可持续发展报告调查：2025年结果 Reporting survey results 2025 External summary report

Reportingsurveyresults2025

Externalsummaryreport

Sections

•Introduction

•Formatandfrequencyofdelivery

•Legislativeorregulatoryrequirementsandexternallandscape

•Governanceofreporting

•Reportingprocess

•UseofreportingframeworksandESGratings

2Ipiecaannualreportingsurveyresults2025

Introduction

Backgroundandpurpose

•Surveyhasbeenconductedsince2012

•Purpose:toreviewthesustainabilityreportingpracticesofIpiecamembercompaniesintermsofformatanddelivery,governance,processanduseofframeworksforthefutureofsustainabilityreporting

•Resultsaimto:

-Provideanoverviewofcurrentpractices

-Helpoilandgas/energycompanieslearnfromtheirpeers

-Improveindustrycommunicationaroundsustainabilityissues

•ThesurveyresultswillalsofeedintothewiderIpiecasustainabilityreportingworkstreamsandinformfurtherdevelopmentoftheIpieca,APIandIOGP

Sustainabilityreportingguidancefortheoilandgasindustry

Thissurveyfeaturesanumberoflong-termcomparisonsofselectedquestions.Theyshowthechangeindataandanswersoverperiodsoftimethatreflecttheever-changinglandscapeofsustainabilityreporting.

Thewordingandoptionsofthesequestionshavebeenalteredovertheyearsbutultimatelyareaskingthesamequestion.Everyefforthasbeenmadetoensurethatthedatausedisaccurateandcomparabletoyearsprevious,butreadersshouldallowforaminormarginoferrorwhenreading.

4Ipiecaannualreportingsurveyresults2025

Reportingsurvey2025

37companiesparticipated

ADNOC

Equinor

Petrobras

AkerBP

•

ExxonMobil

•

PTTEP

Aramco

•

GeoPark

•

Repsol

AssalaEnergy

•

Halliburton

•

Shell

BakerHughes

•

HarbourEnergy

•

SLB

bp

•

Hess

•

Sonangol

CenovusEnergy

•

INPEX

•

SuncorEnergy

Chevron

•

KosmosEnergy

•

TotalEnergies

ConocoPhillips

•

Moeve

•

TullowOil

CNOOCInternational

•

MurphyOil

•

VårEnergi

Ecopetrol

•

Oxy

•

Woodside

Enbridge

•

Perenco

Eni

•

PETRONAS

5Ipiecaannualreportingsurveyresults2025

Formatandfrequencyofdelivery

DoesyourcompanyproduceareportdisclosingESG(sustainability/non-financial)

information?

36outof37respondentsanswered‘yes’

Ifyes,whichofthefollowingreport(s)doesyourcompanyproduce?

72%

ESGreport(sustainabilityreport/non-financialreport)

50%

Annualreportwithintegrationofsustainabilityinformation

42%

Topicalreports(e.g.,separatereportsonanyESGtopics)

17%

Country/regionalreports

Other:

•Sustainabilitysectiononthewebsite

•Standardconcordancetables

8%

Other(pleasespecify)

Note:companieswereaskedtoselectallthatapply

7Ipiecaannualreportingsurveyresults2025

Ifyourcompanyalreadyproducesorplanstoproducetopicalreports,

whatis/willbethefocusoftheadditionalreports/communications?

9companiesskipped

46%

18%

14%

14%

14%

61%

54%

Top3in2023

•Climatechange(scenarioanalysis/transitionplans/energyoutlook)

•Modernslaverystatements

•UNGlobalCompact

CommunicationonProgress

Modernslaverystatements

Climatechange(scenarioanalysis/transitionplans/energyoutlook)

Humanrights

UNGlobalCompactCommunicationonProgressTaxtransparency

Biodiversity

ReportonVoluntaryPrinciplesonSecurityandHumanRightsDiversity,payequity,humancapitalSustainableDevelopmentGoals

Country/regionalreports

ExtractiveIndustriesTransparencyInitiative(EITI)Justtransition

Water

Circulareconomy

8Ipiecaannualreportingsurveyresults2025

Supplychain

43%

39%

32%

32%

29%

Top3in2024

•Climatechange(scenarioanalysis/transitionplans/energyoutlook)

•Modernslaverystatements

•Humanrights

11%

7%

7%

Isyourcompanytransitioningawayfrom

traditionalreportstowardswebsite-basedorotherdigitalformatsforyour

sustainabilitydisclosures?NEWQUESTION

2companiesskipped

Yes,43%No,57%

9Ipiecaannualreportingsurveyresults2025

HowoftendoesyourcompanypublishanESG(sustainability/non-financial)report?

