ExxonMobil's Sustainability Practices
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This assignment requires an in-depth analysis of ExxonMobil's sustainability practices. Examine the company's environmental impact, particularly its role in climate change and emissions reduction efforts. Evaluate ExxonMobil's social responsibility initiatives, considering its engagement with stakeholders, community development, and labor practices. Additionally, assess the ethical dimensions of ExxonMobil's operations, including transparency, accountability, and compliance with international standards.
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Running head: CRITICAL ANALYSIS OF CSR
Critical analysis of CSR( Exxon Mobil Company)
Name of the Student
Name of the University
Author note
Critical analysis of CSR( Exxon Mobil Company)
Name of the Student
Name of the University
Author note
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1CRITICAL ANALYSIS OF CSR
Abstract
Corporate Social Responsibility (CSR) has come out as a significant loom to address the social
as well as environmental force of thee activities of the company. The companies of oil and gas
companies highly affect the environment and through the help of corporate social responsibilities
the issues that affect the environment and society can be resolved. The increase of expectations
in business questions whether the corporate social responsibility is capable of solving the bigger
issues on the oil and gas industry or not. There are various advantages of corporate social
responsibility which are helpful for the growth of oil and gas sectors. Whereas there are certain
disadvantages which can be solved through the help of implications of programs related to
environmental, developmental and social factors.
Abstract
Corporate Social Responsibility (CSR) has come out as a significant loom to address the social
as well as environmental force of thee activities of the company. The companies of oil and gas
companies highly affect the environment and through the help of corporate social responsibilities
the issues that affect the environment and society can be resolved. The increase of expectations
in business questions whether the corporate social responsibility is capable of solving the bigger
issues on the oil and gas industry or not. There are various advantages of corporate social
responsibility which are helpful for the growth of oil and gas sectors. Whereas there are certain
disadvantages which can be solved through the help of implications of programs related to
environmental, developmental and social factors.
2CRITICAL ANALYSIS OF CSR
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................4
Corporate Social Responsibility of Exxon Mobil Corporation...................................................4
Contribution programs of Exxon Mobil Corporation..................................................................4
Education.................................................................................................................................5
Health.......................................................................................................................................5
Environment............................................................................................................................6
Government and community services.....................................................................................6
Art and Culture........................................................................................................................6
Advantages of Corporate Social Responsibility in oil and gas companies.................................7
Corporate social responsibility and environment....................................................................8
Corporate social responsibility and development....................................................................9
Disadvantages of Corporate Social Responsibility of oil and gas companies...........................10
Recommendations to improve corporate social responsibility..................................................10
Conclusion.....................................................................................................................................11
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................4
Corporate Social Responsibility of Exxon Mobil Corporation...................................................4
Contribution programs of Exxon Mobil Corporation..................................................................4
Education.................................................................................................................................5
Health.......................................................................................................................................5
Environment............................................................................................................................6
Government and community services.....................................................................................6
Art and Culture........................................................................................................................6
Advantages of Corporate Social Responsibility in oil and gas companies.................................7
Corporate social responsibility and environment....................................................................8
Corporate social responsibility and development....................................................................9
Disadvantages of Corporate Social Responsibility of oil and gas companies...........................10
Recommendations to improve corporate social responsibility..................................................10
Conclusion.....................................................................................................................................11
3CRITICAL ANALYSIS OF CSR
Introduction
Exxon Mobil Corporation is a multinational corporation of oil and gas based in America.
According to Forbes Global 2000 list in 2015 the company was ranked in the second position
globally (Du and Vieira 2012). The company is occupied with the production, shipping and
dealing of crude oil and natural gas as well as the manufacture, shipping and trading of
petroleum products. The company also manufactures and sells petrochemicals along with
aromatics, olefins, polyethylene and other products. The sections of the company include
Upstream, Downstream, Chemical, Corporate and Financing (Mittricker et al. 2016).
The exploration and production of crude oil and natural gas is operated by Upstream
(Minta et al. 2015). The manufacture and trade of petroleum products are operated by
Downstream whereas the manufacturing and trading of petrochemicals is operated by the
Chemical section. Corporate social responsibility which is also known as corporate conscience or
corporate citizenship is the form of corporate self-management incorporated in a model of
business (Tai and Chuang 2014). The policy of CSR works as a self-management method. The
strategies of CSR support the company to make a positive influence on the surroundings and
stakeholders which includes clients, staffs, shareholders and others. This report elucidates about
the corporate social responsibility of Exxon Mobil Corporation, the advantages and
disadvantages of corporate social responsibility and some recommendations to improve it.
Introduction
Exxon Mobil Corporation is a multinational corporation of oil and gas based in America.
