This paper focuses on the ways oil spills namely ExxonMobil, Shell and Chevron Corporation have implemented environmental accountabilities as a form of competitive advantage.
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Running head: OIL COMPANIES’ ENVIRONMENTAL RESPONSIBILITY USAGE OIL COMPANIES’ ENVIRONMENTAL RESPONSIBILITY USAGE Name of the Student: Name of the University: Author note:
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1OIL COMPANIES’ ENVIRONMENTAL RESPONSIBILITY USAGE The oil industry has been an excessively large industry, which contributes to over 40% of the energy demands of the US. This kind of energy has been considered as one of the contributors who have immense impact over the environment (Ihlen and Roper 2014 pp-42-51). The paper will intend to focus on the ways oil spills namely ExxonMobil, Shell and Chevron Corporationhaveimplementedenvironmentalaccountabilitiesasaformofcompetitive advantage. ExxonMobil, an American petroleumcompany has been immensely committed towards the sustainable growth by balancing the economic development as well as environmental safeguard for its upcoming generations. The company’s corporate citizenship has been structured in order to provide to the wider range ofsustainability purposesof the society in order to gain competitive advantages(Schneideret al. 2013 pp-6). The company believes in theneed and demandstoconserve water, whichisregardedasa significantelement.Ithasinitiated approaches such as‘Nobody Gets Hurts’that has articulated value and importance which further established the organization’s concern as well as commitment towards the communities with which they deal with. The company has further facilitated in decreasing its rate by over 10% of freshwater consumption between 2007 and 2014(Uliasz-Misiak, Przybycin and Winid 2014pp- 68-77). Another significant approach initiated by ExxonMobil has been the Operations Integrity Management System (OIMS) that has effectively established a common outline in order to address safety, protection, health and other environmental as well as social risks and challenges. Shell Oil Companythat is a wholly owned subsidiary of the Royal Dutch Shell has intended to accomplish the recent energy demand and requirement in a sustainable manner through safe and protective operations, further reducing the influence on the environment as well as the distribution and allocated advantages with the communities they work in (Ihlen and Roper
2OIL COMPANIES’ ENVIRONMENTAL RESPONSIBILITY USAGE 2014 pp-42-51). The company has been engaged in a movement that seeks to lower-carbon energy consumption in its future endeavours. Shell has administereddirect GHG emissionsby performing on the enhancing the energy effectiveness of the facilities(Shuen, Feiler and Teece 2014 pp- 5-13). It further has accessibility to the water resources in the areas of its operations and administers competences the ways it facilitates in thereduction of water usage. The report delivered by the organization offers regular data to theCarbon Disclosure Projectand other organization that evaluated the economic, environmental as well as social performance of the companies. Chevron, an American oil and gas corporationhas based its strategy on the company’s vision and aim to be regarded as the international energy consumption organization for its people, affiliation and performance. The organization’s CSR activities mentions in particular three fundamental values namelypartnership, diversity and safeguardingits people and the environment. Chevron has successfully incorporated its CSR activities by making it one of its 13 chief elements in itsOperational Excellence Management System(Allen 2016 pp-1-19). The company has facilitated its business operations to focus on the social as well as environmental impact of the business decisions and operations of the company in order to improve its competitive advantages within the oil industry. Therefore, from the above discussion, it can be concluded that unique and innovative approach towards sustainability and effective allocation of social and environmental projects havefacilitatedtheoilcompaniestoimplementenvironmentalresponsibilitiesand accountabilities as a competitive advantage to the oil spill industry.
3OIL COMPANIES’ ENVIRONMENTAL RESPONSIBILITY USAGE References Allen, M., 2016. Sustainability and Communication. InStrategic Communication for Sustainable Organizations(pp. 1-19). Springer, Cham. Ihlen,Ø.andRoper,J.,2014.Corporatereportsonsustainabilityandsustainable development:‘We have arrived’.Sustainable development,22(1), pp.42-51. 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. Shuen, A., Feiler, P.F. and Teece, D.J., 2014. Dynamic capabilities in the upstream oil and gas sector: Managing next generation competition.Energy Strategy Reviews,3, pp.5-13. Uliasz-Misiak, B., Przybycin, A. and Winid, B., 2014. Shale and tight gas in Poland—legal and environmental issues.Energy Policy,65, pp.68-77.