100%ofrespondents(36)answered‘onceayear’

HowlonghasyourcompanybeenreportingonESGinformation(sustainabilityperformance/non-financialinformation)either

viacomprehensiveESGreportsortopicalreports?

1-2years,6%3-5years,8%

6-10years,

19%

>10years,67%

Whatsocialmediachannelsdoesyourcompanyusetoconveysustainabilitycontent?

2companiesskipped

91%

LinkedIn

40%

Instagram

X(formerlyTwitter)

34%

Facebook

29%

YouTube

26%

TikTok

6%

WhatsApp

3%

10Ipiecaannualreportingsurveyresults2025

Legislativeorregulatoryrequirements

andexternallandscape

IsESG(sustainability/non-financial)

reportingmandatoryforyourcompany?

Whichcountries’sustainabilityreportinglegislationisrelevanttoyourcompany?

EU’sCorporateSustainabilityReportingDirective(CSRD)

US(bothfederalandstatelevel

legislations)

UK’sISSB-informedjurisdictionsand

otherlegislations

Australia’sISSB-informed

jurisdictionsandotherlegislations

71%

56%

Yes

47%

28%

No

44%

Partially

17%

32%

Note:companieswereaskedtoselectallthatapply

12Ipiecaannualreportingsurveyresults2025

Governanceofreporting

Wheredoestheteamwithaccountability

forESG(sustainability/non-financial)reportingsitinyourorganisation?

Whatisthehighestgovernancebodyresponsibleforapprovingyourcompany'smainESGdisclosures

(sustainabilityreport,annualreportwithintegrationofsustainabilityinformation,orother)?

Corporatestrategy,8%

Other(pleasespecify),8%

Boarddirector/committeechairperson

ChiefSustainabilityOfficerorother

executiveofficer

64%

14%

Public

affairs/Communications,8%

Environment,

HealthandSafety

(EHS),11%

Sustainabilityfunction,50%

CEO/president

11%

Other(pleasespecify)

8%

3%

Departmenthead/director

Finance,19%

Others:

•ExecutiveLeadershipTeam/BoardCommittee•GeneralShareholders’Meeting

14Ipiecaannualreportingsurveyresults2025

Doesyourcompanyusethird-partyservicestoprepareitsESGinformation?

(e.g.contractors,consultants,agencies)

No,5

Ifyes,whichkind?5companiesskipped

Designagency

Editorialservices(copyediting,expert

reviewandproofreading)

Materialityprocess/materialityassessment

Consultantsfordevelopmentofspecific

Yes,31

content/contentwriters

Other(pleasespecify)

Increasedby24%since20212021:18respondentssaid‘yes,

2022:29respondentssaid‘yes,

2023:29respondentssaid‘yes,

2024:30respondentssaid‘yes,

Specialisedsustainabilityreportingagent

41%

28%

22%

19%

6%

88%

Other:

•ConsultantsforCSRDimplementationstrategy

•Independentassuranceproviderforalldata

•Lawfunction

•ProductionofinteractivedashboardswiththemainsustainabilityKPIs

•Scope3carbonaccounting

•Websitedeveloper

15Ipiecaannualreportingsurveyresults2025

Areyourcompany'sESG

disclosuresassuredbyathirdparty?

33%

0%

36%

45%

57%3%

29%

AllESGinformation

Selectedcontent

(includingboth

quantitativedataand

narrative/qualitative)

Selectedcontent

(quantitativedataonly)

Selectedcontent

(narrative/qualitativeonly)

29%

LimitedassuranceReasonableassurance

Note:companieswereaskedtoselectallthatapply

16Ipiecaannualreportingsurveyresults2025

Whichassurancestandarddoesyourcompany'sauditoruse?(e.g.,ISAE3000,ISO14064-3,etc.)

