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The IPTC Sustainability Excellence Award recognises the outstanding efforts and impacts of companies in the upstream oil and gas industry, in innovating, adopting, and promoting key aspects of sustainable energy development at scale. To be eligible for nomination and consideration by the Awards Committee, a company, organisation, or institution shall have made a distinguished achievement in, or contribution to, the field of societal value, health and safety, and sustainability/low carbon technologies in the petroleum industry, with a minimum capital investment of USD 100 million. This award also celebrates initiatives that prioritise the well-being of people and communities, demonstrating a commitment to human-centered energy sustainability.  The award will encompass:

Environmental Impact (40%)

Can include new technologies, innovations or processes that:
  • Reduce GHG emissions
  • Water conservation/management
  • Waste management
  • Eliminate/minimise impact on the local land or marine environment or improve on it

Societal Value (30%)

  • Direct positive impact on the local society/community
  • Development of new SMEs
  • Jobs, training/people development
  • Positively diversity the economy
  • Diversity, Equity & Inlusion (DEI)

Health and Safety (30%)

Can include new technologies, innovations or processes that:

  • Improve safety/reduce industrial incidents or injuries
  • Reduce accidents - vehicle, environmental or otherwise
  • Reduce/prevent hazards
  • Improve health and wellbeing of staff

There are no limitations regarding the location of the company or an institution to be nominated.  The terms company, organisation and institution shall include any size or type of commercial organisation, governmental agency, educational or research institution, or professional or technical organisation.