According to Forbes Global 2000 list in 2015 the company was ranked in the second position
globally (Du and Vieira 2012). The company is occupied with the production, shipping and
dealing of crude oil and natural gas as well as the manufacture, shipping and trading of
petroleum products. The company also manufactures and sells petrochemicals along with
aromatics, olefins, polyethylene and other products. The sections of the company include
Upstream, Downstream, Chemical, Corporate and Financing (Mittricker et al. 2016).
The exploration and production of crude oil and natural gas is operated by Upstream
(Minta et al. 2015). The manufacture and trade of petroleum products are operated by
Downstream whereas the manufacturing and trading of petrochemicals is operated by the
Chemical section. Corporate social responsibility which is also known as corporate conscience or
corporate citizenship is the form of corporate self-management incorporated in a model of
business (Tai and Chuang 2014). The policy of CSR works as a self-management method. The
strategies of CSR support the company to make a positive influence on the surroundings and
stakeholders which includes clients, staffs, shareholders and others. This report elucidates about
the corporate social responsibility of Exxon Mobil Corporation, the advantages and
disadvantages of corporate social responsibility and some recommendations to improve it.
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4CRITICAL ANALYSIS OF CSR
Discussion
Corporate Social Responsibility of Exxon Mobil Corporation
The prime responsibility of Exxon Mobil Corporation is to supply the energy required to
maintain and progress the living standard of citizens globally. The responsibility of the company
continues as they are a part of local areas where they operate and they try to find ways to
improve the living style of people and try to make prospects all through the world (Michael et al.
2015). The three signature initiatives of the company are education related to math and science,
malaria along with the promotion of women as mediums for the development of economy. These
are some instances of programs that concentrate on standard requirements despite the
consistency with the sustainability of the company. The development and progression of the
communities in which the company lives and expands its business is done by the contribution
programs (Capaldi, Zu and Gupta 2013). The programs also help the company to make
relationships and partnerships with their partners, neighbors, staffs and suppliers that effect
positively in the business and improve the reputation of the company (Ibe et al. 2015). The local
requirements are also tackled through the programs of Exxon Mobil Corporation. In order to
make the programs successful the company works with the partners who have proper skills along
with resources.
Contribution programs of Exxon Mobil Corporation
The areas of corporate social responsibility contribution programs of Exxon Mobil
Corporation are education, health, environment, government and community services as well as
arts and culture.
Discussion
Corporate Social Responsibility of Exxon Mobil Corporation
The prime responsibility of Exxon Mobil Corporation is to supply the energy required to
maintain and progress the living standard of citizens globally. The responsibility of the company
continues as they are a part of local areas where they operate and they try to find ways to
improve the living style of people and try to make prospects all through the world (Michael et al.
2015). The three signature initiatives of the company are education related to math and science,
malaria along with the promotion of women as mediums for the development of economy. These
are some instances of programs that concentrate on standard requirements despite the
consistency with the sustainability of the company. The development and progression of the
communities in which the company lives and expands its business is done by the contribution
programs (Capaldi, Zu and Gupta 2013). The programs also help the company to make
relationships and partnerships with their partners, neighbors, staffs and suppliers that effect
positively in the business and improve the reputation of the company (Ibe et al. 2015). The local
requirements are also tackled through the programs of Exxon Mobil Corporation. In order to
make the programs successful the company works with the partners who have proper skills along
with resources.
Contribution programs of Exxon Mobil Corporation
The areas of corporate social responsibility contribution programs of Exxon Mobil
Corporation are education, health, environment, government and community services as well as
arts and culture.
5CRITICAL ANALYSIS OF CSR
Education
The company contributes to educational programs through worldwide with certain focus
on subjects like science, technology, and engineering along with mathematics education (Valenti,
Carden and Boyd 2014). The programs increases the access to skills and training related to
education and leadership and the development of women education also works as medium for the
development of economy. In order to support higher education proposals the company
contributes directly to colleges along with universities as well as organizations. A certain
importance is positioned to support universities and organizations that promotes improvement in
science, technology, engineering and mathematics, who have record of supplying Exxon Mobil
corporation with staffs and the organizations who support the disadvantaged students and women
in developing career opportunities. The company shores up programs which offer training for
people who reside in local areas in business. The capacity in the local area should be built by the
programs in order to encourage communal progress along with the growth in economy. The
company focuses on supporting programs that helps to educate and make women powerful so
that they become the medium of economic growth. The company also supports programs that
supplies professional training to local people to enter the labor force and increase employment.
