petrushevski martin - sustainability reporting in the oil and gas industry according to the gri...
TRANSCRIPT
SUSTAINABILITY REPORTINGWHAT DO THE GLOBAL TOP TEN OIL AND GAS COMPANIES REPORT ON?
Thesis supervisors: Torbjörn Brorson, Konstantinos Evangelinos
Martin Petrushevski, LU, CEU, Budapest - June 17 2014
MESPOM 2012-2014
April 13, 2023 2
PRESENTATION OUTLINE• Problem definition
• Research question
• Methodology
• Results
• Conclusions and recommendations
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
April 13, 2023 3
OIL AND GAS PRODUCTION
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
Image source: BP 2012 (with amendments)
Image source: Usresponserestoration 2014.
Image source: Andrewfrank 2013.
Image source: Wikimedia 2010.
Image source: Capitolalert 2010.
Image source: Wikimedia 2010b.
Image source: Wikimedia 2010c.
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RESEARCH QUESTION
• To what extent do sustainability reports in the oil and gas industry comply with the GRI Guidelines for sustainability reporting?
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
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METHODOLOGY AND RESEARCH DESIGN• Literature review
• Top ten oil and gas companies in 2013
• GRI Guidelines
• Evaluation framework development
• Results
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
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OIL AND GAS COMPANIES
MESPOM 2012-2014
Martin Petrushevski, Sustainability Reporting
1. ExxonMobil2. Shell3. PetroChina4. Chevron5. Gazprom6. BP7. Petrobras8. Total9. Sinopec10. Eni
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GLOBAL REPORTING INITIATIVE (GRI G3.1 OGSS)
• Profile and Governance• Strategy and Analysis• Organizational Profile• Report Parameters• Governance, Commitments
and Engagement
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
• Management Approach and Performance Indicators• Economic Indicators• Environmental Indicators• Social Performance Indicators• Labor Practices and Decent Work• Human Rights• Society• Product Responsibility
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EVALUATION TEMPLATE
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
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FINDINGS: STRATEGY AND ANALYSIS
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
Topics: 2
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FINDINGS: ORGANIZATIONAL PROFILE
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
Topics: 10
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FINDINGS: REPORT PARAMETERS
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
Topics: 13
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FINDINGS: GOVERNANCE
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
Topics: 17
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FINDINGS: ECONOMIC PI
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
Topics: 10
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FINDINGS: ENVIRONMENTAL PI
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
Topics: 32
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FINDINGS: SOCIAL PI
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
Topics: 15 Topics: 12
Topics: 14 Topics: 10
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OVERALL RESULTS• The frontrunners
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
• The better-than-average reporters
• The mediocre reporters
• The trailers
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CONCLUSIONS AND RECOMMENDATIONS• Four categories identified• The frontrunners• The better-than-average-reporters• The mediocre reporters• The trailers
• Higher scores for first part of the guidelines• Strategy and analysis (95%)• Organizational profile (91.8%)• Report parameters (85.7%)• Governance (81%)
• External assurance
• Applicability of GRI Guidelines
Martin Petrushevski, Sustainability Reporting
MESPOM 2012-2014
• Lower scores for TBL PIs• Economic (66.9%)• Environmental (42.4%)• Social (37.6%)
Thank you for your attention
Any questions?
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REFERENCES• Andrewfrank 2013. Portfolio: Andrew Frank Communications. URL: http://
andrewfrank.com/wp-content/uploads/2013/05/Exxon-Valdez-Aerial-Photo-AF.jpg. [consulted 9 June 2014].
• Usresponserestoration 2014. Remembering the Exxon Valdez: Collecting 25 Years of Memories and Memorabilia. URL: http://usresponserestoration.wordpress.com/2014/03/24/remembering-the-exxon-valdez-collecting-25-years-of-memories-and-memorabilia/. [consulted 9 June 2014].
• Wikimedia 2010a. Deepwater Horizon offshore drilling unit on fire. URL: http://upload.wikimedia.org/wikipedia/commons/9/9d/Deepwater_Horizon_offshore_drilling_unit_on_fire_2010.jpg. [consulted 9 June 2014].
• Wikimedia 2010b. Deepwater Horizon oil spill. URL: http://upload.wikimedia.org/wikipedia/commons/7/7b/Deepwater_Horizon_oil_spill_-_May_24,_2010_-_with_locator.jpg. [consulted 9 June 2014].
• Wikimedia 2010c. Oiled pelicans. URL: http://upload.wikimedia.org/wikipedia/commons/4/48/Oiled_Pelicans.jpg. [consulted 9 June 2010].