103.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijrse.20221103.11},
  abstract = {Sustainability is becoming more of a business imperative rather than a corporate philanthropy. In 2015 during the seventeenth session of the United Nations (UN) General Assembly, Head of States and governments adopted the resolution on “Transforming our world: the 2030 Agenda for Sustainable Development”, which aims to stimulate action over the next 15 years in areas of critical importance for humanity and the planet. According to the 2021 UN Sustainable Development Goals Report, the world is not on track to achieve the 17 SDGs. The global COVID-19 pandemic further exacerbated the problem as millions of lives have been lost, the human and economic toll has been unprecedented, and recovery efforts so far have been uneven, inequitable and insufficient. The oil and gas industry is essential to the economic development and prosperity of many national economies, especially in developing and emerging countries. It plays a vital role in alleviating poverty, ensuring economic development, providing access to reliable energy, and has the financial and technical capabilities to help address climate change. This can be more achieved by embedding the sustainable development goals into the business strategy and planning; mapping the SDGs relevant to business operations with clear materiality assessment and significant impact opportunities; developing supply chain stewardship by starting with direct and value chain impacts; and integrate the SDGs in sustainability reporting.},
 year = {2022}
}

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T1  - The Role of Oil & Gas Industry in Achieving the Sustainable Development Goals (SDGs)
AU  - Mohammed Albuainain
AU  - Victor Kalimugogo
AU  - Hesham Alzahrani
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DO  - 10.11648/j.ijrse.20221103.11
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JF  - International Journal of Sustainable and Green Energy
JO  - International Journal of Sustainable and Green Energy
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VL  - 11
IS  - 3
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Author Information

Mohammed Albuainain

Green Energy & Environmental Policy Department, Dhahran, Saudi Aramco
Victor Kalimugogo

Green Energy & Environmental Policy Department, Dhahran, Saudi Aramco
Hesham Alzahrani

Green Energy & Environmental Policy Department, Dhahran, Saudi Aramco

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APA Style

Mohammed Albuainain, Victor Kalimugogo, Hesham Alzahrani. (2022). The Role of Oil & Gas Industry in Achieving the Sustainable Development Goals (SDGs). International Journal of Sustainable and Green Energy, 11(3), 52-57. https://doi.org/10.11648/j.ijrse.20221103.11

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ACS Style

Mohammed Albuainain; Victor Kalimugogo; Hesham Alzahrani. The Role of Oil & Gas Industry in Achieving the Sustainable Development Goals (SDGs). Int. J. Sustain. Green Energy 2022, 11(3), 52-57. doi: 10.11648/j.ijrse.20221103.11

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AMA Style

Mohammed Albuainain, Victor Kalimugogo, Hesham Alzahrani. The Role of Oil & Gas Industry in Achieving the Sustainable Development Goals (SDGs). Int J Sustain Green Energy. 2022;11(3):52-57. doi: 10.11648/j.ijrse.20221103.11

Copy | Download

@article{10.11648/j.ijrse.20221103.11,
  author = {Mohammed Albuainain and Victor Kalimugogo and Hesham Alzahrani},
  title = {The Role of Oil & Gas Industry in Achieving the Sustainable Development Goals (SDGs)},
  journal = {International Journal of Sustainable and Green Energy},
  volume = {11},
  number = {3},
  pages = {52-57},
  doi = {10.11648/j.ijrse.20221103.11},
  url = {https://doi.org/10.11648/j.ijrse.20221103.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijrse.20221103.11},
  abstract = {Sustainability is becoming more of a business imperative rather than a corporate philanthropy. In 2015 during the seventeenth session of the United Nations (UN) General Assembly, Head of States and governments adopted the resolution on “Transforming our world: the 2030 Agenda for Sustainable Development”, which aims to stimulate action over the next 15 years in areas of critical importance for humanity and the planet. According to the 2021 UN Sustainable Development Goals Report, the world is not on track to achieve the 17 SDGs. The global COVID-19 pandemic further exacerbated the problem as millions of lives have been lost, the human and economic toll has been unprecedented, and recovery efforts so far have been uneven, inequitable and insufficient. The oil and gas industry is essential to the economic development and prosperity of many national economies, especially in developing and emerging countries. It plays a vital role in alleviating poverty, ensuring economic development, providing access to reliable energy, and has the financial and technical capabilities to help address climate change. This can be more achieved by embedding the sustainable development goals into the business strategy and planning; mapping the SDGs relevant to business operations with clear materiality assessment and significant impact opportunities; developing supply chain stewardship by starting with direct and value chain impacts; and integrate the SDGs in sustainability reporting.},
 year = {2022}
}

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TY  - JOUR
T1  - The Role of Oil & Gas Industry in Achieving the Sustainable Development Goals (SDGs)
AU  - Mohammed Albuainain
AU  - Victor Kalimugogo
AU  - Hesham Alzahrani
Y1  - 2022/11/04
PY  - 2022
N1  - https://doi.org/10.11648/j.ijrse.20221103.11
DO  - 10.11648/j.ijrse.20221103.11
T2  - International Journal of Sustainable and Green Energy
JF  - International Journal of Sustainable and Green Energy
JO  - International Journal of Sustainable and Green Energy
SP  - 52
EP  - 57
PB  - Science Publishing Group
SN  - 2575-1549
UR  - https://doi.org/10.11648/j.ijrse.20221103.11
AB  - Sustainability is becoming more of a business imperative rather than a corporate philanthropy. In 2015 during the seventeenth session of the United Nations (UN) General Assembly, Head of States and governments adopted the resolution on “Transforming our world: the 2030 Agenda for Sustainable Development”, which aims to stimulate action over the next 15 years in areas of critical importance for humanity and the planet. According to the 2021 UN Sustainable Development Goals Report, the world is not on track to achieve the 17 SDGs. The global COVID-19 pandemic further exacerbated the problem as millions of lives have been lost, the human and economic toll has been unprecedented, and recovery efforts so far have been uneven, inequitable and insufficient. The oil and gas industry is essential to the economic development and prosperity of many national economies, especially in developing and emerging countries. It plays a vital role in alleviating poverty, ensuring economic development, providing access to reliable energy, and has the financial and technical capabilities to help address climate change. This can be more achieved by embedding the sustainable development goals into the business strategy and planning; mapping the SDGs relevant to business operations with clear materiality assessment and significant impact opportunities; developing supply chain stewardship by starting with direct and value chain impacts; and integrate the SDGs in sustainability reporting.
VL  - 11
IS  - 3
ER  -

Copy | Download