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Do the revised reporting guidelines for the oil and gas industry go far enough?

Last month IPIECA, the global oil and gas industry association for environmental and social issues, along with the American Petroleum Institute (API) and the International Association for Oil and Gas Producers (OGP) released their revised guidance on corporate sustainability reporting. This was the first update to the guidance since 2005.

A new mapping tool identifies and measures exposure to water risk.

Concerns about the world’s most precious resource - water – are growing, and businesses are increasingly taking note. A recent survey with responses from 150 large corporations conducted by CDP Water Disclosure revealed that 39% of companies have already experienced disruptions in operations, increasing expenses, and other detrimental impacts related to water. Although water risk is a significant concerrn, 62% of the responding companies also recognized that a water-constrained world could create opportunities to reduce operating costs with efficiency gains and generate new business in innovative water solutions.


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