Enterprise and Social Responsibility
Academic Year 2010/2011
Identify each of the stakeholders and how they are affected. What are the main harms and benefits in this case for the different stakeholders based on the current situation?
|Stakeholders |Harm |Benefits | | | | | | | | | | | | |
British Gas, better known as BG T&T is an established company in Trinidad and Tobago. This company supplies natural gas for domestic use and also liquefaction and export. In addition, BG T&T is a significant shareholder in the Atlantic LNG plant in Point Fortin, Trinidad, and has recently acquired the central block upstream operations on land. BG Trinidad & Tobago (BG T&T) has been operating in the region since 1989. It is operator (?) and has 50 per cent equity in the Dolphin field, off the east coast of Trinidad. The field supplies up to 264 million standard cubic feet of gas per day to the National Gas Company of Trinidad and Tobago under a 20-year supply contract. A development plan for the ‘Dolphin Deep' and ‘Starfish' fields in the East Coast Marine Area has been submitted to the Government of Trinidad & Tobago.
1.1 SOCIAL ISSUES
Of great importance to the gas exploration and development activities are the impacts on the social, economic and Is this Essay helpful? Join OPPapers to read more and access more than 250,000 just like it! GET BETTER GRADES
environment. BG, therefore has an obligation to recognize and manage the potential impact of their industry on national and local communities, on economies and the environment in which they operate. British Gas believes that their business activities can create economic opportunities and benefits to enhance the quality of life for both their employees and the communities in which they operate. Therefore, BG has put into place a policy defined as Corporate Responsibilities to manage its' role in society in a responsible way. There has been pressure for a mandatory system of corporate reporting by Non-Governmental Organizations and the politicians who have recognized the value of corporate responsibilities. There was a risk that mandatory approach would suppress innovation and impose unnecessary burdens with the natural result of cost increase on data collection. However, the expected requirement that social, material and environmental risk must be reported publicly was an efficient way to...
BP is one of the largest companies in the world - with a turnover dwarfing that of some nation states. As an oil company, it is directly linked with the use of fossil fuels linked with major environmental challenges on a global scale. No company has achieved a higher profile in its stated determination to completely re-orientate the business to adapt to the needs of a more sustainable society. With its major - and controversial - rebranding and commitment to becoming a sustainable energy company rather than simply an oil company - it has inspired and impressed some, and irritated others. During his time in charge, Lord John Browne established himself as one of the most thoughtful business leaders taking a lead in corporate social responsibility. This was, however, a position that became tarnished at the end when a series of major accidents hit the company as a result of safety and maintenance failures.
BP the company
BP is one of the world's leading oil companies on the basis of market capitalisation and proven reserves. Its main businesses are Exploration and Production, Refining and...