Health
The company believes that good health is keystone of improvement in poverty, progress
in society and economic development. Therefore the company supports programs that focus on
health care improvement, supports research as well as development in the health care and
awareness. The company maintains a signature program that focuses on prevention and treatment
of malaria (Gaston 2018). The company promotes organizations and programs which balance
signature malaria initiative of Exxon Mobil that involves in partnership with local and
Education
The company contributes to educational programs through worldwide with certain focus
on subjects like science, technology, and engineering along with mathematics education (Valenti,
Carden and Boyd 2014). The programs increases the access to skills and training related to
education and leadership and the development of women education also works as medium for the
development of economy. In order to support higher education proposals the company
contributes directly to colleges along with universities as well as organizations. A certain
importance is positioned to support universities and organizations that promotes improvement in
science, technology, engineering and mathematics, who have record of supplying Exxon Mobil
corporation with staffs and the organizations who support the disadvantaged students and women
in developing career opportunities. The company shores up programs which offer training for
people who reside in local areas in business. The capacity in the local area should be built by the
programs in order to encourage communal progress along with the growth in economy. The
company focuses on supporting programs that helps to educate and make women powerful so
that they become the medium of economic growth. The company also supports programs that
supplies professional training to local people to enter the labor force and increase employment.
Health
The company believes that good health is keystone of improvement in poverty, progress
in society and economic development. Therefore the company supports programs that focus on
health care improvement, supports research as well as development in the health care and
awareness. The company maintains a signature program that focuses on prevention and treatment
of malaria (Gaston 2018). The company promotes organizations and programs which balance
signature malaria initiative of Exxon Mobil that involves in partnership with local and
6CRITICAL ANALYSIS OF CSR
international organizations to improve strategies in prevention and treatment of malaria. The
programs related to the extension of knowledge of health issues related to the operations in
business are also promoted by the company. The company also promotes the health programs
that planned the improve employee’s health and communities where they functions which
includes health centre support, hospitals, education related to health (Hilson 2012).
Environment
A wider range of environmental organization that comprises of research, education as
well as maintenance of environment is supported by the Exxon Mobil Corporation. Instead of
preserving certain species the company tries to focus on the preserving eco-system. The
company gives importance to programs that educate on the issues of local environment and also
helps in building relationships between the company and leaders of neighboring environment.
The projects that donate an understanding of environmental issues which are vital for the
company like energy competence, quality of air, management of oil spill or release of carbon
dioxide are supported by the company.
Government and community services
The government and community service organizations that assemble significant social
needs and improve the conditions economically and socially specially in the areas where the
employees of the company reside and work are supported by Exxon Mobil Corporation.
Art and Culture
Exxon Mobil Corporation promotes art and cultural organizations selectively; not in the
base of high priority. It is to be mentioned that the arts and cultural organization comprises of
international organizations to improve strategies in prevention and treatment of malaria. The
programs related to the extension of knowledge of health issues related to the operations in
business are also promoted by the company. The company also promotes the health programs
that planned the improve employee’s health and communities where they functions which
includes health centre support, hospitals, education related to health (Hilson 2012).
Environment
A wider range of environmental organization that comprises of research, education as
well as maintenance of environment is supported by the Exxon Mobil Corporation. Instead of
preserving certain species the company tries to focus on the preserving eco-system. The
company gives importance to programs that educate on the issues of local environment and also
helps in building relationships between the company and leaders of neighboring environment.
The projects that donate an understanding of environmental issues which are vital for the
company like energy competence, quality of air, management of oil spill or release of carbon
dioxide are supported by the company.
Government and community services
The government and community service organizations that assemble significant social
needs and improve the conditions economically and socially specially in the areas where the
employees of the company reside and work are supported by Exxon Mobil Corporation.
Art and Culture
Exxon Mobil Corporation promotes art and cultural organizations selectively; not in the
base of high priority. It is to be mentioned that the arts and cultural organization comprises of
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7CRITICAL ANALYSIS OF CSR
festivals, museums along with performing arts, and historical links which encourages culture of
local areas.
Advantages of Corporate Social Responsibility in oil and gas companies
The companies from oil and gas sector stays at the core of the development of corporate
social responsibility. To manage the relationship with broader society the oil and gas sector
remains under high pressure. The oil companies connect more with local population than
multinationals in many sectors and they pay higher edge service to corporate social
responsibility. Some major international CSR programs such as United Nations Global Compact
and UK Government’s Extractive Industries Transparency Initiative are accepted by several oil
companies (Raufflet, Cruz and Bres 2014). As an optional resource of earnings few international
oil companies have endowed in renewable energy. Some major community proposals of
development have been instigated, financed and applied through oil companies. In developing
countries the oil companies have helped to construct schools, colleges and hospitals. They have
also launched schemes for local people related to micro-edit and supported programs related to
the employment of youth. The oil companies have also made a partnership with some
development organizations like U.S Agency for International Development and the United
Nations Development Program at the same time they use some non-governmental agencies and
consultancies to execute improvement agendas on the field (Kirat 2015). The significance of
corporate social responsibility in oil and gas industry is an edifying example to analyze how
corporate social responsibility can change performance in industry. It is observed that corporate
social responsibility has been accepted in an uneven way in the industry. In corporate nationality
Royal Dutch and BP have been identified as leaders internationally. These companies have turn
into important companies in renewable energy and have alleged to conflict the release of carbon
festivals, museums along with performing arts, and historical links which encourages culture of
local areas.
