Governance
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The natural gas and oil industry is committed to transparent operations and business activities, which are critical to continued success in the U.S. and global marketplaces. Through a unified approach to industry reporting – and a shared commitment to delivering value to all stakeholders – the sector is accelerating social and environmental progress, while preparing for the world’s energy future.
Industry-Led Reporting
Corporate sustainability reporting plays a critical role in helping stakeholders understand a dynamic industry such as natural gas and oil, including opportunities for energy development. Communicating accurate, complete and consistent information related to management practices, emissions guidelines and community partnerships, companies can inform and engage stakeholders while strengthening relationships with the financial sector.
For over 15 years, API and its international partners, IPIECA and IOGP, have produced “Sustainability Reporting Guidance for the Oil and Gas Industry,” which provides a sector-wide framework for assessing environmental, social and governance issues. Capitalizing on shared experiences over decades of managing these issues, this guidance helps individual companies highlight their activities in a clear, comprehensive format. For more information, please contact Stephen Comstock.
API Energy Excellence
API members are committed to accelerating safety and environmental progress collectively across the sector through the API Energy Excellence program, launched in 2021. API Energy Excellence codifies expectations and best practices related to health, safety and the environment, building upon industry’s legacy of best-in-class standards, workforce training and performance initiatives.
API Energy Excellence includes 13 core elements, which are broadly applicable across industry segments and operations, including information sharing, annual performance reporting and technological innovations that protect employees, communities and the environment. Through implementation of the 13 core elements, API members build and maintain a culture of safety throughout all aspects of their operations. API Energy Excellence companies are enhancing transparency and tracking performance improvements through systematic evaluation. As leaders in the natural gas an oil industry, API members adhere to API Energy Excellence, and reporting on its core elements ensuring accountability and steady progress.
API Governance Programs, Standards and Events
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