Determinants of Corporate Social Responsibility Disclosure in Latin American Companies

2019 ◽  
pp. 1499-1518
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.

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 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.

scholarly journals Kritik Implentasi Corporate Social Responsibility Pada Perusahaan Minyak Dan Gas Perspektif Maqasid Al-Syari’ah

2020 ◽  
Vol 2 (2) ◽  
pp. 158-181
Author(s):  
Joko Hadi Purnomo
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Oil And Gas ◽  
Public Confidence ◽  
Community Ownership ◽  
Main Components ◽  
Multi Stakeholder ◽  
Corporate Social Responsibility Implementation ◽  
Corporate Social ◽  
Oil And Gas Companies

Corporate Social Responsibility is an interesting topic, since various theories are used as a basis for implementing it. Oil and Gas Company is one of the entities that practice Corporate Social Responsibility. The Corporate Social Responsibility implementation in oil and gas companies is oriented to their own interests in achieving the optimal profits. Oil and gas as one of the natural resources included in community ownership cannot be owned absolutely by anyone, including individuals, groups and even countries. The method used was a critical review of the Corporate Social Responsibility implementation in oil and gas companies. The results showed that the Corporate Social Responsibility implementation of oil and gas companies referred to the theory of shareholders oriented to the interests of shareholders. Corporate Social Responsibility implementation was only used to build a company’s reputation, so that the company would get increasing profits. The Corporate Social Responsibility implementation of oil and gas companies which referred to the theory of stakeholders was only oriented towards building public confidence that the company was sincere in carrying out Corporate Social Responsibility projects, but basically its expectations were on the company’s reputation. In addition, the involvement of stakeholders was not given room to make decisions about Corporate Social Responsibility implementation. Corporate Social Responsibility in the perspective of maqasid al-syari’ah must fulfill 4 (four) main components, consisting of maqasid al-syari’ah compliance, formation of a multi-stakeholder body, establishment of a Sharia Board, and fulfillment of sharia compliance. Keywords: Corporate Social Responsibility, Oil and Gas Companies, Maqasid Al-Syari’ah

scholarly journals Sustaining the Oil and Gas Industry through corporate social responsibility practices by multinational oil and gas companies in emerging economies.

2021 ◽  
Author(s):  
Ama Twumwaa Gyane ◽  
Edward Kweku Nunoo ◽  
Shafic Suleman
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Emerging Economies ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Data Set ◽  
Key Aspects ◽  
Corporate Social ◽  
Oil And Gas Companies

Abstract The objective of this study was to provide empirical evidence from the perspective of corporate social responsibility practices by multinational oil and gas companies in emerging economies on how investments in and disclosure of this practice could enhance financial sustainability. Accounting-based measures on investments, financial performance, disclosures of activities and panel data set on company size (total assets) over a 10-year period (t) were analysed. Findings show that oil firms with interest in emerging economies take key aspects of corporate social responsibility practices seriously. There was significant positive relationship (p = 0.0035 < 0.05) between investment in the practice and sustainability in financial performance. No significant relationship (p = 0.4409 > 0.05) was established between disclosure and financial performance. Functional corporate social responsibility practices were envisaged to yield sustained dividend in terms of a stronger financial outlook for oil and gas companies for poverty alleviation and to achieve key sustainable development goals and targets in emerging economies.

scholarly journals Developing Corporate Sustainability Assessment Methods for Oil and Gas Companies

Economies ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 58
Author(s):  
Tatyana Ponomarenko ◽  
Oksana Marinina ◽  
Marina Nevskaya ◽  
Kristina Kuryakova
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Oil And Gas ◽  
Sustainability Assessment ◽  
Corporate Sustainability ◽  
Practical Importance ◽  
Health And Safety ◽  
Exploration And Production ◽  
Corporate Social ◽  
Oil And Gas Companies

As it is predicted that there will be a decrease in production at the oil and gas facilities that are currently operating, it becomes necessary to start developing new oil and gas fields. This results in changes to the state’s policy regarding the participation of private companies in the development and implementation of oil and gas offshore exploration and production new projects. Access to unique fields can be provided to the most socially responsible companies. The purpose of this study is to present the author’s methodology for assessing the dynamics of corporate sustainability. The methodology is based on the assessment of individual, well-founded indicators of sustainable development of companies. The proposed methodology takes into account factors in areas such as occupational health and safety, environmental protection and economic efficiency and identifies two performance indicators. The first indicator is an aggregated index for three groups of factors to assess company ratings relative to the performance of the best company. The second indicator is an assessment of the dynamics within the company relative to the previous values of indicators of corporate social responsibility. The research results obtained using the proposed methodology show that oil and gas companies differ significantly in terms of corporate sustainability. The developed methodology for assessing corporate sustainability is of practical importance and can be used by companies in the analysis and planning of operating and investment activities that ensure the achievement of goals of corporate social responsibility.

Memorias de Sostenibilidad en América Latina: instrumento de información de la Responsabilidad Social de las Empresas

Oikos ◽  
2015 ◽  
Vol 15 (32) ◽  
pp. 35
Author(s):  
Ma. Angélica Garza Arroyo ◽  
María Aurelia Bocanegra Noriega
Keyword(s):  
Sustainable Development ◽  
Latin America ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Data Base ◽  
The Social ◽  
America Latina ◽  
Corporate Social ◽  
Sustainability Report

RESUMENEl desarrollo sostenible es manejado como uno de los puntos importantes en las agendas del siglo XXI, es un concepto que las empresas deben contemplar en las actividades que realizan para cumplir con la Responsabilidad Social Empresarial. El presente trabajo pretende abordar los aspectos teóricos sobre las Memorias de Sostenibilidad así como mostrar que pueden ser consideradas como un instrumento de información de la Responsabilidad Social de las Empresas. Se hace un estudio en la base de datos de la Corporate Register del 2006 al 2011 respecto de la presentación de las Memorias de Sostenibilidad en América Latina; el reporte es de corte cualitativo de carácter descriptivo, con un análisis deductivo. Se puede percibir en el estudio que es de carácter exploratorio que las empresas de América Latina han incrementado de manera significativa la presentación de Memorias de Sostenibilidad así como un incremento en el número de empresas que las realizan, además de contemplar a la Responsabilidad Social Empresarial como parte de su misión y visión.Palabras clave: memorias de sostenibilidad, Responsabilidad Social Empresarial, América Latina. Memories of Sustainability in Latin America: instrument of information of the Social Responsibility of the CompaniesABSTRACTThe sustainable development is managed to be one of the important aspects in the planners of 21th century, it is a concept that companies have to contemplate in the activities they realize to achieve corporate social responsibility. this work pretends to raise the teoric aspects about sustainability report, and to show that they can be considered as an information instrument of social responsibility of the companies. a study has to be done in the data base of corporate register from 2006 to 2011 about the presentation of the sustainability report in Latin America; the report is qualitative and descriptive kind, with deductive analysis. in the study it can be perceived that is explorative that companies in Latin America have increased in a significative way the presentation of sustainability report, just as an increase in the number of companies that realize them, besides contemplating corporate social responsibility as part of their mission and vision.Keywords: sustainability report, Corporate Social Responsibility, Latin America.

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