Triple bottom Line practitioners of Oil Sands Sector



ABSTRACT

The purpose of this study is to investigate the oil sand sector implementation of sustainable business practices. The study also investigates how Triple bottom line is being used by oil sand sector for measuring their sustainability. This study enables the researcher the significance of implementing sustainable business practice in the oil sand sector. The study also highlights the importance of TBL for the growth of any Oil sand sector. In this research study, the mixed method was employed. After the survey analysis this can be depicted that the main motivation of oil sand companies for promoting sustainable policies is to comply with laws and regulations. These companies are promoting sustainable policies for improving the bottom line and upgrading company's image is also the reason behind promoting sustainable policies. Oil sand companies are aware with sustainability significance for their companies. These companies reporting are being determined by their business strategies. Oil sand companies like shell and ONGC there is a strong relationship between commitment towards sustainable goals and company's financial performance. Sustainability goals are being integrated into their businesses practice. These companies are implementing sustainable strategy for meeting the energy challenges, operating management system, environment management, and for socio economic contribution. These companies are implementing triple bottom line metrics for measuring its sustainability. The hypothesis testing depicted that Oil sand companies (ONGC and Shell) are practicing sustainable business practices and implementing Triple bottom Line for measuring sustainability. Thus, the analysis and discussion chapter proved that oil sand companies such as ONGC and Shell are fully aware of sustainability practices and these companies have been implemented these sustainable practices into their business practices. These companies are implementing TBL and due to that these companies are having good companies' image and earning lucrative results.

TABLE OF CONTENTS

ABSTRACTII

CHAPTER 1: INTRODUCTION1

Background of the study1

Research hypothesis4

Research aims and objectives4

Aims4

Objectives4

Significance of the study4

Dissertation organizations5

CHAPTER 2: LITERATURE REVIEW6

Corporate Social Responsibility6

CSR into business strategy10

Oil Sand companies and sustainability11

CHAPTER 3: METHODOLOGY14

Introduction14

Research Design14

Mixed methodology15

Quantitative research method15

Qualitative data methods16

Data collection methods and tools16

Survey16

Data analysis17

Sampling method18

Sample size18

Participants18

Research limitations18

Validity and Reliability19

Research Ethics19

CHAPTER 4: ANALYSIS AND DISCUSSION21

Inferential analysis (hypothesis testing)21

Descriptive Questionnaire analysis21

Discussion28

Oil Sands Sector Is Practicing TBL Through Their Initiatives And Sustainability Reports31

CHAPTER 5: CONCLUSION AND RECOMMENDATIONS32

Recommendations34

REFERENCES35

APPENDIX41

CHAPTER 1: INTRODUCTION

Background of the study

The increased growth of the sustainable paradigm is reflected in the planning study programs today. This influx of sustainability within the study of planning will reflect a greater increase in sustainability within the oil sand industry in the coming years much as the social aspects were an increased focus in the past forty years. The sustainability perspectives include a decrease in waste and an increase in reliable resources management along future stabilized growth patterns. The management of resources is going to require changes in oil sand industry in sustainable venues; whether social, economic, or environmental. Balance within business structures is not the only equilibrium that is being reached for in the sustainability paradigm. Sustainability also requires a balance between the areas of social, economic, and ...