CSR and the Oil Industry - a Worm's Eye View
Article from: OGEL 4 (2004), in Environmental, Social and Governance (ESG)
CSR in a Hot Climate
A UK Department of Trade and Industry working group in April 2003 succinctly defined Corporate Social Responsibility (CSR) as "the management of an organisation's total impact upon both its immediate stakeholders and upon the society within which it operates". That sound bite is good enough for the purposes of this article, and leads to the hardly earth shattering observation, but one important for the oil industry: that the practice and components of a credible CSR strategy will have conspicuously different forms in societies whose principal characteristics include widespread ...