scholarly journals The impact of oil companies’ sustainability on environmental safety

2021 ◽  
Vol 937 (2) ◽  
pp. 022079
Author(s):  
E Markovskaya ◽  
N Nikolaishvili ◽  
P Kashperyuk
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Environmental Sustainability ◽  
Oil And Gas ◽  
Environmental Safety ◽  
Environmental Indicators ◽  
Oil Companies ◽  
Corporate Social ◽  
Oil And Gas Companies ◽  
The Impact

Abstract The pandemic has significantly worsened the situation of oil and gas companies, causing a decline in demand and prices on the global energy market. In this crisis situation, there is an urgent need to review the organizational activities of companies, within which there is an interest in studying the impact of corporate social responsibility on the sustainability of companies and their environmental safety. Despite a sufficient number of empirical works studying the impact of corporate social responsibility on environmental indicators, there are not enough works in foreign and domestic literature studying this relationship on the example of the oil and gas industry. The purpose of this work is to determine the impact of corporate social responsibility on the environmental sustainability of oil and gas companies. The object of this study is corporate social responsibility, and the subject is the impact of corporate social responsibility on the sustainability of oil and gas companies.

Determinants of Corporate Social Responsibility Disclosure in Latin American Companies

2017 ◽  
pp. 165-184 ◽  
Author(s):  
Arturo Haro-de-Rosario ◽  
María del Mar Gálvez-Rodríguez ◽  
María del Carmen Caba-Pérez
Keyword(s):  
Latin America ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Voluntary Disclosure ◽  
Global Economy ◽  
Oil And Gas ◽  
Major Influence ◽  
Oil Reserves ◽  
Corporate Social ◽  
Oil And Gas Companies

The oil and gas sector exerts a major influence on the global economy. However, its negative impact on the environment and society has provoked increasing concerns about its activities and consumption of natural resources. Therefore, and in view of the fact that Latin America has the world's largest conventional oil reserves, the aim of this paper is to analyse the voluntary disclosure of information on the corporate social responsibility (CSR) of oil and gas companies operating in Latin America, and to study the factors that may influence the provision of this information. The results obtained show that although companies in this sector are becoming more aware of the impact of their activity, greater efforts need to be made with respect to CSR. We find that the largest, most profitable oil and gas companies tend to publish the most complete CSR reports.

scholarly journals Conceptual Framework Performance Contributor from Internal Organizations of Corporate Social Responsibility Activities

2021 ◽  
Vol 2 (1) ◽  
pp. 67
Author(s):  
Gogor Arif Handiwibowo ◽  
Rini Puji Astuti ◽  
Rita Ambarwati
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Conceptual Framework ◽  
Environmental Sustainability ◽  
Business Environment ◽  
Business Organizations ◽  
Performance Factors ◽  
For Profit ◽  
Corporate Social ◽  
The Impact

In this 20th century era, the business environment is more demanding that a business organization not only have a profit orientation. However, aspects of the impact on the environment and surrounding communities must also receive adequate attention in line with the increasing quantity and quality of business organizations. The concept of sustainable development is proposed to be a concept that tries to provide a balanced effect between financial performance factors, community welfare factors and environmental sustainability factors. In balancing the three factors above, CSR (Corporate Social Responsibility) activities of business organizations are expected to be the answer to the stigma that business organizations are only looking for profit. This paper will describe several hypotheses as well as a conceptual framework of factors originating from internal business organizations that have an impact on the performance of CSR activities. There are four factors that are proposed to be a hypothesis from the internal organization that must be fulfilled so that CSR activities show their performance. The four factors are fulfilment of human resources, fulfilment of the business organization's strategic vision, fulfilment of operating system implementation, and fulfilment of the business organization's financial capability.

scholarly journals Financial and economic aspects of corporate social responsibility

2020 ◽  
Vol 89 ◽  
pp. 07002
Author(s):  
V.V. Ilyashenko
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Oil And Gas ◽  
Special Role ◽  
Financial Conditions ◽  
National Wealth ◽  
Role Of The State ◽  
Corporate Social ◽  
The Impact

The article shows the importance of corporate social responsibility (CSR) in ensuring sustainable development of the country. The types of CSR and its features in various states are considered. The author describes the economy of the Russian Federation and its impact on the system of corporate social responsibility in the country. The high profitability of resource-extractive industries and their use of the country’s national wealth defines their special role in CSR not only towards their employees through wages and the allocation of social benefits from profit, but also to the society. It is shown that the established country’s political system significantly influences the possibility of implementing a system of corporate social responsibility. The author characterizes the significant regulatory and stimulating role of the state in social development through taxation and the structure of government spending. When assessing the financial conditions of CSR, the author analyses the impact of capital outflow on its development. Corporate social responsibility also includes the responsibility of organizations to the environment. The author provides a rating assessment of Russian oil and gas, mining and metallurgical companies openness in terms of environmental responsibility.

