There are challenges to putting the TBL into practice.

These challenges include measuring each of the three

categories, finding relevant data and calculating a
project or policy's contribution to sustainability. These
challenges aside, the TBL framework allows companies
to evaluate the ramifications of their decisions from a
truly long-run perspective.

The oil and gas industry is vital to the global economy and many
national economies, including in developing and emerging
countries. This means the industry is also central to sustainable
development, as oil and gas are key pillars of the global energy
system and, as such, are drivers of economic and social
development. Janet Guyon says there is “the belief that better
social performance indicates more-responsible leadership.”

Oil and gas companies contributes in sustainability by

incorporating Sustainable Development Goals (SDGs)
practices into their corporate systems, policies and
processes..

Oil and gas companies, who have the duty to obey to the
law, respect human rights and minimize the negative
impacts of their operations. Companies can contribute to
the SDGs by understanding and selecting them, and then
aligning operations with the goals.