CSR Activities of ExxonMobil, BP, and Royal Dutch Shell
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This article discusses the Corporate Social Responsibility (CSR) activities of ExxonMobil, BP, and Royal Dutch Shell. It covers their initiatives towards health and safety, environmental responsibility, and community development.
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Running head: CSR ACTIVITIES OF EXXONMOBIL, BP, AND ROYAL DUTCH SHELL CSR ACTIVITIES OF EXXONMOBIL, BP, AND ROYAL DUTCH SHELL Name of the Student: Name of the University: Author note:
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1 CSR ACTIVITIES OF EXXONMOBIL, BP, AND ROYAL DUTCH SHELL ExxonMobil’s CSR Activities The ExxonMobil organization has introduced several Corporate Social Responsibility initiativeswithapurposeofproducingthebestinternationallyandprioritizingCSR. ExxonMobil comprises of certain incorporated practices and policies that further ascertains the organization to accomplish health and safety standards along with integrated principles to their clients and stakeholders whilst guaranteeing social and environmental responsibility within the company’s practices at an international level. ExxonMobil has been committed to safety that is regardedasafundamentalvalueandanintegratedpartoftheorganizationalculture (ExxonMobil 2018). The company follows a inclusive approach to managing process protection. Process safety is regarded to the equipment, processes and induction that cause prevention to the unrestrained release of hydrocarbons as well as hazardous materials. The company comprises of set of processes to enhance productivity, and mitigate and contribute to successful enduring resolutions to manage climate transformation risks. ExxonMobil in 2016, had a net equity greenhouse gas emission that increased by over 3 million carbon dioxide that is equal to metric tons (ExxonMobil 2018). The company further evaluates the environmental circumstance of regions whereby they operate to recognize biodiversity as well as environment services risks and suitable safeguard measures. Furthermore, ExxonMobil has operated in areas where involvement with host governments is undertaken to aid security and honour for human rights in neighbouring operations. ExxonMobil supported the Voluntary Principles and Values through the facilitation of pilot communities located in Nigeria, Ghana as well as Myanmar which were organized to improve local partnership on human rights activities among governments, NGOs along with other clients. The company’s approach towards empowering women economically is regarded as the chief factor to improve local and national progress by aiding women in developing regions as well as donating to an improved equitable society (ExxonMobil 2018). In 2015, ExxonMobil has been reportedly spend over $100 million ion programs that aid investigation to recognize the most productive ways to enhance the economic status and also develop women cultivators, entrepreneurs as well as business leaders and further improve the accessibility of women to technology (ExxonMobil 2018). The company has acknowledged its stakeholders to take action in order to enhance environmental performance. For instance, the company has performed with several proponents to recognize opportunities for enduring improvement in environmental performance that develop the competences and create common principles for business and their suppliers.
2 CSR ACTIVITIES OF EXXONMOBIL, BP, AND ROYAL DUTCH SHELL British Petroleum CSR Activities The CSR strategy posed by British Petroleum has successfully posed significance to three performance measures that comprise the social, environmental as well as economic regarded as the triple bottom line. The company’s CSR activities concentrates on five aspects which involve theemployeeassociations,ethicalconduct,alongwithheathwelfareandenvironmental performances. BP is the leading operated renewable business among our oil and gas competitors. Furthermore, it functions a biofuels business in Brazil, implementing one of the world’s most sustainable and beneficial feedstocks to generate low carbon ethanol along with low carbon power energy. BP currently is accounting for almost 55% of total energy consumption and anticipates that by 2035 the company will have more than 25% of share with a gross growth of declining in this year (Bp.com 2018). The company has active participation in carbon trading markets since their establishment commencing in European region and growing till US , China and New Zealand. BP’s aid of low carbon assignment operations caused a decline in annual emission of over 20Mte of carbon dioxide in the form of compensations. Furthermore, BP for the past two decades have been associated with Princeton University in the US in order to recognize the most authentic methods of detaining and storing major proportion of the world’s carbon emissions from fossil fuels. The company is further working with Oil and gas climate initiatives to assist rapid scale use of fossil fuels. This is regarded as one of the most targeted areas for their proposal and initiatives of $1 billion motor vehicles guaranteed to the growth of low emissions technology (Bp.com 2018). In order to follow the welfare performance, BP utilizes industry metrics namely American Petroleum Institute suggested practice 754 (Bp.com 2018). Their operating management system that envelops demands and requirements of safety, protection, contractual associations, as well as organizational induction is framed to assist BP ton manage risks, challenges and facilitate improvements.
