IPIECA [International Petroleum Industry Environmental Conservation Association], API [American Petroleum Institute] and OGP [International Association of Oil & Gas Producers] jointly published the second edition of the Oil and gas industry guidance on voluntary sustainability reporting...[T]he Guidance is designed as a ‘stand-alone’ reference tool...it is designed to provide flexibility to meet the reporting needs of a variety of organizations...[it] captures industry consensus on the material sustainability issues faced by oil and gas companies, accompanied by appropriate indicators and reporting elements...[it] shares oil and gas industry-specific good practice...the [Independent Stakeholder] Panel singled out some shortcomings. These include limited emphasis on the need…to report on actions taken to reconcile the twin challenges of energy security and climate change…[Refers to: BP, Eni, Hess, Petrobras, Shell, Statoil]