scholarly journals Corporate Social Responsibility and Football Clubs: The Value of Environmental Sustainability as a Basis for the Rebranding of Real Betis Balompié in Spain

2021 ◽  
Vol 13 (24) ◽  
pp. 13689
Author(s):  
Gema Lobillo Mora ◽  
Xavier Ginesta ◽  
Jordi de San Eugenio Vela
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Environmental Sustainability ◽  
Football Club ◽  
Football Clubs ◽  
Green Earth ◽  
Corporate Social ◽  
Development And Environment ◽  
Holistic Vision ◽  
The Impact

On October 2020, Real Betis Balompié, a football club located in Seville (Andalucia), presented the Forever Green programme, a global programme of Corporate Social Responsibility (CSR) that, through the club’s foundation, enables the entity to position itself in areas of sustainable development and environment at a global level. This project was preceded by a sponsorship initiative with the Green Earth project, as well as having been the first football club to sign the United Nations’ Climate Change Now initiative. This article aims to explain the rebranding process of a sports brand based on values linked to sustainability and to assess the impact this rebranding process has had on the fans’ perception of the brand. The methodology used was a combination of in-depth interviews with the executives charged with leading the rebranding process and a convenience survey given to 100 fans to assess the impact of the initiative. The results show that both the entity and the fans agree on a holistic vision of what the CSR is, altruistic in nature, and that its initiatives should be applicable across the entire organisation. However, although the club’s link with values of the environment and sustainability is highly valued by the fans, they still do not feel directly called upon to take part in actions that the club organises.

scholarly journals Implementasi CSR Perusahaan MIGAS dalam pelayanan kesejahteraan Masyarakat di Tuban (study implementasi CSR Joint Operating Body Pertamina Petrochina East Java)

ASKETIK ◽  
2019 ◽  
Vol 3 (1) ◽  
pp. 77-90
Author(s):  
Muhammad Miftahul Huda
Keyword(s):  
Corporate Social Responsibility ◽  
Community Development ◽  
Social Responsibility ◽  
Oil And Gas ◽  
Good Practice ◽  
Resource Curse ◽  
Voluntary Action ◽  
Community Needs ◽  
Corporate Social ◽  
The Impact

This paper is a result of research study about the impact of Corporate Social Responsibility (CSR) of oil and gas company in social welfare. This research specifically focus on communities in five villages around an oil and gas Joint Operating Body managed by Pertamina and Petrochina of East Java operating in Tuban Regency, East Java Province. The company performed CSR as required by Law No.22 Year 2001 on Oil and Gas which further elaborated by Special Task Force for Upstream Oil and Gas Business Activities' (SKK Migas) Regulation No. 017/PTK/III/2005 on Guidelines for Community Development. The research method is a qualitative and descriptive. The research found that the company's CSR implemented four programs which do not led to a good practice of community development. Many programs implemented did not align with community needs, lacking of transparency – which then led to misuse of fund, and no impact on affected communities' welfare. Poverty in natural resource rich area is a common phenomena known as as the 'resource course'. It is called a 'curse' as the natural resources were supposed to be a blessing for a prosper and prosperous community. However, the opposite is often happen. This resource curse is believed can be solved by many things, in which one of them, is the company's role through Corporate Social Responsibility (CSR). In order for CSR programs to work well, align with community needs and have a sustainable impact, then the management of CSR becomes an important thing to be pushed. Transparency and accountability of CSR programs are crucial points which required to be monitored by stakeholders. CSR is not a charity based on voluntary action, but an obligation that is the responsibility of the company as good mining practices.

scholarly journals Implementation of Corporate Social Responsibility by Oil Companies in the Niger Delta Region of Nigeria: Myth or Reality

2020 ◽  
Vol 14 (1) ◽  
pp. 119-132
Author(s):  
Onyeka Festus Mbalisi ◽  
Christiana Uzoaru Okorie
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Niger Delta ◽  
Oil And Gas ◽  
Social Economic ◽  
Delta Region ◽  
Oil Companies ◽  
Niger Delta Region ◽  
The People ◽  
Corporate Social

