The UN’s 2030 Agenda for Sustainable Development represents the world’s plan of action to end poverty, protect the planet and ensure prosperity for all.
Its 17 Sustainable Development Goals has specific targets to be achieved by 2030.
IPIECA – the Global Oil and Gas Industry Association for Environmental and Social Issues — produced a report in 2017: Mapping the Oil and Gas industry to the Sustainable Development Goals: An Atlas. It encourages oil and gas companies to incorporate SDGs into their business and operations, and investigate how the industry can help to achieve the SDGs.
The 17 SDGs relevant to our sector are illustrated below and our activity related to them is shown in the following table.
The 17 SDGs relevant to our sector
Our business strategy of responsibly delivering energy to help meet society’s energy needs supports the SDGs
|Development Goal Initiatives by New Zealand Oil & Gas||Initiatives by New Zealand Oil & Gas|
|1. No Poverty||The taxes and royalties we pay help the government fund essential
social services. Natural gas helps to keep energy costs affordable, and
produces less carbon than many alternatives in the global energy system
|2. Zero Hunger||Affordable energy security is a crucial part of
New Zealand's agricultural exports to the world
|3. Good Health & Wellbeing||Support for warm homes. Employee health
and well-being checks, safety focus
|4. Quality Education||Support for primary and tertiary Science Fairs in Otago and Southland.
Working with O.G. Oil & Gas to deliver scholarships
and support industry research in 2019.
|5. Gender Equality||Inclusive decision making through community engagement.
Diversity Policy, family-friendly and flexible work place focus.
Seeking Rainbow Tick
|7. Affordable & Clean Energy||Commercial opportunities to help deliver energy
to meet societies changing needs
|8. Decent Work & Economic Growth||Our values - Ethics and Transparency
Capturing Local Economic Content Policy
|12. Responsible Consumption & Production||Socially responsible production
Advocate for regulatory change to support a price
on carbon and carbon capture and storage
|13. Climate Action||Support for a price on carbon
Corporate office emissions reductions and offsets
|16. Peace Justice & Strong Institutions||Our values - Ethics and Transparency
Materiality Matrix and Stakeholder engagement
|17. Partnerships for the Goals||Promote industry sustainability reporting, and
industry use of SDGs and IPIECA material
Local Content Policy
Capturing Local Economic Benefit Policy
At New Zealand Oil & Gas we are committed to working hard to promote local content and capture the economic value our operations and business generates at a local, regional and national level. Typically benefits include the ability for local enterprise to participate in commercial opportunities presented by our business and by the wider industry, and for communities to build enduring value.
We aim to take a long term and sustainable approach to working with local communities throughout the lifecycle of our operations.
To actively promote and encourage our partners to promote opportunities for economic benefits to be realised locally and regionally (as well as nationally).
To actively promote local content and capture local benefits New Zealand Oil & Gas will:
- Study opportunities for the wider community to participate commercially in economic development associated with our projects, in order to identify opportunities early (such as the regional economic impact study for the development of the Barque prospects).
- Produce a Local Content Plan for all significant projects we are involved with.
- Work with our local communities, including Iwi, using our business expertise in e.g. HSSE, engagement, international business processes, to help them to compete on a commercial basis.
- Look for and secure opportunities to improve entry to our industry for people from more broad and diverse backgrounds, including women and people from cultural and social backgrounds that are under-represented in the industry.
- Support Pepanz, the industry body, in its role as advocate for allocation of petroleum royalties to an investment fund with a long-term and intergenerational focus, to be held for the good of future generations.
- Accurately report progress against this policy, record and learn from initiatives and industry best practice on capturing local benefit, to ensure continuous improvement. KPIs would be developed to suit each project, and would include qualitative and quantitative metrics using IPIECA criteria. Reporting would be included in the company’s Annual and Sustainability reports.
- Communicate openly with government agencies and the public on local content and economic benefit issues which relate to the company’s operations.
- Strive to meet community expectations by listening to and addressing concerns relating to local content and economic benefits.
- Strive to adopt a solutions-focussed and collaborative style of engaging with local business and wider community to enable entry to a new industry. • Ensure our commitments and obligations relating to governance, transparency, accountability and commercial integrity are maintained at all times.
The CEO of New Zealand Oil & Gas is accountable to the New Zealand Oil & Gas Board of Directors for ensuring this policy is implemented, reviewed regularly and updated as required. Responsibility for the application of this policy applies to all employees, contractors and joint venturers engaged in activities under New Zealand Oil & Gas’ operational control. New Zealand Oil & Gas managers are responsible for promoting the policy in non- operated joint ventures.