Although both the IPIECA, API and OGP Guidance and the OGSS have similar emphasis on issues of importance to the sector, the structure of each is different:

• IPIECA sets out five reporting principles, which are aligned but less detailed than GRI’s nine reporting Principles.
• IPIECA’s 'six step reporting process' is higher level and more general and flexible compared to GRI’s more specific and defined set of 'Standard Disclosures'.
• Materiality is a reporting principle in the GRI Guidelines and a step of the reporting process for IPIECA. Both use similar guidance and place emphasis on the importance of materiality in determining report content.
• The GRI Guidelines have separate ‘Disclosure on Management Approach’ and a very specific, defined set of performance Indicator Protocols. IPIECA's indicators are broader, containing a set of ‘reporting elements’ that usually combine management approach with recommendations to report specific quantitative data or qualitative information.
• The GRI Guidelines often focus on disclosure of quantitative measures of performance, whereas IPIECA provides multiple reporting options, which are often qualitative, and technically defined when quantitative.
• The OGSS explicitly requests financial and related information (e.g. oil and gas reserves). IPIECA does not provide guidance on how to include financial information that is already provided as standard practice in oil and gas company annual reports. Instead IPIECA suggests that this information is included or linked to when required.

Downloads

GRI Oil and Gas Sector Supplement

Oil and Gas Summary Guide & Quick Reference Sheet

GRI 3.1 & OGSS mapped to IPIECA, API and OGP Guidance

IPIECA, API and OGP Guidance mapped to GRI 3.1 & OGSS

About The Global Reporting Initiative (GRI)

GRI produces a comprehensive Sustainability Reporting Framework that is widely used around the world, to enable greater organizational transparency. The Framework, including the Reporting Guidelines, sets out the Principles and Indicators organizations can use to report their economic, environmental, and social performance. GRI is committed to continuously improving and increasing the use of the Guidelines, which are freely available to the public.

GRI, a multi-stakeholder foundation, was set up in the US in 1997 by CERES and the United Nations Environment Program (UNEP). In 2002, GRI moved its central office to Amsterdam, where the Secretariat is currently located. GRI has regional ‘Focal Points’ in Australia, Brazil, China, India and the USA, and a worldwide network of 30,000 people.