3companiesskipped

ISAE3000(revised)

Other

ISO14064-3

ISAE3410

ISO14001

ISO45001

ISSA5000

ISO31000

Others:

•AA1000AS(AA10000ASv3)

•AmericanInstituteof

CertifiedPublicAccountants(AICPA):AT-Csection105,ConceptsCommontoAll

AttestationEngagements,andAT-Csection210,

ReviewEngagements

26%

21%

18%

15%

9%

3%

0%

•ASAE3000

•ASAE3410

•CSAE3000

•ISO22301

•ISO14064-1

68%

Whichorganisationconductsyourcompany'sverification?

Lloyd’s

Register

Quality

Assurance

Limited

(LRQA),14%

Others,19%

Big4(i.e.Ernst&Young(EY),

Deloitte,PricewaterhouseCoopers

(PwC),KPMG),67%

ERM

CVS,8%

Reportingprocess

18Ipiecaannualreportingsurveyresults2025

Whatarethekeydriversforyourcompanyinreportingonsustainability

performance/non-financialinformation?

Toengage/communicatewiththeinvestorcommunity(e.g.

investors,raters,etc.)

Legalorregulatoryrequirement

Toengage/communicatewithotherstakeholders(e.g.

governments,NGOs,society)

CEO/Board-levelmandate

Todriveoperationalperformance

Toimprovecorporatereputation

Note:companieswereaskedtoselecttheirtop3

50%

44%

42%

28%

28%

89%

Doesyourcompanyhaveaformal

materiality*processinplace?

Isyourcompany'smaterialityprocess/prioritisationofissuesapprovedbytheBoardofDirectors/SustainabilityCommittee?

56%

Yes

No

56%

Yes,annually

Yes,otherthanannually

44%

31%

Ifno,whoapprovesyourmaterialityprocess/prioritisationofissuesaspartofreportdevelopment?

•ExecutiveBoard/StrategicCommittee/ManagementCommittee/SeniorManagementTeam:thesegroups,oftenincludingtheCEOandexecutiveofficers,areinvolvedinreviewingor

approvingthematerialityprocess.

•EVPLevel/SeniorVPLevel:endorsementorinvolvementfromhigh-levelexecutivesjustbelowtheExecutiveCommittee,includingSeniorVPsofSustainabilityandExternalAffairs.

•ChiefSustainabilityOfficer(CSO):directlyinvolvedintheapprovalprocess,sometimesalongsideotherC-suiteroles(e.g.,ChiefAccountingOfficer).

•GlobalOperationsandSustainabilityLeadership:responsibleforreviewingandvalidatingtopicselection.

•SustainabilitySteeringCommittee:composedofseniorexecutivesfocusedonsustainabilityoversight.

•BoardofDirectors/Board-LevelCommittees:includescommitteessuchastheHealth,Safety,andEnvironmentCommittee(CSMS),whichrevieworaremadeawareofkeyfindings.

14%

No

“Yes,otherthanannually”:

Companiesareconductingtheirformalmaterialityprocessevery2-5years(every3yearsbeingthemostcommonanswer)withmany‘refreshing’iteveryyear,orasaresponsetoamajorchangeinbusinessstrategyor

structure.

*Materialityisaprincipleandmanagementprocessthatdetermineswhichissuesshouldbecoveredandtheirprioritywithinareport.

19Ipiecaannualreportingsurveyresults2025

Forthe2024financialyearESG

(sustainability/non-financial)reporting,didyourcompanyapply:6companiesskipped

Impact

materiality,

35%

Double

materiality,

65%

*Doublematerialityisthematerialitythatconsidersbothsustainabilityimpactsandfinancialmateriality.

20Ipiecaannualreportingsurveyresults2025

DoesyourcompanyuseanyITtoolstosupportitsmaterialityassessmentortopicprioritisation

process?NEWQUESTION

Yes,25%

No,75%

Pleaseratetheimportanceofthefollowingtopicsforyourcompany,stakeholdersand

investors.6companiesskipped

Climatechangeandenergy

Occupationalhealthandsafety

Processsafetyandassetintegrity

16%3%

10%

17%

81%

57%

67%

23%

27%

MostimportantVeryimportantImportantSomewhatimportantNotimportant

Topicimportancemaydifferacrossthecompany,investors,andstakeholders,andcanshiftovertimeduetonewlegislation,markettrends,ortechnologicaldevelopments.

