Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/161586 
Year of Publication: 
2017
Series/Report no.: 
WIDER Working Paper No. 2017/22
Publisher: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Abstract: 
This paper provides an overview of social and environmental management practices in the oil and gas industry. It outlines the evolution of international oil companies' approaches over the last 20 years, reviews what social and environmental management amongst such companies means in practice, and highlights some of the unresolved issues emerging today. While most companies now model their approach to social and environmental management on international norms, they face a variety of drivers of their practices. These range from complying with international standards in order to gain access to finance, to complying with new host country legislation and regulation, and gaining and maintaining a good reputation and a 'social licence to operate'. This paper argues that the complexity of these drivers problematizes the portrayal of the industry's social and environmental management as 'voluntary' corporate social responsibility, and somewhat renders the latter term misleading.
Subjects: 
social performance
social investment
corporate social responsibility
impact management
extractive industries
oil and gas industry
Persistent Identifier of the first edition: 
ISBN: 
978-92-9256-246-5
Document Type: 
Working Paper

Files in This Item:
File
Size
385.93 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.