The Importance of Sustainability in the Upstream Oil and Gas Industry

Sustainability lies at the heart of the upstream oil and gas sector's commitment to responsible energy production. At AXPC, we are proud to represent leading companies that continuously innovate and collaborate to address pressing health, safety, environmental, and social challenges. Together, we strive to meet global energy demands while minimizing our impact and contributing positively to the communities we serve.

AXPC supports its members’ operational and sustainability growth and performance in a number of ways. See how in each of the areas below.

Oil and gas companies routinely report on environmental, social and governance (ESG) performance, demonstrating their accountability for addressing challenges and risks affecting the industry, the environment, and our commitment to sustainable operations. Robust ESG reporting is important to both companies and stakeholders, and while there are a number of frameworks available, there has been no standardized framework for reporting consistent metrics with consistent methodologies for the upstream oil and gas industry.

View the AXPC ESG Metrics Framework

Reporting Template

To provide investors and the public with transparency and consistency for key upstream ESG indicators, AXPC launched the AXPC ESG Metrics Framework and Template in February 2021. These are available for use on a voluntary basis in sustainability reporting beginning in 2021.

Get Template

AXPC’s ESG Metrics and Framework centers around five key metrics groupings that AXPC members believe are essential to capture in more consistent, year over year reporting across its members companies to demonstrate their progress.

Health and Safety

Health and Safety

AXPC is proud to serve as a convener for its member companies, fostering collaboration and knowledge-sharing to enhance safety performance across the industry.

Environment

Environment

AXPC member companies are dedicated to reducing environmental impacts through innovative practices and rigorous compliance with regulations.

Social

Social

From building schools and fire stations to improving infrastructure and supporting local services, AXPC members prioritize giving back to the communities they call home.

Innovation

Innovation

Innovation drives the upstream oil and gas sector's ability to meet the dual challenge of energy security and sustainability. Our members leverage cutting-edge technologies to improve efficiency, enhance operational safety, and minimize environmental impacts.