2023–Top5issues

1.Climatechange

2.GHGemissions

3.Occupationalhealth&safety

2022–Top5issues

1.Climatechange

2.Workforceprotection

3.Processsafety&assetintegrity

2024–Top5issues

1.Climatechange

2.Processsafety&assetintegrity

3.Occupationalhealth&safety

21Ipiecaannualreportingsurveyresults2025

Doesyourcompanydirectlyengagestakeholderstoidentifymaterialissuesorgather

feedbackonESGdisclosures(inESGreportorannualreportwithintegrationofsustainabilityinformation)?

86%ofrespondents(31)answered‘Yes’

Ifyes,whichstakeholders/rightsholdersorgroupsdoesyourcompanyengagewith?7companiesskipped

Employeesandunionrepresentatives

Institutionalshareholders

Industryassociations

Non-governmentalorganisations

Suppliers

86%

73%

63%

63%

63%

Note:companieswereaskedtoselectallthatapply

22Ipiecaannualreportingsurveyresults2025

Ifyes,howdoesyourcompanyengagestakeholders

onitsESGdisclosures/report?8companiesskipped

Ifyes,whatbenefitsdoesstakeholderengagementprovide,andhowdoesyourcompanyusethis

feedback?7companiesskipped

Virtual/Onlinemeetings

Facetoface

86%

72%

Identifyandprioritiseissues

73%

66%

Email

Enhancestakeholderrelationships

Informcompanystrategy/policies

33%

Onlinequestionnaire/survey

Telephonecalls

Stakeholderpanel

52%

45%

33%

34%

Improvereportingprocess

27%

7%

Other

Note:companieswereaskedtoselectallthatapply

23Ipiecaannualreportingsurveyresults2025

WhataretheESGtopicsthatyourcompanyanticipateswillhavehighimportanceforthe

industryoryourorganisationoverthenext3-5years?

Climatechangemitigation(GHGemissions)

Humanrights(communities,ownworkforce,supplychain)Duediligenceinthesupplychain

BiodiversityWaterconsumption

Nature-relateddependencies,risks,impactsandopportunitiesClimatechangeadaptation

39%

36%

36%

Pollution(includingair,waterandsoilpollution)Resourceuseandcirculareconomy

33%

31%

31%

Diversity,equityandinclusionJusttransition

Meaningful/inclusiveengagementwithaffectedcommunities/Indigenous…Valuecreation(advancingsocio-economicdevelopment,localcontent)Workersinthevaluechain[policies,engagement,managingnegative…

24Ipiecaannualreportingsurveyresults2025

Note:companieswereaskedtoselectamaximumof10options

86%

67%

64%

64%

53%

50%

50%

47%

2024-Top5topics:

1.Climatemitigation(GHGemissions)

2.Humanrights

3.Duediligenceinthesupplychain

4.Biodiversity

5.Nature-relateddependencies

2023-Top5topics:

1.Climatemitigation

2.Scope1,2and3

3.Nature-relatedrisks3.Justtransition

4.Humanrights4.Humancapital

5.Waterconsumption5.Protectingbiodiversity

2022,thetop5topics:

1.Climatemitigation

2.Supplychain

UseofESGreporting

frameworksandratings

DoesyourcompanyusetheIpieca-API-IOGPSustainabilityreportingguidancetoinformits

reporting?3companiesskipped

88%ofrespondents(30)answered‘Yes’

Foundationandreferencetool

•Afoundationaldocumentthathasinformedtheoverallreportingapproachformanyyearsandusedasareferencetool

HowdoestheIpieca-API-IOGPSustainabilityreportingguidancehelpwithyourcompany'sreporting,orwhyhasyourcompanychosennottouseit?

