13). Various oil companies like that of ‘Shell, Chevron, BP-Amoco, ExxonMobil, Occidental, TotalFinaElf, ENI, etc, in the United Nations’ Global Compact’, have established the “Global Reporting Initiative (GRI), the Sullivan Principle, the Voluntary Principles on Security and Human Rights, the Millennium Development Goals, Dow Jones Sustainability Index” (Tuodolo, 2009, p.531) as basic safeguard measures in the prevention of proper CSR practices. Large-scale investments are also made by the companies in the management of corporate social responsibility (Hancock, 2005, p.256). As for instance, it can be stated that British Petroleum has taken the initiative in investing around $ 8 billion in alternative energies like solar, hydrogen and wind power (Millstein, 2006). The companies are also maintaining eco-friendly as well as socially conscious sustainability reports. It is a fact that the oil companies maintain the very presence of the CSR policies in their records, but if in-depth scrutiny is implemented then the evaluation of the appropriateness of the policies develops a legitimate question. Sense Making and sustainability in Petroleum industry.
Please type your essay title, choose your document type, enter your email and we send you essay samples