The Environmental Performance of Chevron in Terms of Fulfilling Social Needs Within Society and Stakeholders

Businesses who participate in environmentally friendly practices will become more profitable. There are difficulties and costs that a business will face and profit takes time but is proven to positively impact a business. “The reluctance to address the forces that are polluting the planet always comes down to money (Smith, “6 Reasons Nations Don't Go Green.”). Implementing environmentally friendly practices within a company “will win them customers, and increase profits” (McDonald, “Why Do (or Don’t) Companies Go Green?”). Many global companies today carry out environmental management tools to adapt to environmentally friendly practices, which helps gain customers, and in turn becomes more profitable. In this paper, I will go into further detail explaining why businesses should be more environmentally friendly, the benefits to be gained, costs that come with being environmentally friendly, and management ways that help a company become environmentally friendly.

Many firms are learning that being environmentally friendly and sustainable has numerous benefits. (O.C Ferrell, Fraedrich, Ferrell, 2015). This could enable them to increase goodwill from various stakeholders and also save money in the long term. This will mean that they are being more efficient and less wasteful of resources, which will enable them to be more competitive by satisfying stakeholders. The CEO of

In the era of capitalism and fierce corporate rivalries, the agenda for any major corporation is likely to prioritize profits over social problems such as environmental degradation. An example that sheds light on the conflict between human interests and environmental responsibility is the controversial approval of the oil drilling in the Northern Slope region of Alaska and the drilling that has already

As we have seen an increase in awareness around sustainability and climate change, with the help of Al Gore’s Inconvenient Truth documentary in 2006, we see organizations moving towards mitigating the effects of climate change in various ways (Al Gore, n.d). As this corporate social responsibility has become more prevalent, organizations are now pushing their green agenda by publishing sustainability reports, doing mass marketing and implementing sustainable business practices to portray the image that they too are working towards protecting the earth’s natural environment all the while focusing on their underlying goal of selling their products and

These fossil fuels have many positive economic benefits for the company which intrigues them to use it, however fossil fuels don’t have the greatest benefits on our environment.

“Matson Navigation Co. spent $14 million to make its diesel-powered ships more environmentally friendly. The Honolulu-based company goes through the Port of Long Beach to bring supplies to Hawaii.” Even though Matson Navigation Co. is trying to erase their environmental footprint many people go out into the world and pollute it, some do not know, do not think about it, or just do not care. If people think or try new ways to make the world a bit cleaner, or just lower the percentage of pollution each year the Earth could become so much nicer and cleaner. To work with energy, there are many ways people can, first they could help make cleaner

This paper designed to investigate Exxon Valdez oil spill of March 24, 1989, to present general understanding of Corporate Social Responsibility (CSR).

CO2 is one of the many gases that are contributing to the global warming that is affecting the earth right now in the modern day. Global warming has many effects on the environment and one of the main ones we face today is the melting of the polar ice caps. Global warming is getting so bad because more people are driving cars, which burn the oil, so now the ice caps are melting at 9 percent per year. (Natural Recources Defense Council, 2015) If we keep this up global warming will get even worse and the Arctic Summers could be ice-free by 2040. (Natural Recources Defense Council, 2015) The sea level could also rise by 23 inches by 2100. (Natural Recources Defense Council, 2015) Greenland holds 10% of the worlds ice. If this all melts, which is what it is doing now, then the sea level could rise by 21 feet. (Natural Recources Defense Council,

This is not only a benefit to the environment, but it also benefits the shareholders as a more efficient company will turn a better profit. Suncor has made it a goal to improve energy efficiency by 10% by 2015. To do this is had focused on developing technologies to increase energy efficiency and recapture. Carbon capture and storage (CCS), Integrated CO2 Network (ICO2N) and CO2 Capture Project (CCP3) are all developed policy and technology projects that have been deployed throughout the Suncor organization. Suncor is also taking a leadership role in Carbon Management Canada (CMC). Suncor is revisiting future growth project designs to evaluate GHG reduction opportunities. Suncor is also participating in advanced research on GHG abatement technologies through CMC, ICO2N, CCP3 and other groups.

