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Extractive Industries Initiatives Database

Search for an Initiative » Energy for Society

Title
Energy for Society
Lead Organization Name
World Economic Forum
Type
  • Standards
  • Good Practice
  • Capacity Building
Sector
  • Oil
  • Gas
Lead by
  • Industry
Goal/Objective

The purpose of the initiative is to restore trust between the energy industry and society at large. The aim is to focus the energy industry
around a set of principles to foster open and transparent communication, thereby increasing understanding and collaborative action, as well
as ensuring and accelerating the continuous improvement of the energy industry’s operations. The ultimate goal is to develop a sustainable
industry that will meet the world’s growing energy needs and continue to improve global living standards, while encouraging decisive
leadership to address increasing stresses on the planet.

Value Chain Focus
  • Sector Organisation and Institutions
    • - National Resource Companies
    • - Transparency and accountability in sector organizations and institutions
Have a mix of stakeholders such as public, private and civil society sectors contributed to the design of the initiative?
Yes
Geographical Focus
  • Global
In-country work
No
Who is it for?
industrial extractives companies, small-scale extractives companies, local civil society, international civil society, communities
How does the initiative try to reach its objective?

– Increased understanding between the energy industry and society
– Sharing and raising best practice on how the initiative’s set of principles might be implemented in practice
– Improved trust between the energy industry and society