CSR of Santos Limited

Running Head CSR of Santos Limited 0
Corporate social responsibilities
SANTOS Limited

CSR of Santos Limited 1
Executive Summary
This report includes the Santos Limited detailed background along with the newspaper
story where Santos outlined the future plan of coal seam gas exploration where farmers and
businesses were concern about the plan that it will cover all the area of Liverpool Plains. The
accounting theory will is discussed. The CSR framework of Santos Limited will be discussed
and the focus is made on the integrated reporting as it helped the firm for the development of the
future. The triple bottom line theory will be explained which includes people, profit and planet in
relation to the newspaper story. The prediction will be done for the future than how it will help in
running the business in the future. The impact of the CSR reporting on business along with its
pros and cons will be highlighted. Also, the need for accounting theory will be explained.
Contents

CSR of Santos Limited 2
Introduction......................................................................................................................................3
Company background......................................................................................................................4
CSR of Santos Ltd...........................................................................................................................4
Triple bottom line theory of CSR....................................................................................................7
Conclusion.....................................................................................................................................10
Reference.......................................................................................................................................11

CSR of Santos Limited 3
Introduction
South Australia Northern Territory Oil Search
SANTOS Limited is a public company founded on 18 March 1954. It is an Australian
energy pioneer which is Natural Gas Company. It produces and provides natural gas to homes
and businesses by delivering environmental benefits. It also delivers the long term value to its
shareholders. Headquarter of SANTOS limited is in South Australia. The CEO of the company is
Kevin Gallagher. The products of SANTOS limited are Gas and Petroleum exploration, LPG,
CSG, crude oil.
Corporate social responsibility is the regulations of the organization which they follow to
run a business effectively without any repercussions to the nearby environment and people.
Every company has their responsibilities towards society, stakeholders and public. It includes
sustainability, social impact, and ethics, and the business should be done correctly to make
money. Companies create a positive impact on society. It is a commitment by the company to
behave morally and contribute to economic development while improving the lives of employees
and their families and also the community and society on large. To sustain in the market it has
become an important part of creating wealth (Witkowska, 2016).
The report is all about the corporate social responsibility of SANTOS Limited. It makes
the commitment to society for the establishment and maintaining the mutual benefit relationship
with society. The activities of the company rely on five pillars which are environment and
climate change, communities, training and education, healthy leaving and indigenous. Santos had
outlined the plan for the future of Liverpool plains coal seam gas. Accounting theory relevant to
theory is the triple bottom line in which people, profit and planet are important for the company
(Fernando & Lawrence, 2014).