Methodology for Assessing the Disclosure Quality of Corporate Social and Environmental Responsibility Information

2017 ◽  
Vol 2017 (2) ◽  
pp. 3-21
Author(s):  
Anastasiya Kornilova ◽  
Sergey Nikonorov
Keyword(s):  
Information Disclosure ◽  
Oil And Gas ◽  
Practical Significance ◽  
Annual Reports ◽  
The Arctic ◽  
Environmental Responsibility ◽  
Disclosure Quality ◽  
Corporate Social ◽  
Oil And Gas Companies

The subject of this study is corporate social and environmental responsibility. The object is the assessment of responsibility information disclosure quality based on the methodology developed by the authors and responsibility model. Analysis of the disclosure quality is based on data from public sources — annual nonfinancial reports of companies. This study shows examples of assessment methodology application for six Russian oil and gas companies — «Gazprom Neft», «Lukoil», «Rosneft», «Zarubezhneft», «Surgutneftegaz» and «Novatek» — based on their 2014 annual reports. The purpose of the research is to present a methodology for assessing the information disclosure quality in companies’ public sources of information about their social and environmental responsibility practices. The main results of the study is to present the methodology with practical examples of its use. The uniqueness of the study lies in the fact that the methodology is based on indicators of the Model of corporate social and environmental responsibility which is developed by the authors’. The practical significance of the study is determined by the possibility to apply the developed methodology for assessing the disclosure quality of social and environmental responsibility for companies from other sectors and based in other countries. Study the disclosure of social and environmental responsibility in the companies’ annual reports is part of a larger study of environmental and social responsibility of Russian oil and gas companies that have their projects in the Arctic region.

Review of Projects for the Implementation of Innovative Industrial Safety Technologies in Foreign Oil and Gas Companies

2021 ◽  
pp. 30-42
Author(s):  
Denis Siutin ◽  
Svetlana Kutsenko
Keyword(s):  
Oil And Gas ◽  
Industrial Safety ◽  
Practical Significance ◽  
Annual Reports ◽  
British Petroleum ◽  
Innovative Technologies ◽  
Current Trends ◽  
Royal Dutch Shell ◽  
Industrial Injuries ◽  
Oil And Gas Companies

The introduction of innovative technologies to ensure industrial safety in oil and gas companies is aimed at reducing the number of accidents, industrial injuries, incidents and occupational diseases in the implementation of both main and auxiliary activities. The article presents the results of a study of innovative projects to ensure industrial safety on the example of foreign oil and gas companies: Royal Dutch Shell (Shell), ExxonMobil, British Petroleum (BP), Total, Chevron, Eni, Equinor, Sinopec, PetroChina, CNOOC, Petrobras, Saudi Aramco, Hydro, PVDSA. The directions and current trends in the development of innovative technologies in the field of industrial safety (labor protection, industrial safety, fire safety, road safety, environmental protection) for the period 2016-2020 are summarized. The research methodology is based on the analysis of information from open sources, including annual reports of companies and reports on sustainable development. The results obtained have theoretical and practical significance for oil and gas of the Russian Federation, state executive authorities.

scholarly journals The quality of environmental disclosure in various reporting media of oil and gas companies in developing countries

2016 ◽  
Vol 14 (1) ◽  
pp. 203-218 ◽  
Author(s):  
Abdullah Hamoud Ismail ◽  
Azhar Abdul Rahman
Keyword(s):  
Developing Countries ◽  
Oil And Gas ◽  
Public Awareness ◽  
Annual Reports ◽  
Environmental Reporting ◽  
Environmental Disclosure ◽  
Corporate Managers ◽  
Corporate Environmental Reporting ◽  
Oil And Gas Companies

Corporate environmental reporting (CER) plays important role due to the increase in public awareness of environmental issues. Hence, to be beneficial, corporate managers should not merely display CER information but rather emphasize on the quality of information disclosed. The quality of CER can be seen as a key value for companies and many benefits could be provided if companies released high quality environmental information. Prior environmental disclosure literature has not focused much on disclosure quality; instead, it concentrated on the quantity of disclosure. In addition, most of the few studies that focused on quality of environmental disclosure have revealed low level of quality of such disclosure. Therefore, this study aims to investigate the quality of environmental disclosure in different reporting mediums by oil and gas companies in developing countries. Using content analysis, an index and scoring scheme were applied to the annual reports, stand-alone reports and corporate homepages of a sample of 116 oil and gas companies in 19 developing countries. The results of this study reveal that the quality of the environmental disclosure of the sample companies is relatively high compared to previous studies. This study has important implications in enhancing the understanding of environmental disclosure practices of oil and gas companies in developing countries.

scholarly journals Ecological rating as an indicator of geoenvironmental risk management of Russian oil and gas companies in the Arctic

2019 ◽  
Vol 16 (2) ◽  
pp. 58-69 ◽  
Author(s):  
O. P. Trubitsina ◽  
V. N. Bashkin
Keyword(s):  
Oil And Gas ◽  
Arctic Region ◽  
Oil And Gas Industry ◽  
The Arctic ◽  
Management Model ◽  
Environmental Responsibility ◽  
Gas Industry ◽  
Foreign Investors ◽  
Oil And Gas Companies ◽  
The Arctic Region

The article is devoted to the issues of environmental ratings as an indicators of the process of geoenvironmental risk (GER) management of Russian oil and gas companies, operating in theArctic. The authors demonstrate the algorithm of GER management model processes and reveal the need to use environmental ratings for the oil and gas industry. Particular attention is given to the issues of rating results of Environmental Responsibility of Oil and Gas companies in Russia that was held in 2014—2017 years. It was conducted by the cooperative initiative by CREON Group and WWF Russia with participation of National Rating Agency. The authors have selected from all Russian oil and gas companies only those who operating in the Arctic region and they have analyzed them. The rating's results show that the leaders are companies whose management pays special attention to gas. They are Sakhalin Energy (Sakhalin-2), Gazprom and Zarubezhneft. The authors point out that the environmental rating of Russian oil and gas companies can serve as an indicator of GER management, as a tool to inform foreign investors about the environmental impact to ensure the ecological safety of the region.