Industry-specificdefinitionsanddisclosures

•Offersaclearstructuredframeworkfortheoil&gasindustryreporting

•Aidsinstandardisingmetrics,improvingconsistencyandcomparability

•UsedtocomplementESRS,GRI,andotherframeworks

•Supportscompletenessofdataanddisclosures

•Helpsaligndefinitionsandprocesses

•GuidesbothnarrativeandESGdatareporting,especiallyinupstream

Stakeholdercommunicationandtransparency

•Enhancestheabilitytocommunicatesustainabilityperformancetostakeholders

•Helpsdemonstratecommitmenttotransparencyandindustrygoodpractice

•Providescross-referencingcapabilitiesforstakeholderclarity

Materialityandtopicidentification

•Helpsinidentifyingmaterialtopicsanddeterminingrelevancetostakeholders

•Enhancesunderstandingofkeyindustryissues

•Providesguidanceonhumanrightsrisksandotherduediligencetopics

26Ipiecaannualreportingsurveyresults2025

Whichofthefollowingreportingstandards/frameworks/commitmentsguidethedevelopment

ofyourcompany'sESGreporting?2companiesskipped

80%

71%63%

TheIpieca-API-IOGPSustainabilityReportingGuidancefortheOilandGasIndustryTaskforceonClimate-relatedFinancialDisclosures(TCFD)recommendationsGRIOilandGassectorstandard(OG11)

60%

60%57%

SustainabilityAccountingStandardsBoard(SASB)sustainabilityaccounting…

UNSustainableDevelopmentGoals(SDGs)GRI-GlobalReportingInitiativeStandards(2021)

40%37%

EUCorporateSustainabilityReportingDirectiveandEuropeanSustainability…UNGlobalCompact’sTenPrinciples,CommunicationonProgress

34%

29%29%

29%

InternationalSustainabilityStandardsBoard–IFRSS2Climate-relatedDisclosuresEUTaxonomyRegulation

Top5in2024

1.TCFD

2.GRIOG11

3.Ipieca-API-IOGP

Sustainabilityreportingguidance

4.GRI2021

5.UNSDGs

Top5in2023

1.TCFD

2.Ipieca-API-IOGP

Sustainabilityreportingguidance

3.GRI

4.SASB

5.GRIOG11

InternationalSustainabilityStandardsBoard–IFRSS1GeneralRequirementsWRI-WBCSDGHGProtocol

23%17%

17%

TaskforceonNature-relatedFinancialDisclosures(TNFD)frameworkUNGuidingPrinciplesReportingFramework

WorldEconomicForum–StakeholderCapitalismMetrics

Note:companieswereaskedtoselectallthatapply

27Ipiecaannualreportingsurveyresults2025

In2025,whichESGsurveysorratingshasyourcompanyrespondedtoorplanstorespondto?

6companiesskipped

MSCIESG

SustainalyticsS&PDJSICSA

CDPClimateChangeISSESGCorporateRating(Oekom)

EcoVadis

ISSE&SQualityScore

ISSGovernanceQualityScoreFTSERussell-FTSE4Good CDPWaterSecurityBloombergESG

WBACorporateHumanRightsBenchmarkFTSETPI

WBAJustTransition

CarbonTransitionAssessmentsbyoneof…

WBAClimateandEnergyTransitionRefinitivESG(formallyThomsonReuters)CorporateKnightsGlobal100

CDPBiodiversityS&PTrucost

FortuneMagazine(e.g.,MostAdmired…WBAGenderBenchmark

58%61%

10%

10%

19%

35%

6%6%

29%

19%

6%

16%

6%

10%

Others:

•CA100+(x2)

•Carbontracker

•WBCSD

•NZbenchmark

•Open-ES

•ClarityAI

•EthiFinance

•TransitionPathwayInitiative

26%19%

26%

23%

16%

16%

35%

32%

26%

6%

16%

13%

16%

23%

10%

13%

16%

6%

6%

6%

16%

16%

13%

13%

6%

6%

6%

10%

3%

10%

6%6%

13%

3%6%

6%

3%3%

3%3%

13%

10%

3%

Note:companieswereaskedtoselectallthatapply

PrioritytothecompanyActivelyengageandreportReviewdataonly

28Ipiecaannualreportingsurveyresults2025

In2025,whichESGsurveysorratingshasyourcompanyrespondedtoorplanstorespondto?(contd.)

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

29Ipiecaannualreportingsurveyresults2025

0%

11-YEARANALYSIS(SIMPLIFIED)

20152016201720182019202020212022202320242025

CDP-ClimateMSCISustainalyticsDJSI

FTSE/FTSE4GoodVIGEO(EIRIS-VIGEOsince2017)OEKOM(ISS-OEKOMsince2019)EcoVadis

30