Advantages of Corporate Social Responsibility in oil and gas companies
The companies from oil and gas sector stays at the core of the development of corporate
social responsibility. To manage the relationship with broader society the oil and gas sector
remains under high pressure. The oil companies connect more with local population than
multinationals in many sectors and they pay higher edge service to corporate social
responsibility. Some major international CSR programs such as United Nations Global Compact
and UK Government’s Extractive Industries Transparency Initiative are accepted by several oil
companies (Raufflet, Cruz and Bres 2014). As an optional resource of earnings few international
oil companies have endowed in renewable energy. Some major community proposals of
development have been instigated, financed and applied through oil companies. In developing
countries the oil companies have helped to construct schools, colleges and hospitals. They have
also launched schemes for local people related to micro-edit and supported programs related to
the employment of youth. The oil companies have also made a partnership with some
development organizations like U.S Agency for International Development and the United
Nations Development Program at the same time they use some non-governmental agencies and
consultancies to execute improvement agendas on the field (Kirat 2015). The significance of
corporate social responsibility in oil and gas industry is an edifying example to analyze how
corporate social responsibility can change performance in industry. It is observed that corporate
social responsibility has been accepted in an uneven way in the industry. In corporate nationality
Royal Dutch and BP have been identified as leaders internationally. These companies have turn
into important companies in renewable energy and have alleged to conflict the release of carbon
8CRITICAL ANALYSIS OF CSR
dioxide to decrease their input in global warming (Muhammad et al. 2015). Exxon has also made
some voluntary developments to its societal as well as ecological performance. It has been
suggested that the movement of corporate social responsibility is universal and there are better
expectations for the responsibilities of the companies. It is to be mentioned that the companies
which are more involved in corporate social responsibilities can develop globally and these
companies are reliant on worldwide economic markets along with worldwide status.
Corporate social responsibility and environment
The gas and oil companies vividly effect the environment through the gas emissions and
oil spills, land clearance and others. Despite of affecting negatively on environment the oil
companies have tried to reduce their oil tankers, volume of oil spills and other factors that affect
environment (Schneider et al. 2013). They have developed environmental programs which
includes issues like climatic change and biodiversity over the years. Some companies have tried
to reduce release of gas among which BP has worked evidently. According to the Sustainability
Report in 2006, the release of greenhouse gas has declined by 22% between 2002 and 2006
whereas the production of the oil in the company increased in the same time by 30% and the
production of natural gas was also doubled (Munoz and Burnha 2016). It is to be mentioned that
both the environment as well as the oil and gas companies can be benefitted if the flaming of gas
along with the energy emission is reduced. The monetary performance can be increased through
the saving of energy and the sale of formerly flamed natural gas. It has been seen that the
business care of corporate social responsibility can be the strongest in case of environmental
issues through the help of social issues like health and protection, standards of labor and
improvement in local areas. The companies have increased the development of environment
through the implementation of zero-spill strategy and replacement of steel tubes with chrome
dioxide to decrease their input in global warming (Muhammad et al. 2015). Exxon has also made
some voluntary developments to its societal as well as ecological performance. It has been
suggested that the movement of corporate social responsibility is universal and there are better
expectations for the responsibilities of the companies. It is to be mentioned that the companies
which are more involved in corporate social responsibilities can develop globally and these
companies are reliant on worldwide economic markets along with worldwide status.
