This study evaluates the effectiveness of Corporate Social Responsibility (CSR) policies in promoting ethical business practices and contributing to sustainable development in the oil and gas industry. The research primarily utilizes secondary data from literature, reports, and websites of leading oil and gas companies, alongside United Nations initiatives in CSR. Six organizations were selected as case studies: Shell, ExxonMobil, TotalEnergies, Chevron, Nigeria LNG, and Niger Delta Power Holding Company Ltd. Among these, four are multinational corporations, while two are government-owned entities operating in the Niger Delta region of Nigeria.
The analysis focuses on evaluating the CSR and social investment programs implemented by these organizations and their impact on achieving sustainable development goals (SDGs) and fostering ethical business practices. The findings provide insights into the effectiveness of these initiatives in addressing social, environmental, and economic challenges in the region, highlighting areas of success as well as opportunities for improvement.
The research identified that each organization has specific areas of focus based on its competitive advantage, capabilities, and capacity to deliver. While some organizations demonstrated consistency in reporting their programs, milestones, and achievements, others had outdated information, making it difficult to assess their effectiveness and consistency in delivering CSR programs and implementing sustainability policies. The study underscores the importance of regular and transparent reporting to accurately measure the impact of CSR initiatives.
- Quote paper
- Opeyemi Ipinnaiye (Author), 2024, The effectiveness of corporate social responsibility (CSR) policies in promoting ethical business practices and contributing to sustainable development in Nigeria’s oil and gas sector, Munich, GRIN Verlag, https://www.grin.com/document/1611552