Niger Delta region of Nigeria is a home to many multinational oil companies with different packages of corporate social responsibility (CSR) because of its huge natural resource reserve especially of oil and gas. The CSR packages are designed to address social, economic and environmental concerns of the indigenes of the Niger Delta region, arising from the oil and gas operations of the multinational oil companies. The operational activities of the oil companies over the years have led to the degradation of the Niger Delta environment with consequent loss of livelihood sources, thereby triggering protests and other violent activities in the region. The paper identified and analysed the indices of the components of the CSR (social, economic and environmental components) packages using results-based management framework to determine the impacts of the CSR projects and programmes on the people. The analysis revealed that multinational oil companies release funds from a philanthropic perspective for the execution of some social development projects/programmes, but these projects/programmes do not address the welfare and livelihood needs of the people. This means that the multinational oil companies operating in the region create an illusion of compliance with social development and responsibility rules. The paper linked these unfortunate situations (environmental degradation, insecurity, poverty, unemployment, etc) found in the region today to failure of CSR implementation due to corruption, insincerity and philanthropic approach of the oil companies and regard it as injustice to the people of Niger Delta. It therefore concluded that CSR implementation in the Niger Delta region of Nigeria is a myth and as a result recommended that Multinational oil companies should therefore incorporate the people of the Niger Delta into the oil economy by enlisting household heads into the payroll system of the multinational oil companies as well as engage sincerely in projects that will lead to the development of the region, if protests and other violent activities in the region must stop. Key Words: Implementation, Corporate social responsibility, Environmental Resources, Niger Delta, Multinational Oil Companies

Empowerment of rural young people in informal farm entrepreneurship: the role of corporate social responsibility in Nigeria’s oil producing communities

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Joseph Ikechukwu Uduji ◽  
Elda Nduka Okolo-Obasi
Keyword(s):  
Corporate Social Responsibility ◽  
Rural Communities ◽  
Young People ◽  
Social Responsibility ◽  
Sub Saharan Africa ◽  
Cross Sectional ◽  
Content Type ◽  
Oil Companies ◽  
Corporate Social ◽  
The Impact

Purpose The purpose of this paper is to critically examine the corporate social responsibility (CSR) initiatives of multinational oil companies in Nigeria. Its main focus is to investigate the impact of the global memorandum of understanding (GMoU) on equipping rural young people with essential farming skills and knowledge for the adoption and application of modern agricultural inputs in the Niger Delta region. Design/methodology/approach This paper adopts a survey research technique, aimed at gathering information from a representative sample of the population, as it is essentially cross-sectional, describing and interpreting the current situation. A total of 800 rural young people were sampled across the oil producing region. Findings The results from the use of combined propensity score matching and logit model indicate that the GMoU model has a significant impact on the development of informal farm entrepreneurship generally, but somewhat undermined rural young people in the targeted agricultural clusters. Practical implications This suggests that youth-specific CSR farm projects can be effective in providing young people with the extra push needed to tackle the knowledge gap and poor agronomic that erect the below-per yield and lack of competitiveness of small-holder farmers in the region. Social implications It implies that a coherent and integrated CSR response from the business would be necessary to unlock investment opportunities on young people in farms for agricultural competitiveness and food security in Africa. Originality/value This study adds to the literature on informal farm entrepreneurship and rural communities’ debate in sub-Saharan Africa. It concludes that business has obligation to help in solving problems of youth unemployment in developing countries.

Corporate Social Responsibility: Interventions of Oil and Gas Central Public Sector Enterprises in India

Think India ◽  
2013 ◽  
Vol 16 (3) ◽  
pp. 1-9 ◽  
Author(s):  
R. K. Mishra ◽  
Punam Singh ◽  
Shulagna Sarkar
Keyword(s):  
Corporate Social Responsibility ◽  
Public Sector ◽  
Environmental Sustainability ◽  
Oil And Gas ◽  
Secondary Data ◽  
Exploratory Research ◽  
Environmental Interventions ◽  
Corporate Social ◽  
Oil And Gas Companies ◽  
Oil And Gas Sector

Oil and gas companies have immensely contributed to India’s growth. Considering the nature of operation, there is a growing need for research in the area of CSR initiatives of these companies to commensurate the damages caused by them to environment, people and other stakeholders. The paper provides a platform to explain the various guidelines on CSR applicable to oil and gas public sector enterprises in India and intends to elaborate the need for CSR practises by oil and gas sector. The study is an exploratory research based on secondary data collected from seven major oil and gas sector companies in India to identify the various social and environmental interventions undertaken as CSR. The paper acts as a framework for further researches on assessment of the CSR impact of oil and gas companies in India for environmental sustainability and social upliftment. The paper identifies the future thrust areas of CSR and elaborates the need for collective sectoral effort in initiating CSR activities.

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