Impact of the BP oil spill on Corporate Social Responsibility in the Oil Sector

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ACKNOWLEDGEMENT

I would like to take this chance for thanking my research facilitator, friends & family for support they provided & their belief in me as well as guidance they provided without which I would have never been able to do this research.



DECLARATION

I, (Your name), would like to declare that all contents included in this thesis/dissertation stand for my individual work without any aid, & this thesis/dissertation has not been submitted for any examination at academic as well as professional level previously. It is also representing my very own views & not essentially which are associated with university.

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ABSTRACT

This Research analyzes the impact of the BP oil spill on corporate social responsibility in the oil sector; investigate the history, development and formation of corporate social responsibility in the oil sector, examine the definitions of corporate social responsibility and explore opportunities for oil companies to become more socially responsible. This research is founded on the secondary data. The research encompasses the publications, articles and similar studies accessible on the internet. Keeping in view the approach taken in earlier studies the research began with a broad analysis of the existing literature, and interned to analyze the impact BP oil spill on corporate social responsibility of oil industry

Table of contents

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

TABLE OF CONTENTSV

CHAPTER 01: INTRODUCTION1

Background of the Study1

Aims and Objectives of the Research2

Research Questions2

Significance of the Study3

CHAPTER 02: LITERATURE REVIEW4

Overview of corporate social responsibility4

Contradictions over CSR5

Transformations for Desirable Society7

CSR in the 21st century7

Right Way to do Business8

Evolution of CSR8

CSR and Business Ethics10

Impact of CSR11

CSR in Colombia Oil Industry13

CHAPTER 03: METHODOLOGY17

Research Design17

Search Technique18

Secondary Research19

Advantages of Secondary Research19

Disadvantages of Secondary Research20

Inclusion and exclusion criteria20

CHAPTER 04: DISCUSSION AND ANALYSIS21

CSR is a Learning Process21

Global influence of BP's CSR23

BP's Regional and Local CSR24

CHAPTER 05: CONCLUSION27

REFERENCES31

CHAPTER 01: INTRODUCTION

Background of the Study

There has been no agreement on whether a way of doing business with corporate social responsibility (CSR) can lead to a sustainable development that sustains and enhances the life of a world population. The UN World Conference on Development and the Environment, and the World Summit on Sustainable Development have fostered ideas of SD designed to meet the needs of present and future generations within nature's limitations. These ideas, in turn, were introduced into business, revitalizing the concept of CSR, which the World Business Council for Sustainable Development Report defines as the commitment of business to contribute to sustainable economic development, working with employees, their families, the local community and society at large to improve their quality of life. Despite contradictions, the idea of companies contributing to sustainability has placed CSR as one of the major issues for business in this century.

Furthermore, it has been argued that companies with a proactive approach towards sustainability will receive the benefits of innovation, first mover advantage and win-win stakeholders' relationships in their business. Websites, reports and programs of transnational oil companies, such as BP, Shell, Nexen or Talisman, show the companies' advances regarding CSR practices and contributions to ...