Sector Standard Project for Oil and Gas

The importance of this standard

The Standard for oil and gas is the first to be developed under the Sector Program. These sectors were prioritized based on their widely documented impacts across economic, environmental, and social dimensions, including impacts on climate change and biodiversity and human rights.

The project aims to identify and describe the significant impacts for organizations in the oil and gas sectors from a sustainable development perspective and create a foundation for improving transparency and consistent reporting. 

 

Consideration of public feedback and revisions

The public comment period took place from 8 July to 6 October 2020. Responses received on the exposure draft have been published and reviewed. They have informed the final draft of the Sector Standard: Oil and Gas, currently under development. 

The exposure draft for the Sector Standard project: Oil and Gas, as developed by the working group, identified reporting across 22 of the most critical sustainability topics for organizations with oil and gas activities. 

About this project

In April 2020 the Global Sustainability Standards Board (GSSB) decided to split the scope of the project, and develop a sector standard for oil and gas and a separate standard for coal. The development of these standards follows different timelines. For more information please see the meeting paper .

An expert and multi-stakeholder working group was appointed by the GSSB, the independent body responsible for setting the GRI Standards and is leading the development of the Sector Standard. 

The project follows the GSSB’s Due Process Protocol, the implementation of which will be overseen by the Due Process Oversight Committee.

You can also learn more about the Sector Standard for Coal.

Project overview

Q3 2019 - Q2 2020
Development of draft Sector Standard
Q3 - Q4 2020
Public comment period
Q4 2021
Expected release of the Sector Standard

GRI Sector Program Description file 07 Feb 2019 English 449 KB
Terms of Reference: GRI Project Working Group for the Oil, Gas, and Coal Sector file 27 Mar 2019 English 266 KB
Oil, Gas and Coal Sector Standard Project Proposal file 26 Mar 2019 English 322 KB
GSSB Terms of Reference file 18 Oct 2018 English 108 KB
GSSB Due Process Protocol 2018 file 18 Oct 2018 English 213 KB
GRI Universal Standards project exposure draft file 19 Sep 2020 English 4.1 MB
GSSB Work Program 2020-2022 file 01 Dec 2020 English 146 KB

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