Corporate social responsibility and environment
The gas and oil companies vividly effect the environment through the gas emissions and
oil spills, land clearance and others. Despite of affecting negatively on environment the oil
companies have tried to reduce their oil tankers, volume of oil spills and other factors that affect
environment (Schneider et al. 2013). They have developed environmental programs which
includes issues like climatic change and biodiversity over the years. Some companies have tried
to reduce release of gas among which BP has worked evidently. According to the Sustainability
Report in 2006, the release of greenhouse gas has declined by 22% between 2002 and 2006
whereas the production of the oil in the company increased in the same time by 30% and the
production of natural gas was also doubled (Munoz and Burnha 2016). It is to be mentioned that
both the environment as well as the oil and gas companies can be benefitted if the flaming of gas
along with the energy emission is reduced. The monetary performance can be increased through
the saving of energy and the sale of formerly flamed natural gas. It has been seen that the
business care of corporate social responsibility can be the strongest in case of environmental
issues through the help of social issues like health and protection, standards of labor and
improvement in local areas. The companies have increased the development of environment
through the implementation of zero-spill strategy and replacement of steel tubes with chrome
9CRITICAL ANALYSIS OF CSR
tubes. Through the suitable technical along with administrative capabilities of oil companies
dealing with issues related to the environment the companies can become successful. The latest
oil pipelines, improvised forms of ignition or latest manufacturing processes that need same
engineering skills which oil companies need to operate their daily function such as increment in
level of production and decrement in the cost of production can help to develop the
environmental issues in the company. Moreover, with the help of solving technical problems,
latest manufacturing processes and development of copyrights along with the formation of
project teams the issues can be resolved.
Corporate social responsibility and development
The investment in the improvement of local areas of the oil companies has been in
demand because of the nature of operations that engrosses several communications between the
oil companies and neighboring communities. It is to be noted that the government organizations
like U.S Agency for International Development as well as inter-government agencies like World
Bank has declared about corporate social responsibility that it can play a positive role in the
contribution of improvement goals internationally for instances poverty mitigation as well as
development in health (Ebiringa et al. 2013). The social investments by the companies can
positively impact on the improvement of the work of community. In order to maintain the
precedence of public relations and motivating workers to maintain a stable environment of
working the oil and gas companies make social investments. The contribution of the beneficial
factors of corporate social responsibilities in executing projects inclined to be restricted and it
also might be restricted to presenting contracts to the companies that are placed nearby.
tubes. Through the suitable technical along with administrative capabilities of oil companies
dealing with issues related to the environment the companies can become successful. The latest
oil pipelines, improvised forms of ignition or latest manufacturing processes that need same
engineering skills which oil companies need to operate their daily function such as increment in
level of production and decrement in the cost of production can help to develop the
environmental issues in the company. Moreover, with the help of solving technical problems,
latest manufacturing processes and development of copyrights along with the formation of
project teams the issues can be resolved.
Corporate social responsibility and development
The investment in the improvement of local areas of the oil companies has been in
demand because of the nature of operations that engrosses several communications between the
oil companies and neighboring communities. It is to be noted that the government organizations
like U.S Agency for International Development as well as inter-government agencies like World
Bank has declared about corporate social responsibility that it can play a positive role in the
contribution of improvement goals internationally for instances poverty mitigation as well as
development in health (Ebiringa et al. 2013). The social investments by the companies can
positively impact on the improvement of the work of community. In order to maintain the
precedence of public relations and motivating workers to maintain a stable environment of
working the oil and gas companies make social investments. The contribution of the beneficial
factors of corporate social responsibilities in executing projects inclined to be restricted and it
also might be restricted to presenting contracts to the companies that are placed nearby.
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10CRITICAL ANALYSIS OF CSR
Disadvantages of Corporate Social Responsibility of oil and gas companies
The oil and gas companies indulge in several critical problems such as change in climatic
conditions, dearth as well as HIV or AIDS. The limitations of the corporate social responsibility
include several factors. The daily operations like oil spills and the protests by common society
groups and native people affect negatively (Kolk 2016). The oil and gas companies engrosses in
several negative effects of environment mainly during investigation, manufacture and release of
natural gas. The risks of operations are increased as the deposits of oil and gas are mostly placed
in developing locations of soaring biological range and high environmental exposure like rain
forests and mangroves as well as national parks that are protected (Baumgartner 2014). The oil
and gas companies also lead to marine pollution which affects the ecological balance. Despite of
improving the environmental issues there are still some companies that focus more on the
commercial concerns rather than the ecological interests such as they develop oil fields near to
national park. Moreover the utilization of the products of oil and gas companies is dangerous to
the environment due to the discharge of carbon dioxide.
Recommendations to improve corporate social responsibility
Some of the recommendations to improve corporate social responsibility of Exxon Mobil
Corporation are mentioned here. Although the company promotes a well maintained culture of
safety and health, it can be further recommended that if the company tries to improve their work
culture and safety issues of the employees it would eventually attract their employers and
motivate them to work in a better way which would help the company in development. A
number of programs should be initiated in order to find solutions of the climatic change. The
Disadvantages of Corporate Social Responsibility of oil and gas companies
The oil and gas companies indulge in several critical problems such as change in climatic
conditions, dearth as well as HIV or AIDS. The limitations of the corporate social responsibility
include several factors. The daily operations like oil spills and the protests by common society
groups and native people affect negatively (Kolk 2016). The oil and gas companies engrosses in
several negative effects of environment mainly during investigation, manufacture and release of
natural gas. The risks of operations are increased as the deposits of oil and gas are mostly placed
in developing locations of soaring biological range and high environmental exposure like rain
forests and mangroves as well as national parks that are protected (Baumgartner 2014). The oil
and gas companies also lead to marine pollution which affects the ecological balance. Despite of
improving the environmental issues there are still some companies that focus more on the
commercial concerns rather than the ecological interests such as they develop oil fields near to
national park. Moreover the utilization of the products of oil and gas companies is dangerous to
the environment due to the discharge of carbon dioxide.