The majority of people in today’s global society have a false sense of security in believing that the effects of climate change will not take place until the very distant future, and are to dire to bear engaging. Environmental protection is currently one of the largest social issues facing different groups within society including; governments, special interest groups, everyday citizens and global organisations. The actions of organisations with regards to environmental sustainability are becoming a larger factor in business operations. Today’s more informed society expects businesses to perform out of the traditional economic measure of profit motive and adjust to society’s efforts to achieve modern sustainability goals. BHP Billiton (BHP) is the largest and leading global resources company, being the world’s largest producers of major commodities including; coal, copper, iron ore, nickel and uranium. BHP’s annual revenue for 2014 can be rounded off to $607,206million US Dollars and currently hires 128,800 employees and contractors over 141 locations. These figures not only represent how large BHP is, but they highlight the importance of BHP’s contribution to help achieve

The Ecuadorian Government’s national policy of ‘Zero fossil fuels on Galapagos’ is a policy that aims to convert all of the Galapagos energy to renewable energy by 2020. This policy was the response of the Ecuadorian Government to an incident that happened in 2001, where a tanker spilled heavy fuel oil near the islands. This resulted in the death of a large number of marine iguanas. The ‘Zero fossil fuels on Galapagos’ policy revolves around the use of wind, solar, and biofuels to make the Galapagos free of fossil fuels. With the induction of this policy there have come many projects to use more renewable energy sources and be more efficient with energy consumption. With Ecuador lacking the technology and funds to realize this policy, energy companies

Crude oil- plays an important role in the production of energy and united states consume more energy from petroleum than from any other sources. In 2014, 19 million barrels of petroleum was consumed by total U.S. i.e., 35% of all the energy consumed in the United States. Increase in population, industrialization and demand for energy, oil is diminishing at a faster rate each year. Therefore, it would cause a fossil fuel supply limitation with large economic impact, and the environment problems are both driving forces for actions towards a more sustainable energy system. In addition, scientists at the Energy Department’s National Labs are developing technologies to reduce

First, Exxon wants to become more efficient. The feel that several factors will contribute to this success. These include higher energy costs, government orders and regulations, technology improvements and expected CO2 emissions costs in OECD countries ("Outlook for Energy," 2009). From an internal prospective, the company created a Global Energy Management System that aid in their efficiency at the refinery level. Next, the firm see the reduction of poverty and living standards around the globe as a goal for all. In order to contribute to this, the firm wants to meet the world’s energy needs safely, reliably, and affordably, even as population

Exxon-Mobil is the world’s largest privately owned multi-national oil and gas company (Skjaerseth 2003). For companies as large as ExxonMobil, which possess considerable capital resources and are able to exert considerable power and influence, society is increasingly demanding that they behave in a socially responsible manner (Diara, Alilo, and McGuire 2004). There is a growing expectation that companies will adopt a business approach that illustrates responsibility to society above and beyond the economic function and legal performance of the firm (Gibbs 2009). This expectation can be understood as an implicit social contract. One of the underlying

Sony Corporation’s is one of the world’s largest corporations. Sony was founded in 1946 with its headquarter in Japan. It produces a variety of products, such as consumer’s devices, gaming, and communication devices. Its invention of the portable tape recorder was the break that the company needed in order to grow and enter other markets. (Corporate Info, 2015). Corporation’s main purpose is to achieve the highest profit and to satisfy the stakeholder involved (Krishnan, 2011). This encapsulated in the concept of corporate social responsibility (CSR). In this regard, it is important to examine Sony Corporation in terms of its adaptation and implementation of their social performance. Traditional business models have allowed companies to grow and expand since the focus is on the good of the businesses to the exclusion of everything else. This selfish regard for other stakeholders have taken its toll on people and the environment, hence, the call for greater responsibility and accountability from corporations, especially those that operate in many parts of the world (Seong-Tae and Lee Sang-Yoon, 2012). In line with this, this essay will examine Sony’s Social performance regarding to the environment, employment and human right issues, and the impact on company stakeholders and society. The stakeholder in this paper will be the shareholder, consumers and the employees in whom they share their business with.