Analyzing the figures of consolidated statement of cash flows of the world's biggest publicly traded oil and gas corporations

2020 ◽  
Vol 19 (6) ◽  
pp. 1101-1120
Author(s):  
O.V. Shimko
Keyword(s):  
Public Sector ◽  
Cash Flow ◽  
Oil And Gas ◽  
Cash Flows ◽  
Annual Reports ◽  
Capital Expenditures ◽  
Publicly Traded ◽  
The Public ◽  
Statement Of Cash Flows ◽  
Oil And Gas Companies

Subject. The article investigates key figures disclosed in consolidated cash flow statements of 25 leading publicly traded oil and gas companies from 2006 to 2018. Objectives. The focus is on determining the current level of values of the main components of consolidated statement of cash flows prepared by leading publicly traded oil and gas companies, identifying key trends within the studied period and factors that led to any transformation. Methods. The study draws on methods of comparative and financial-economic analysis, as well as generalization of materials of consolidated cash flow statements. Results. The comprehensive analysis of annual reports of 25 oil and gas companies enabled to determine changes in the key figures and their relation in the structure of consolidated cash flow statements in the public sector of the industry. It also established main factors that contributed to the changes. Conclusions. In the period under study, I revealed an increase in cash from operating activities; established that capital expenditures in the public sector of the industry show an overall upward trend and depend on the level of oil prices. The analysis demonstrated that even integrated companies’ upstream segment prevail in the capital expenditures structure. The study also unveiled an increase in dividend payments, which, most of the time, exceeded free cash flows thus increasing the debt burden.

Analyzing the liquidity ratios of the world's leading public oil and gas corporations

2020 ◽  
Vol 26 (7) ◽  
pp. 1571-1589 ◽  
Author(s):  
O.V. Shimko
Keyword(s):  
Public Sector ◽  
Oil And Gas ◽  
Comprehensive Analysis ◽  
Annual Reports ◽  
Main Factors ◽  
Economic Analyses ◽  
Oil And Gas Companies

Subject. This article explores the key liquidity figures of the twenty five largest public oil and gas companies between 2006 and 2018. Objectives. The article aims to determine the current values of the key liquidity figures of the largest public oil and gas companies, identify key trends in their changes within the study period, and identify the factors that have caused these changes. Methods. For the study, I used comparative, and financial and economic analyses, and generalization. Results. Based on a comprehensive analysis of the twenty five oil and gas companies' annual reports, the article identifies trends in the changes in the key liquidity indexes in the industry's public sector, and establishes the main factors that affected these changes. Conclusions and Relevance. The largest public oil and gas companies are able to maintain their own liquidity in times of crisis, even. The industry pays the most attention to increasing the instant liquidity ratios. The results of the study can be used to evaluate, forecast, and develop measures to enhance the liquidity of public oil and gas companies.

To the issue of application of thermoplastic reinforced pipes for the construction of oil and gas pipelines in the Arctic

2020 ◽  
pp. 88-99
Author(s):  
A. A. Tolmachev ◽  
V. A. Ivanov ◽  
T. G. Ponomareva
Keyword(s):  
Oil And Gas ◽  
The Arctic ◽  
Labor Costs ◽  
Hydrocarbon Production ◽  
Environmental Disasters ◽  
The North ◽  
Reinforcing Fibers ◽  
Wear And Tear ◽  
Oil And Gas Companies ◽  
Reinforcing Layer

Ensuring the safety of oil and gas facilities and increasing their facility life are today one of the most important tasks. Emergencies related to rupture and damage of steel pipelines because of their wear and tear and external factors are still the most frequent cases of emergencies during the transportation of hydrocarbons. To expand the fuel and energy complex in the north, in the direction of the Arctic, alternative types of pipelines are needed that solve the problems of reducing energy and labor costs in oil and gas companies, reducing the risk of environmental disasters and depressurization of pipelines during hydrocarbon production. Fiber-reinforced thermoplastic pipes can be such an alternative. This article is devoted to a comparative analysis of the materials of a composite system consisting of a thermoplastic pipe (inner layer) and reinforcing fibers (outer layer); we are discussing the design of the structural system consisting of polyethylene (inner layer) and aramid fibers (outer reinforcing layer).

Responding to “Discrediting” Events: Annual Report Disclosure Responses to Environmental Fines

2002 ◽  
Vol 2 (1) ◽  
pp. 22-40 ◽  
Author(s):  
Hussein Warsame ◽  
Cynthia V. Simmons ◽  
Dean Neu
Keyword(s):  
Impression Management ◽  
Annual Report ◽  
Annual Reports ◽  
Matched Pair ◽  
Disclosure Quality ◽  
Publicly Traded ◽  
Environmental Disclosure ◽  
Environmental Disclosures ◽  
Disclosure Responses

In this study we consider how a discrediting event such as an environmental fine influences the quality of environmental disclosures in subsequent annual reports. Starting from prior work in the areas of impression management along with environmental and social responsibility disclosures, we propose that environmental disclosures provide organizations with a method of “managing” such discrediting events. Using a matched-pair sample of publicly traded Canadian companies that have been subject to environmental fines and those that have not; we analyze changes in pre-fine and post-fine environmental disclosure quality. After controlling for firm-specific characteristics, the provided results are consistent with this explanation.

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