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Corporate social Responsibility : Assignment

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Added on  2021-04-17

Corporate social Responsibility : Assignment

   Added on 2021-04-17

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Running head: CORPORATE SOCIAL RESPONSIBILITY
Corporate Social Responsibility in Oil and Gas Industry in Norway
Name of the Student
Name of the University
Author Note
Corporate social Responsibility :  Assignment_1
1CORPORATE SOCIAL RESPONSIBILITY
Abstract
The primary aim of this research paper was to understand the concept of Corporate Social
Responsibility in the oil and gas company present in Norway. It has been seen that CSR has been
gaining importance in the daily activities of business by spreading awareness among the local
communities. The companies are becoming active in the society and are taking up
responsibilities to maintain sustainable practices within their business sector.
The empirical and the theoretical aspects have been discussed in the paper where CSR has been
explained in an extensive manner. The literature review provides an overview of the concept
along with the benefits and challenges that are present in accepting CSR by the companies. It
will also explain to the readers the importance of this topic in the modern world and the role it
plays in safeguarding the position of the company in the competitive markets.
Stat-Oil Oil Corporation is one of the major oil and gas companies in Norway and it is important
for the company in accepting the CSR activities so that the business can be sustainable in nature.
The analysis presented in the research has been done based on the responses that were collected
from the employees of the company and their insights regarding the various activities that are
carried out within the organization. The thesis ends with a conclusion where the objectives taken
up in the research has been analyzed with the help of the literature review and the data analysis
that was conducted on the responses that were collected.
Corporate social Responsibility :  Assignment_2
2CORPORATE SOCIAL RESPONSIBILITY
Acknowledgement
I would also like to take this opportunity to thank my professor without whose, constant support
and guidance, the research would not have been possible.
Firstly, I would like to thank God the Almighty in giving me the strength and courage without
which I could not have completed the entire study. Secondly, I would like to thank my family
and relatives who gave me constant support mentally and physically so that I can complete the
study on time. Lastly, I would like to give thanks to my peers and the friends who have helped
me in providing the appropriate information throughout the project and helped me in doing the
in-depth analysis of the research. Without their proper guidance, it is impossible for me to
complete the project.
Thanks and Regards,
Yours Sincerely,
Corporate social Responsibility :  Assignment_3
3CORPORATE SOCIAL RESPONSIBILITY
Table of Contents
Chapter 1: Introduction....................................................................................................................7
1.1: Background of the Study......................................................................................................7
1.2: Background of the company.................................................................................................8
1.3: Aim and Objectives..............................................................................................................9
1.4: Research Question..............................................................................................................10
1.5: Research Hypothesis...........................................................................................................10
1.6: Contribution to literature....................................................................................................10
1.7: Structure of Dissertation.....................................................................................................11
Chapter 2: Literature Review.........................................................................................................12
2.1: Overview of CSR................................................................................................................12
2.2: CSR pyramid......................................................................................................................12
2.2.1: Economic responsibility..............................................................................................13
2.2.2: Legal responsibility.....................................................................................................13
2.2.3: Ethical responsibility...................................................................................................13
2.2.4: Philanthropic responsibility.........................................................................................14
2.3: Triple bottom line...............................................................................................................14
2.3.1: Economic sustainability...............................................................................................14
2.3.2: Social sustainability.....................................................................................................15
2.3.3: Environmental sustainability.......................................................................................16
Corporate social Responsibility :  Assignment_4
4CORPORATE SOCIAL RESPONSIBILITY
2.4: Stakeholder theory..............................................................................................................16
2.5: Benefits of CSR..................................................................................................................18
2.6: Challenges of CSR..............................................................................................................19
2.7: Transparency and sustainability reporting..........................................................................20
2.8: Importance of Boards.........................................................................................................21
2.9: Effectiveness of Boards......................................................................................................22
2.10: Renewed interest in Boards..............................................................................................23
2.11: Models of Boards of Directors.........................................................................................23
2.11.1: Anglo-US Model...........................................................................................................23
2.11.2: Continental European Model.........................................................................................25
2.11.3: Japanese Model..............................................................................................................25
2.12 The effect of policies from a boardroom perspective........................................................26
Chapter 3: Research Methodology................................................................................................27
3.0: Introduction........................................................................................................................27
3.1: Research Philosophy...........................................................................................................28
3.1.1: Justification for the research philosophy.....................................................................29
3.2: Research approach..............................................................................................................29
3.2.1: Justification for research approach..............................................................................29
3.3: Research purpose................................................................................................................30
3.3.1: Justification of the research purpose...........................................................................30
Corporate social Responsibility :  Assignment_5
5CORPORATE SOCIAL RESPONSIBILITY
3.4: Research strategy................................................................................................................31
3.4.1: Justification of research strategy.................................................................................31
3.5: Data collection....................................................................................................................31
3.6: Sample selection.................................................................................................................31
3.7: Data analysis.......................................................................................................................32
3.8: Ethical consideration..........................................................................................................32
Chapter 4: Analysis and Findings..................................................................................................33
Chapter 5: Conclusion and Reflection...........................................................................................58
5.1: Conclusion..........................................................................................................................58
5.2: Linking with the objectives................................................................................................58
5.3: Reflection statement...........................................................................................................59
Reference List................................................................................................................................61
Appendices....................................................................................................................................71
Appendix 1: Survey of employees.............................................................................................71
Corporate social Responsibility :  Assignment_6
6CORPORATE SOCIAL RESPONSIBILITY
List of figures
Fig 1: CSR Pyramid.......................................................................................................................13
Fig. 2: Stakeholders of Oil Corporation........................................................................................17
Fig 3: Time Board of Directors spend on each topic during meetings..........................................22
Fig 4: Anglo-US model.................................................................................................................24
Fig 5: Research Onion...................................................................................................................28
Corporate social Responsibility :  Assignment_7
7CORPORATE SOCIAL RESPONSIBILITY
Chapter 1: Introduction
According to Alazzani and Wan-Hussin (2013), in the recent times, most of the demand
for global energy is being met by using up the fossil fuel and it has been estimated that by the
end of 2030 almost 50 percent of the companies will be relying on the consumption of fossil
fuels as well. This means that the access to the non-renewable energy will also be declining to a
great extent. Corporate Social Responsibility (CSR) plays an integral role in the international
companies for most of the industries. Most of the European businesses have been increasing its
activities with respect to CSR and it is being incorporated within the strategies of their
businesses as well.
1.1: Background of the Study
The Corporate Social Responsibility helps the organization in taking better decisions so
that energy can be saved by managing the work in a better manner. It will help in increasing the
improvements at a lower cost, which will directly result in saving of energy. The use of better
strategies has helped the organizations in increasing its level of efficiency within the work place
so that higher rate of production can be maintained with the help of the production line that is
already present within the organization (Rauffet, Cruz and Bres 2014). However, there are many
challenges that may result in decreasing the energy saving capacity for the companies. Most of
the companies do not aim to invest more in the systems that will help in minimizing the use of
the energies due to the economic and organizational barriers. The literature regarding the CSR
activities has not influenced the organizations in improving their strategies regarding the use of
CSR within their organizations. This process of research will help in analyzing the stakeholder
Corporate social Responsibility :  Assignment_8

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