Impact of Csr on the SCM Strategy of Oil and Gas Companies in Europe

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CSR or Corporate Social Responsibility is a corporate self-regulation that is integrated within a business model. It promotes idea of business accountability to many stakeholders and investors. A business can monitor and ensure the active compliance. The ethical standard, laws, and international and national laws are involved in it. The responsibilities of corporate actions are embraced and an encouragement is given for achieving a good impact on stakeholders including employees, consumers, investors and environment.CSR is becoming a common business concept in modern economics. Through structures and practices, it is becoming globalised (Aras and Crowther, 2009).

Multinational companies have challenges due to global reach of the company’s supply chain and the irresponsible practices of the supply chain. Thus in this capitalist world, CRS is a misfit (Amaesh, 2008).

Oil and gas sector is an important sector in growing economy. It has practical application in different disciplines like sociology, international relations, politics, finance, economics and law. The effects of the oil and gas industry also have implications for international and national organizations and corporate relations (Epa.gov, 2015). The study undertaken deals with impact of CSR on the supply chain management strategy of oil and gas companies in Europe. The affects of CSR is studied thoroughly.

References

Amaesh, K. (2008). Corporate Social Responsibility in Supply Chains of Global Brands: A Boundaryless Responsibility? Clarifications, exceptions and implications. [online] dspace.lib.cranfield.ac.uk. Available at: https://dspace.lib.cranfield.ac.uk/bitstream/1826/3312/1/Amaeshi%20-%20CSR%20Supply%20-%20JBE.pdf [Accessed 25 Jul. 2015].

Aras, G. and Crowther, D. (2009). Global perspectives on corporate governance and CSR. Farnham: Gower.

Epa.gov, (2015). Oil and Gas | Sector Information | Sector-Based Information and Resources | US EPA. [online] Available at: https://www.epa.gov/sectors/sectorinfo/sectorprofiles/oilandgas.html [Accessed 25 Jul. 2015].