Professional Documents
Culture Documents
Summary of Presentation
1. History of Corporate Social Responsibility (CSR) 2. Current Status- Oil and Gas Companies 3. Praise and Criticism 4. Pros/Cons-the Debate 5. Conclusion and Recommendations
1. History of CSR
A. Concept
a. corporate social responsibility- 1970s b. The inclusion of public interest into corporate decision-making
G. Arrange several cultural programme and competition for local student, youth and others.
H. Arrange festivals for local people. I. Conduct census, Election and other national programme.
A. Shell
d. Other
Concerns
ii. Environmental record Disposal of the Brent Spar platform Reserved due to public pressure and commitment to sustainable development
A. Shell
e.
Current
i. Desire to be viewed as socially responsible
ii. TV advertisements iii. Website initiatives Energy efficiency, fuel economy, technology, energy security, working with others, tackling putting its money where its mouth is
A. Shell
f. Searching
for a Consensus
B. Chevron
a. Background
i. 1879 in California ii. American multinational iii. Approximately 67,000 employees worldwide
B. Chevron
b. Corporate
Responsibility Management
ii. Global Issues Committee iii. Vice President- policy, government and public affairs iv. Vice President- health, environment and safety v. Other managerial positions for specific areas
B. Chevron
c. What
they do
i. Reaching out to save lives ii. Learning about future energy iii. Introducing youth to science iv. Using energy efficiency v. Backs up feel good statements
C. BP
a. Background
i. England ii. Third largest energy company worldwide iii. Fourth largest company
C. BP
b. Re-branding (beyond petroleum) i. Energy Challenge
Deepwater exploration New technologies More from mature fields
C. BP
ii. Climate change and environment challenges
Performance monitoring and developing efficient fuels and lubricants Promote natural gas Focus on remediation Tree planting in IL Advanced Seismic Imagery Technology
C. BP
Extended Horizontal Drilling New cleaning procedure for crude oil tank Water recycling plant New ways of making PTA Inclusion of cost of carbon in investment appraisals
C. BP
iii. Alternative energy
Invest in low-carbon businesses Invest in renewables and carbon capture and storages
D. ExxonMobil
a. Background
i. ii. American multinational One of the largest publicly traded companies in the world iii. Worlds largest global refiner
D. ExxonMobil
b. Current-
D. ExxonMobil
ii. Climate change
D. ExxonMobil
iii. Human rights and security
D. ExxonMobil
c. Searching
for a Consensus
i. Young company
ii. Corporations strong interest in stakeholder opinion iii. Combined average 1. citizenship, governance and workplace
ii. The energy industry ranked the last in the perception of U.S. industries
4. Pros/Cons-The Debate
Q: Is it in the nature of business to engage in CSR? C: No. CSRs increase costs-> less efficient P: Yes. Social aspects of corporations C: Posner-> goal towards profits P: Power of corporations
4. The Debate
Q: Whose job is it to address environmental issues? P: corporations are in a unique position to impact our environment C: The government can enact changes to remedy environmental issues P: inefficient and ineffective governments C: spread the financial burden
4. The Debate
Q: Are CSR initiatives necessarily costly? C: Yes. New expenditure. Corporations should only look to stakeholder interest. P: No. Customer loyalty, human resources objectives, risk management, brand differentiation, and the ability to attract investors
4. The Debate
Q: Closing words C: Give money back to shareholders. They can decide how to invest P: Win-Win projects
B. Recommendation
a. Keep it up!
The End
Thank you!