Recommendations to improve corporate social responsibility
Some of the recommendations to improve corporate social responsibility of Exxon Mobil
Corporation are mentioned here. Although the company promotes a well maintained culture of
safety and health, it can be further recommended that if the company tries to improve their work
culture and safety issues of the employees it would eventually attract their employers and
motivate them to work in a better way which would help the company in development. A
number of programs should be initiated in order to find solutions of the climatic change. The
11CRITICAL ANALYSIS OF CSR
company affects the environment vividly in a negative manner because of the emission of
harmful gas and other factors. Hence the implications of environmental programs such as
biodiversity services, management of fresh water and other programs would lead to the
development of the company. The company should also understand the interests of communities
where they operate to maintain their business. Some initiatives have been taken by the company
such as Malaria initiative and development of education but they should also include more such
initiatives like HIV/AIDS campaign, dengue campaign and others. The engagement in
community, human rights and strategic investments should be improved to prosper their
business. The management of supply chain and the development in local areas should be also
looked after so that the company do not have face problem in their production and sell (Yusuf et
al. 2013).
Conclusion
It is to be concluded that corporate social responsibility has the highest possibility for
dealing with the environmental changes. The oil and gas companies are developing technologies
that are environment friendly in order to reduce the negative effect of the companies. Corporate
social responsibility is a vibrant area that covers all the factors that are dependent for the
business in the realm of society as well as the financial sustainability. Moreover, corporate social
responsibility is also associated with the initiatives that are related to the development of the
community where it is dependent on the key factors like human rights, management of supply
chain along with corporate power. The usage of social proposal to attain corporate intention sets
the limitation on which the proposals can reach for the broader society. The development of
corporate social responsibility can be fostered with the help of approach to the management of
company affects the environment vividly in a negative manner because of the emission of
harmful gas and other factors. Hence the implications of environmental programs such as
biodiversity services, management of fresh water and other programs would lead to the
development of the company. The company should also understand the interests of communities
where they operate to maintain their business. Some initiatives have been taken by the company
such as Malaria initiative and development of education but they should also include more such
initiatives like HIV/AIDS campaign, dengue campaign and others. The engagement in
community, human rights and strategic investments should be improved to prosper their
business. The management of supply chain and the development in local areas should be also
looked after so that the company do not have face problem in their production and sell (Yusuf et
al. 2013).
Conclusion
It is to be concluded that corporate social responsibility has the highest possibility for
dealing with the environmental changes. The oil and gas companies are developing technologies
that are environment friendly in order to reduce the negative effect of the companies. Corporate
social responsibility is a vibrant area that covers all the factors that are dependent for the
business in the realm of society as well as the financial sustainability. Moreover, corporate social
responsibility is also associated with the initiatives that are related to the development of the
community where it is dependent on the key factors like human rights, management of supply
chain along with corporate power. The usage of social proposal to attain corporate intention sets
the limitation on which the proposals can reach for the broader society. The development of
corporate social responsibility can be fostered with the help of approach to the management of
12CRITICAL ANALYSIS OF CSR
stakeholder, representing the changing anticipations of government (Fernandez-Feijoo,Romero
and Ruiz 2014). The disadvantages of corporate social responsibility of oil companies are also
high and the companies are trying to overcome their issues by supporting several programs
related to the development of environment. They also try to develop their neighboring areas with
the help of initiatives to develop education and awareness. The improvement of the relationship
between the local community and company through better communication and interaction can
also help the company to maintain their business in those areas.
stakeholder, representing the changing anticipations of government (Fernandez-Feijoo,Romero
and Ruiz 2014). The disadvantages of corporate social responsibility of oil companies are also
high and the companies are trying to overcome their issues by supporting several programs
related to the development of environment. They also try to develop their neighboring areas with
the help of initiatives to develop education and awareness. The improvement of the relationship
between the local community and company through better communication and interaction can
also help the company to maintain their business in those areas.
