Sustainability in the Petroleum Industry: Theory and Practice of Voluntary Self-Commitments
Univ. of Wittenberg Business Ethics Study No. 2010-1
112 Pages Posted: 27 Apr 2010
Date Written: February 1, 2010
The petroleum industry is confronted with severe deficits in the institutional framework for global business. In order to fill the gap, companies react with voluntary commitments to ecological, social and governance standards. This study analyses a broad variety of Best Practice projects in order to evaluate whether such "new governance" initiatives can contribute to sustainable development.
Keywords: petroleum industry, voluntary commitments, sustainability, new-governance processes, corporate citizenship, ordo-responsibility
JEL Classification: A12, A13, A23, B52, D02, D21, F02, F59, M14
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