logo

Business Ethics & Social Responsibility Paper

   

Added on  2019-10-30

13 Pages3588 Words129 Views
1Comparative Business Ethics & SocialResponsibility

2Executive SummaryThe paper effectively analysis the effectiveness of the sustainability mechanisms of oil and gas companies like British Petroleum (BP). The report also gains effectiveness in analysing the feasibility of the code of conduct for the organisation in the light of the incidence of the oil spill disaster along the Gulf Coast of Mexico. It reflects the historical association of British Petroleum with that of non-ethical and criminal conducts like fraud, generation of damage to environment and natural habitats and also causing the loss of lives and property. Critical analysis is carried out in the report as to the right type of conduct of conduct that was required to be put in place and also followed by the managers and staffs for avoiding the incidence of such disastrous situations like the explosion of the oil refinery along the Mexican Gulf. Absence of effective communication and transparency systems were also highlighted for British Petroleum that affected its relationship with both the internal and external stakeholder communities. Different sustainability procedures and initiatives in place at BP were also highlighted in the paper. Along with the same other sustainability systems like the requirement of BP to strictly adhere to regulatory and legislative standards and to develop effective monitoring and supervising guidelines were stressed in the report. The same would contribute in helping BP avoid the incidence of such fatal incidents like explosion and leakage of oil pipelines and also develop its relationship with stakeholders.

3Table of ContentsIntroduction................................................................................................................................4History of BP and Questionable Conducts.................................................................................5Evaluation of BP’s Efforts regarding Sustainability..................................................................6Wind Energy..........................................................................................................................6Solar Energy...........................................................................................................................6Biofuels..................................................................................................................................6Carbon Sequestration and Storage (CCS)..............................................................................7Recommendations to BP........................................................................................................7Potency of BP Code of Conduct and Ethics Initiatives..............................................................8Conclusions..............................................................................................................................10References................................................................................................................................12

4IntroductionBritish Petroleum (BP) operates as a multinational organisation operating in the oil and gasindustry and is headquartered in London. The company runs based on the collaborated effortsof around 75,000 people that help in meeting the diversified energy needs of customers bothalong the domestic and corporate front. Some key facts about BP are generated as follows. [ CITATION Bri174 \l 1033 ]The report ideally aims in understanding the historical emergence of ethical misconductspertaining to BP. It also focuses on understanding and evaluating the sustainability practicesand code of conduct of the organisation in the face of potential environmental issues.

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Contribution of British Petroleum to Deepwater Horizon Disaster
|10
|3844
|1

Role of BP in Deepwater Horizon Disaster
|9
|2609
|79

Gulf Oil Spill Case
|7
|2102
|90

Business Ethics and Social Responsibilities - British Petroleum
|13
|3817
|36

Case Study on Organizational Management
|11
|3185
|142

Report On Management Of Strategic Change Of British Petroleum
|11
|3241
|163