Evaluation of the Impact of My Selected Business's Ethical Behaviour on Stakeholders and He Business.

Topics: Ethics, Sustainable energy, Energy development Pages: 7 (3247 words) Published: June 18, 2013
D1 - Evaluation of the impact of my selected business's ethical behaviour on stakeholders and he business. From: Remigiusz Chodorowski
To: BP's executive manager
Purpose: Evaluation of the impact of BP's ethical behaviour on stakeholders and he business. Date: 20/03/2013
There were always contorversries related to BP's operatons. People were divied into those, who treated BP as a company providing petrol of good quality and wiling to purchase petrol from Britsh giant, and to those thinking that BP is one of those big companies which doesn't care about anything but profit and acting unethical on their way to that profit. Back in 2010 Gulf of Mexico accident happened, and then even more people started to hate BP. This could have happened to Shell, or Texaco, but since then people started to assocaite BP with evil and one of the most unethical company in the world. A lot of people still don't buy petrol from BP as they don't want to support the company responsible of the damages in the Gulf of Mexico. In this report I ;ist the issue that BP should tacke and say how these would affect different stakeholders and the business. Ethical Issues

There are various ethical issues, which BP needs to consider in its operations. These are as follow Environment – BP as a company doing operations such as: finding and extracting oil and gas needs to consider environmental issues. Many people believe that BP doesn’t care about environment and put money about the health of our planet. That’s why BP needs to ensure that all company’s operations don’t harm the environment. The most recent environmental issue of BP was oil spill in the Gulf of Mexico back in April 2010, causing massive pollution to the gulf and other habitats. On the evening of April 20, 2010, a gas release and subsequent explosion occurred on the Deep-water Horizon oil rig working on the Macondo exploration well for BP in the Gulf of Mexico. Eleven people died as a result of the accident and others were injured. The fire burned for 36 hours before the rig sank, and hydrocarbons leaked into the Gulf of Mexico before the well was closed and sealed. After that accident, on BP’s website there is a separate section relating to this topic. There are information about for example, commitments to the Gulf, restoring the environment and restoring the economy. Corporate Social Responsibility – It is initiative to assess and take responsibility for the company's effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups.

http://www.investopedia.com/terms/c/corp-social-responsibility.asp#ixzz2JM7QRFVC[->0] BP is a company delivering natural resources we all need – gas, oil. BP cannot forget about society as its operations have an impact on people and the planet as well. The company needs to commit to behave ethically, contribute to economic development, improving the quality of life of the workforce, and being responsible of all stakeholders such as: customers, government, employees, shareholders etc. Sustainability – It is about having no negative impact on the global or local environment, community, society or economy. In case of BP it means that company of course needs to continue its operations, however, there is a need for changing locations in which company operates. For example, BP cannot drill in point A forever, as resources taking from that point will be finished at some point, also drilling in one place for a long period of time can be dangerous for employees and the area where BP drills. That is why BP is constantly looking for new places, where resources can be extracted from, so their operations can be moved from point A, to point B. Also, company needs to be sustain as its responsible on all its stakeholders, and for example, employees cannot lose their job just like that, so BP needs to find an alternative beneficial...
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