3 CSR ACTIVITIES OF EXXONMOBIL, BP, AND ROYAL DUTCH SHELL CSR activities of Royal Dutch Shell There are several CSR activities initiated by Shell that involves in its recreation of social accountabilitythatcoverexternalfactorssuchasenvironmentalsafeguard,community associations and human rights along with factors related to transparency. The company in recent times has managed to enhance its production from new proponents such as offshore deep water explorations along with improved supply chain competences. Thus, it has acquired its increase in production averaging from 30% annually (Shell.com 2018). Shell has been engaged with shareholder funding to provide enduring revenues in comparison to other leading oil and gas companies. For instance, the company has been intimately functioning with government to assist them in realizing Nigeria’s power and energy competence and further facilitate fir social grpwth and development. With the assistance of Nigerian government, Shell has managed to witness its expansion and energy sector in Nigeria. As per reports, it has been examined that client salience model of Shell and Tata Steel, the Royal Dutch Shell has imposed by expectant shareholders like Greenpeace in societal growth and accountability (Shell.com 2018). The majority section of the company has been found in areas whereby they had unimpressive experience along with crucial social effects. The objective of Shell to acquire social accountability to its stakeholders and offer them with improved quality of product and services has resulted in contributing to the company’s sustainable growth and development. Shell identifies its major responsibilities to safeguard the funding of clients, and offer them better quality product and safety assurance to consumers, and peaceful working condition to the employee base. The company’s amenities and refineries of the company comprise of vital influence on the community, thus Shell conducts social performance strategies and assessment plans.
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4 CSR ACTIVITIES OF EXXONMOBIL, BP, AND ROYAL DUTCH SHELL References Bp.com.(2018).[online]Availableat: https://www.bp.com/content/dam/bp/en/corporate/pdf/sustainability-report/group-reports/bp- sustainability-report-2016.pdf [Accessed 24 Apr. 2018]. Bp.com.(2018).[online]Availableat: https://www.bp.com/content/dam/bp/en/corporate/pdf/investors/bp-annual-report-and-form-20f- 2017.pdf [Accessed 24 Apr. 2018]. ExxonMobil. (2018).ExxonMobil assesses performance at many levels of our organization to support continual improvement in all areas of corporate citizenship.. [online] Available at: http://corporate.exxonmobil.com/en/community/corporate-citizenship-report/charts/performance- data-table?parentId=c1f2fc43-1c09-4c34-8d85-227a1f30b773 [Accessed 24 Apr. 2018]. ExxonMobil. (2018).ExxonMobil named best overall company in CSR. [online] Available at: http://corporate.exxonmobil.com/en/company/worldwide-operations/locations/nigeria/news- releases/exxonmobil-named-best-overall-company-in-csr [Accessed 24 Apr. 2018]. Shell.com.(2018).Sustainabilityreports.[online]Availableat: https://www.shell.com/sustainability/sustainability-reporting-and-performance-data/ sustainability-reports.html [Accessed 24 Apr. 2018]. Shell.com.(2018).Sustainability.[online]Availableat: https://www.shell.com/sustainability.html [Accessed 24 Apr. 2018].
5 CSR ACTIVITIES OF EXXONMOBIL, BP, AND ROYAL DUTCH SHELL Appendix (ExxonMobil 2018)
6 CSR ACTIVITIES OF EXXONMOBIL, BP, AND ROYAL DUTCH SHELL (Bp.com 2018) (Shell.com 2018)