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13CRITICAL ANALYSIS OF CSR
References
Baumgartner, R.J., 2014. Managing corporate sustainability and CSR: A conceptual framework
combining values, strategies and instruments contributing to sustainable development. Corporate
Social Responsibility and Environmental Management, 21(5), pp.258-271.
Capaldi, N., Zu, L. and Gupta, A.D. eds., 2013. Encyclopedia of corporate social
responsibility (Vol. 21). New York: Springer.
Du, S. and Vieira, E.T., 2012. Striving for legitimacy through corporate social responsibility:
Insights from oil companies. Journal of Business Ethics, 110(4), pp.413-427.
Ebiringa, O.T., Yadirichukwu, E., Chigbu, E.E. and Ogochukwu, O.J., 2013. Effect of firm size
and profitability on corporate social disclosures: The Nigerian Oil and Gas sector in
Focus. British Journal of Economics, Management & Trade, 3(4), pp.563-574.
Fernandez-Feijoo, B., Romero, S. and Ruiz, S., 2014. Effect of stakeholders’ pressure on
transparency of sustainability reports within the GRI framework. Journal of business
ethics, 122(1), pp.53-63.
Gaston, K., 2018. Emerging Corporate Social Responsibility: Strategic Giving in the Motor City.
Hilson, G., 2012. Corporate Social Responsibility in the extractive industries: Experiences from
developing countries. Resources Policy, 37(2), pp.131-137.
Ibe, C.M., Min, W.Z., Ling, K.C. and Yii, D.K., 2015. Exploring performance based practice of
CSR in sustaining the relationship between business and society: a literature review. Asian Social
Science, 11(5), p.181.
References
Baumgartner, R.J., 2014. Managing corporate sustainability and CSR: A conceptual framework
combining values, strategies and instruments contributing to sustainable development. Corporate
Social Responsibility and Environmental Management, 21(5), pp.258-271.
Capaldi, N., Zu, L. and Gupta, A.D. eds., 2013. Encyclopedia of corporate social
responsibility (Vol. 21). New York: Springer.
Du, S. and Vieira, E.T., 2012. Striving for legitimacy through corporate social responsibility:
Insights from oil companies. Journal of Business Ethics, 110(4), pp.413-427.
Ebiringa, O.T., Yadirichukwu, E., Chigbu, E.E. and Ogochukwu, O.J., 2013. Effect of firm size
and profitability on corporate social disclosures: The Nigerian Oil and Gas sector in
Focus. British Journal of Economics, Management & Trade, 3(4), pp.563-574.
Fernandez-Feijoo, B., Romero, S. and Ruiz, S., 2014. Effect of stakeholders’ pressure on
transparency of sustainability reports within the GRI framework. Journal of business
ethics, 122(1), pp.53-63.
Gaston, K., 2018. Emerging Corporate Social Responsibility: Strategic Giving in the Motor City.
Hilson, G., 2012. Corporate Social Responsibility in the extractive industries: Experiences from
developing countries. Resources Policy, 37(2), pp.131-137.
Ibe, C.M., Min, W.Z., Ling, K.C. and Yii, D.K., 2015. Exploring performance based practice of
CSR in sustaining the relationship between business and society: a literature review. Asian Social
Science, 11(5), p.181.
14CRITICAL ANALYSIS OF CSR
Kirat, M., 2015. Corporate social responsibility in the oil and gas industry in Qatar perceptions
and practices. Public Relations Review, 41(4), pp.438-446.
Kolk, A., 2016. The social responsibility of international business: From ethics and the
environment to CSR and sustainable development. Journal of World Business, 51(1), pp.23-34.
Michael, I.C., Min, W.Z., Ling, K.C. and Kai, D.Y.S., 2015. Proposition of an Interactive
Process Approach in Exploring the Relationship between Corporate Social Responsibility (CSR)
Strategy and Perceived CSR: Case of ExxonMobil in Nigeria’s Petroleum Industry. International
Journal of Business and Management, 10(2), p.186.
Minta, M., Mittricker, F.F., Rasmussen, P.C., Starcher, L.K., Rasmussen, C.C., Wilkins, J.T. and
Meidel Jr, R.W., ExxonMobil Upstream Research Co, 2015. Low emission power generation and
hydrocarbon recovery systems and methods. U.S. Patent 8,984,857.
Mittricker, F.F., O'dea, D.M., Deckman, H.W., Rasmussen, C.C., Noble, D.R., Seitzman, J.M.,
Lieuwen, T.C., Dhanuka, S.K. and Huntington, R., Georgia Tech Research Corp and
ExxonMobil Upstream Research Co, 2016. Combustor systems and combustion burners for
combusting a fuel. U.S. Patent 9,353,940.
