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GRI 11: Oil and Gas 2021
Frequently Asked Questions (FAQs)

GRI 11: Oil and Gas 2021 is the first GRI Sector Standard released. Sector Standards have been
introduced to the GRI Standards as part of the revised Universal Standards, know as Universal
Standards 2021.
FAQs on the the Universal Standards 2021, the updated system of GRI Standards, and how to use
Sector Standards are available here.

© GRI 2021

What was the process to develop GRI 11?
The development process of GRI 11: Oil and Gas Sector 2021 was overseen by the Global
Sustainability Standards Board (GSSB), GRI’s independent standard setting body, following the Due
Process Protocol.
The Standard was developed in the public interest through a transparent and inclusive process. A
multi-stakeholder working group developed the content with expertise in the oil and gas sector, withregard to authoritative intergovernmental instruments and widely held expectations of organizations
relating to social, environmental, and economic responsibilities.
Between July and October 2020, an exposure draft of the Standard was made available for publiccomment. Almost 60 submissions were received from organizations across business, investment
institutions, civil society, labor, and mediating institutions. For more information about thedevelopment process of GRI 11, please visit the project page.

If I am still using the Universal Standards 2016, am I required to use
GRI 11?
The GRI Sector Standards are an addition to the updated system of GRI Standards. This means thatthe requirement to use the Sector Standards is only included in the Universal Standards 2021
(released in 2021). These will be effective for information published on or after 1 January 2023.
GRI 11: Oil and Gas Sector 2021 has the same effective date, which means its usage is required byoil and gas companies from that date onwards. Effective dates for future Sector Standards are yet tobe determined.

When will GRI 11 come into effect?
GRI 11: Oil and Gas Sector 2021 will be effective for information published on or after 1 January
2023. This means that its use will be required from that date onwards, though earlier adoption isencouraged.

To what organizations does GRI 11 apply?
GRI 11: Oil and Gas Sector 2021 applies to organizations undertaking oil and gas exploration,production, storage, transportation, and refining. It includes organizations that supply equipment andservices to oil fields and offshore platforms, such as drilling.
Different Standards will cover related sectors, such as petrochemical manufacturing and energy
utilities.
The full description of the ‘Sector this Standard applies to’ can be found on page 5 of GRI 11.

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As an oil and gas organization, do I need to use any GRI Standards
other than GRI 11?
The GRI Standards are structured as a system of interrelated standards organized into three series:
GRI Universal Standards, GRI Sector Standards, and GRI Topic Standards.
An oil and gas organization reporting in accordance with the GRI Standards will use all three series intheir reporting.
The Universal Standards 2021 apply to all organizations and comprise three Standards: GRI 1:
Foundation 2021, GRI 2: General Disclosures 2021, and GRI 3: Material Topics 2021. The Universal
Standards guide reporters on how to report with the GRI Standards, and they contain requirements
and reporting principles that all organizations must comply with to report in accordance with the GRIStandards.
GRI 11: Oil and Gas Sector 2021 outlines the topics that are likely to be material for oil and gasorganizations and lists disclosures relevant to the topic. These disclosures come from the GRI Topic
Standards, or in some cases, based on other sources.
When a disclosure from a Topic Standard is listed, the organization needs to go to the relevant Topic
Standard for the content of the disclosure, including requirements, recommendations, and guidance.

Why has oil and gas been separated from coal?
A multi-stakeholder working group was originally established to develop an Oil, Gas, and Coal Sector
Standard. These sectors share key characteristics as producers of energy, which is an essential
societal need, and through their impacts on areas such as climate change, communities, financialtransparency, and the environment.
The Global Sustainability Standards Board (GSSB) received three stakeholder submissions from theoil and gas sector, raising concerns about addressing oil, gas, and coal in one GRI Sector Standard.
The majority of working group members were also of the opinion that addressing oil, gas, and coal ina single Sector Standard would impede its uptake. Feedback collected during external engagement
largely reflected the input of the working group.
Therefore, the GSSB decided to separate the oil and gas content from the coal content in light ofthese concerns. A separate Sector Standard for coal is being developed and expected to be
published in the first quarter of 2022.

Does GRI 11 align with other relevant instruments and guidance for
the Oil and Gas sector?
GRI 11: Oil and Gas Sector 2021 describes topics identified as likely material for organizations in theoil and gas sector, based on the sector's significant impacts on the economy, environment, andpeople. These impacts have been identified based on available evidence, authoritative international
instruments, and expert and stakeholder input.

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This means that authoritative instruments that shape the expectations of the responsible businessconduct of the oil and gas sector also shape the content of GRI 11. For example, expectations related
to climate change established by the Paris Agreement; the right to free, prior, and informed consent
recognized in the United Nations Declaration on the Rights of Indigenous Peoples; expectations on
the use and management of security personnel established by the Voluntary Principles on Securityand Human Rights; and, even the international conventions that outline requirements ondecommissioning and removing offshore structures at the end of field life, all influence the content ofGRI 11.
Similarly, this principle extends to transparency related initiatives that are of key relevance to thesector, such as the Task Force on Climate-related Financial Disclosures and the Extractives Industry
Transparency Initiative. Where appropriate, disclosures that do not come from the GRI Topic
Standards are based on these established external instruments and frameworks. In some cases, you
may even see direct references back to them for additional guidance.

Why does GRI 11 include reporting on Scope 3 emissions eventhough the use of oil and gas is often by other sectors?
GRI 3: Material Topics 2021 clarifies that an organization should consider actual and potential
negative impacts that it causes or contributes to through its activities, as well as those directly linked
to its operations, products, or services by its business relationships.
While customers of oil and gas organizations use much of the oil and gas extracted to produce
energy, heat, and materials, there is also a firmly established stakeholder expectation thatorganizations extracting and producing oil and gas take action to reduce emissions from the use of
their products and to disclose the related GHG emissions (Scope 3 GHG emissions).
Combined, GHGs released by extracting, refining, and burning oil and gas represent 55% of allenergy-related GHG emissions and constitute the largest contribution to anthropogenic climatechange.

What’s the difference between GRI 11 and SASB’s oil and gas
standards?
The GRI Standards and SASB Standards are complementary because of the approaches they take tomateriality. The likely material topics listed in GRI 11 are based on the significant impacts the oil andgas sector has on the economy, the environment, and people, including their human rights. SASB’s
industry-specific standards identify the sustainability-related risks and opportunities most likely toaffect a company’s financial condition, operating performance, or risk profile.
Because of these different perspectives, GRI 11 identifies different disclosures than SASB’s
corresponding standards. For example, while SASB identifies reporting on direct (Scope 1) GHG
emissions as relevant for oil and gas organizations in exploration, production, midstream, refining

Page 4 of 5and marketing, GRI 11 also lists indirect (Scope 2) and other indirect (Scope 3) GHG emissions asrelevant for the reporting by the oil and gas sector.
SASB’s oil and gas standards were a valuable input into the development of GRI 11, and a SASB
representative participated as a member of the working group. Oil and gas organizations can use bothstandards simultaneously to report their sustainability impacts.
GRI and SASB published joint guidance, A Practical Guide to Sustainability Reporting Using GRI andSASB Standards, which further explores experiences of companies that use the two sets of standards
together to fulfil their reporting needs.

Is GRI 11 available in other languages?
The authoritative text of the GRI Standards is English, but we will start releasing authorizedtranslations of GRI 11: Oil and Gas Sector 2021 in key languages at the end of 2021. Please consult
the GRI Translations page or contact translations@globalreporting.org for more information on theupcoming translation schedule.

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