Developed in partnership with Ipieca, this guidance presents the first oil and gas specific set of circularity indicators, bringing together elements from a number of existing circular economy (CE) frameworks and providing qualitative and quantitative CE indicators to enable oil and gas companies to measure the circularity of their assets and material in/out flows.

Through aligning the industry’s understanding of CE and providing a general approach to measuring circularity, the guidance ensures adherence to environmental standards, encourages innovation and fosters collaboration.

Increasing the circularity of their production processes and products can support oil and gas companies to produce the energy the world needs, while reducing impacts on natural resources and biodiversity, and cutting emissions.

As well as providing climate, environmental and social benefits, CE helps builds long-term resilience and generates business and economic opportunities.

This report helps oil and gas industry CE SMEs, waste professionals and corporate sustainability units to:

• Improve understanding of the various CE frameworks available
• Develop a CE strategy
• Improve their companies’ CE performance
• Measure, assess, report and steer on circularity