Sustainability
We are committed to responsible production practices and ethical business conduct
Our approach
We strive to be known as an energy company that is committed to responsible production practices and ethical business conduct. We recognize that our success hinges on the involvement of people, whether they are our own team members or the communities we work alongside. We take pride in being guided by a dedicated group of individuals who share our commitment to sustainability.
We are dedicated to reducing emissions and doing our part to contribute to the sustainable development of the countries in which we operate. By prioritizing sustainability and focusing on reducing our environmental impact, we are confident that IPC can make a positive impact on the world while continuing to provide for its energy needs and deliver value to our shareholders.
IPC’s Vision & Values
Our vision
We are an entrepreneurial value-driven team bringing energy to the world in a sustainable way.
Our focus
Focusing on what we do best and continually improving
Our people
Establishing a collaborative culture of enthusiastic and skilled people where creative thinking and innovation are encouraged
Our standards
Being a safe and environmentally-responsible operator with high integrity standards
Our culture
Fostering a culture of respect, diversity and inclusion recognizing employees are integral to our success
Our engagement
Building trust and confidence in IPC’s contribution to global sustainable economic development
We aspire to deliver energy to meet societal needs, do no harm to people and the environment, and contribute positively to society.
We aim to do this by responsibly developing our assets in a manner that minimizes adverse impacts to the environment, while supporting the economic and social well-being of our stakeholders and the communities in which we work. For us at IPC, shared economic value is comprised of social purpose infused with profitable growth for our business.
This philosophy represents the foundation of our sustainability framework. Tremendous value is placed on having an open dialogue regarding sustainability priorities and practices with IPC stakeholders, including but not limited to our staff, local communities, shareholders and government organizations.
While we recognise the importance of all ESG aspects, we focus our efforts on those that are most material to our Company’s activities and geographical presence.
Frameworks & partnerships
IPC is committed to reporting in alignment with globally recognized frameworks and staying informed of their latest updates and changes. As such, we align with the GRI Universal Standards 2021 and the GRI 11: Oil and Gas Sector 2021 standards for our 2023 Sustainability Report. In addition, IPC is participant to the UN Global Compact and committed to upholding the 10 Principles of the UN Global Compact on human rights, labour, environment and anti-corruption.
We also participate in the Canadian and Swiss UN Global Compact Local Networks and take part in various programs such as the Young SDG Innovator Program. Our Sustainability approach is aligned with the Sustainable Development Goals (SDG).
Our unique relationship with the Lundin Foundation provides us with direct access to a network of ESG, sustainability and reporting subject matter experts. The Foundation is connected to a global community committed to knowledge sharing, collaboration and elevating best practices and we are able to leverage this relationship to develop and implement our renewed sustainability strategy.
IPC has also partnered with First Climate, one of the world’s leading providers of climate protection solutions, and currently is engaging in multiple offset projects.
Sustainability Reporting & Disclosures
IPC’s annual sustainability disclosures align with the Global Reporting Initiatives (GRI), the Task Force on Climate-related Financial Disclosures (TCFD) and the International Petroleum Industry Environmental Conservation Association (IPIECA). As such, we have chosen to present our sustainability reporting across multiple platforms in order to streamline the information for reader consumption:
ESG at IPC