Muhammad, N., Scrimgeour, F., Reddy, K. and Abidin, S., 2015. The relationship between
environmental performance and financial performance in periods of growth and contraction:
evidence from Australian publicly listed companies. Journal of Cleaner Production, 102, pp.324-
332.
Muñoz, J.M. and Burnham, P., 2016. Subcontracting as corporate social responsibility pipeline
in the project chad-cameroon. The Anthropology of Corporate Social Responsibility, 18, p.152.
Kirat, M., 2015. Corporate social responsibility in the oil and gas industry in Qatar perceptions
and practices. Public Relations Review, 41(4), pp.438-446.
Kolk, A., 2016. The social responsibility of international business: From ethics and the
environment to CSR and sustainable development. Journal of World Business, 51(1), pp.23-34.
Michael, I.C., Min, W.Z., Ling, K.C. and Kai, D.Y.S., 2015. Proposition of an Interactive
Process Approach in Exploring the Relationship between Corporate Social Responsibility (CSR)
Strategy and Perceived CSR: Case of ExxonMobil in Nigeria’s Petroleum Industry. International
Journal of Business and Management, 10(2), p.186.
Minta, M., Mittricker, F.F., Rasmussen, P.C., Starcher, L.K., Rasmussen, C.C., Wilkins, J.T. and
Meidel Jr, R.W., ExxonMobil Upstream Research Co, 2015. Low emission power generation and
hydrocarbon recovery systems and methods. U.S. Patent 8,984,857.
Mittricker, F.F., O'dea, D.M., Deckman, H.W., Rasmussen, C.C., Noble, D.R., Seitzman, J.M.,
Lieuwen, T.C., Dhanuka, S.K. and Huntington, R., Georgia Tech Research Corp and
ExxonMobil Upstream Research Co, 2016. Combustor systems and combustion burners for
combusting a fuel. U.S. Patent 9,353,940.
Muhammad, N., Scrimgeour, F., Reddy, K. and Abidin, S., 2015. The relationship between
environmental performance and financial performance in periods of growth and contraction:
evidence from Australian publicly listed companies. Journal of Cleaner Production, 102, pp.324-
332.
Muñoz, J.M. and Burnham, P., 2016. Subcontracting as corporate social responsibility pipeline
in the project chad-cameroon. The Anthropology of Corporate Social Responsibility, 18, p.152.
15CRITICAL ANALYSIS OF CSR
Raufflet, E., Cruz, L.B. and Bres, L., 2014. An assessment of corporate social responsibility
practices in the mining and oil and gas industries. Journal of Cleaner production, 84, pp.256-270.
Schneider, J., Ghettas, S., Merdaci, N., Brown, M., Martyniuk, J., Alshehri, W. and Trojan, A.,
2013. Towards sustainability in the oil and gas sector: benchmarking of environmental, health,
and safety efforts. Journal of Environmental Sustainability, 3(3), p.6.
Tai, F.M. and Chuang, S.H., 2014. Corporate social responsibility. Ibusiness, 6(03), p.117.
Valenti, A., Carden, L.L. and Boyd, R.O., 2014. Corporate social responsibility and businesses:
Examining the criteria for effective corporate implementation utilizing case
studies. International Journal of Business and Social Science, 5(3).
Yusuf, Y.Y., Gunasekaran, A., Musa, A., El-Berishy, N.M., Abubakar, T. and Ambursa, H.M.,
2013. The UK oil and gas supply chains: An empirical analysis of adoption of sustainable
measures and performance outcomes. International Journal of Production Economics, 146(2),
pp.501-514.
Raufflet, E., Cruz, L.B. and Bres, L., 2014. An assessment of corporate social responsibility
practices in the mining and oil and gas industries. Journal of Cleaner production, 84, pp.256-270.
Schneider, J., Ghettas, S., Merdaci, N., Brown, M., Martyniuk, J., Alshehri, W. and Trojan, A.,
2013. Towards sustainability in the oil and gas sector: benchmarking of environmental, health,
and safety efforts. Journal of Environmental Sustainability, 3(3), p.6.
Tai, F.M. and Chuang, S.H., 2014. Corporate social responsibility. Ibusiness, 6(03), p.117.
Valenti, A., Carden, L.L. and Boyd, R.O., 2014. Corporate social responsibility and businesses:
Examining the criteria for effective corporate implementation utilizing case
studies. International Journal of Business and Social Science, 5(3).
Yusuf, Y.Y., Gunasekaran, A., Musa, A., El-Berishy, N.M., Abubakar, T. and Ambursa, H.M.,
2013. The UK oil and gas supply chains: An empirical analysis of adoption of sustainable
measures and performance outcomes. International Journal of Production Economics, 146(2),
pp.501-514.
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