Corporate social responsibility: is an investment in this beneficial to your organization? 1.1 Introduction
The population of the planet rising rapidly and it impacts on the environment. The balance between society, environment and the world economics is the challenge for sustainable development. The decade of the 1970’s was a watershed year for International Environmentalism. The first United Nations (UN) Conference on Human Environment was held in Stockholm in 1972 which lead to the formation of the United Nations Environmental Program (UNEP) (Lyn Arscott, 2003). During this period government and public started to declare their concerns about Environmental Problems and lots of legislations acts and laws were created as a government reaction. The response of the Industry was to create and implement management systems and standards for Health, Safety and Environment (HSE). All management systems, policies and procedures grew not only HSE but also social responsibility, Code of Ethic, Anti-corruption policies, etc. Corporate social responsibility (CSR) is an important part of companies’ businesses plans. Economically speaking it opens doors to obtain business in new country. Companies have learned to be more sensitive to social issues and human rights. Socially speaking CSR improves life of current generation and future ones to better what satisfy individuals and make social atmosphere pleasant and more secured. Oil and gas industry plays important role in managing operations, HSE, CSR programs, reducing ecological impact and discharges while providing services and products. One of those company is oil services company Schlumberger where I work. The Schlumberger is connected to global challenges that impact employees, contractors, suppliers, clients, shareholders, families and communities. Our company cares a lot about its name reputation, quality of service and compliance, ethics and governance, health and safety, diversity and people development. The...
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