Understanding the Application of Sustainable Development Goals in Oil and Gas Business Activities
Udi Syahnoedi Hamzah
Universitas Trisakti
Abstract
The oil and gas industry is the center of the global economy and many national economies, including in developing and developing countries. This is also important for sustainable development, because oil and gas are the main pillars of the global energy system and, as such, are drivers of economic and social development. By mapping the linkages between the oil and gas industry and the Sustainable Development Goals (SDGs), the aim of this study is to encourage oil and gas companies to further incorporate relevant SDGs into their businesses and operations, validate their current efforts and trigger ideas. Oil and gas business activities that are in line with the sustainable development agenda can lead to greater efficiency, cost savings and competitiveness, and increase social permits to operate. The methodology carried out is the study of literature and practical experience in managing health, safety and environmental aspects in oil and gas business activities. Results of this study is to increase understanding of the relationship between SDGs and oil and gas business activities. Conclusion of this study is to emphasize that the oil and gas industry has the potential to contribute to the 17 SDGs.
Keywords: sustainable development goal; oil and gas; economic and social development.
Topic: Environmental Engineering