Question 1

Who is the SASB Oil & Gas – Refining & Marketing certification best suited for?

Accepted Answer

This standard is best suited for publicly traded or large private companies operating in oil refining, petroleum product marketing, and fuel distribution who need to communicate ESG performance to institutional investors. It is particularly valuable for sustainability officers, investor relations teams, and ESG reporting professionals seeking a recognized, sector-specific disclosure framework.

Question 2

How much does the SASB Oil & Gas – Refining & Marketing cost?

Accepted Answer

The initial cost for the SASB Oil & Gas – Refining & Marketing is $0 USD.

Question 3

What are the renewal requirements for the SASB Oil & Gas – Refining & Marketing?

Accepted Answer

SASB standards are a voluntary disclosure framework with no formal renewal or recertification cycle. Organizations are expected to update their disclosures annually in line with the current version of the standard. SASB periodically revises its standards; companies should monitor updates from the IFRS Foundation (which now oversees SASB standards) and align disclosures with any revised metrics or guidance.

Question 4

What continuing education is required for the SASB Oil & Gas – Refining & Marketing?

Accepted Answer

No formal CPE or CEU requirements are associated with SASB standards adoption. Sustainability professionals who use SASB standards as part of their practice may be able to claim relevant continuing education credits through their own professional bodies (e.g., GRI, CFA Institute), but SASB itself does not issue or require continuing education credits.

Question 5

What evidence is required for the SASB Oil & Gas – Refining & Marketing?

Accepted Answer

Organizations self-report against the defined SASB metrics for the Oil & Gas – Refining & Marketing sector, typically disclosed in annual reports, sustainability reports, or SEC filings. No mandatory third-party audit is required by SASB itself, though companies may choose to have disclosures independently assured. Documentation of data collection methodologies and internal controls is recommended to support the reported metrics.

Question 6

Who should NOT pursue the SASB Oil & Gas – Refining & Marketing?

Accepted Answer

Organizations seeking a third-party verified certification with a formal audit and public seal should look elsewhere, as SASB standards are a voluntary disclosure framework rather than a certifiable standard with independent attestation. Companies outside the oil refining and marketing value chain (e.g., upstream exploration or midstream pipeline operators) should use the appropriate sector-specific SASB standard instead.

Question 7

What are alternatives to the SASB Oil & Gas – Refining & Marketing?

Accepted Answer

Alternative certifications include: GRI Standards (Oil and Gas Sector), CDP Climate Change Disclosure, TCFD Recommendations Framework, ISO 14001 Environmental Management Systems, IPIECA Sustainability Reporting Guidance.

SASB Oil & Gas – Refining & Marketing

Key Strengths

Ideal For

Target Audiences

Relevant Roles

Industries

Alignment & Recognition

Accrediting Body

Scope

Overview

Requirements & Verification

Renewal & Compliance

Impact & Outcomes

Consider Alternatives If...

Frequently Asked Questions

Quick Facts

Cost Breakdown

How to Display This Recognition

Certification Details

Related Certifications

Sources & Citations