Effective Management of Corporate Social Responsibility and Sustainability in Oil and Gas Business

Significant talk about sustainability in the oil and gas sector has existed for decades. Still, with more and more businesses joining forces to lessen their carbon footprint, there has never been a better time to concentrate on sustainability practices in the corporate world. While the advantages of implementing eco-friendly methods in your company may initially appear rather elusive, there are many ways to transform your organization into a more sustainable one, from raising general productivity to cutting costs.

Can corporate social responsibility succeed in a global environment?

Corporate environmental responsibility has grown over time as more openness has been demanded from the public. Now is the time for change because the pressure will only increase. Even though there are difficulties with sustainability, we must seize the moment to benefit from fresh prospects before they pass away. We should embrace new technology and be open-minded about what might come next rather than focusing on profit or cost-cutting methods. Corporate social responsibility has become crucial for survival in today’s global world. Since technology evolves, we must ensure that our tactics reflect recent developments. Business executives must abandon their conventional ways of thinking and adopt sustainable methods to preserve this surge in innovation.

The Effective Management of Corporate Social Responsibility and Sustainability in Oil and Gas Business course from Rcademy can be one of the best choices you’ve ever made, regardless of how long you’ve worked in the oil and gas sector or how recently you started. You will gain information and skills from CSR training that will enable you to perform your work more effectively and contribute to the company’s increased profitability, increasing both your productivity and earning potential. It is unquestionably a worthwhile investment. This training session will look at the finest approaches to incorporating sustainability into your oil and gas operations and offer helpful tips.

Who should attend?

This training course from Rcademy is appropriate for professionals from the Oil and Gas industry:

• Senior management
• Policymakers
• Departmental heads and managers
• Team leaders
• Project managers
• Entrepreneurs

What are the course objectives?

This course from Rcademy has been designed with the following objectives:

• To understand relevant terminologies and concepts such as carbon footprints, green emissions, green technology, etc.
• To appreciate the need for CSR and sustainability in business practices of the Oil and Gas business
• To understand ways of incorporating CSR into the company’s policies and plans
• To create a solid platform on which all parties can present new concerns related to sustainability
• To discover powerful business techniques for creating change
• To learn about the latest trends and emerging practices in the field of CSR

How will the course be presented?

• Interactive sessions
• Use of case studies
• Management games
• Learning preparation of reports, charts, graphs
• Real-time exercises
• Problem-solving and Group discussion sessions

What are the topics covered?

Module 1: Rise of Corporate Social Responsibility

• The changing role of business in the globalized economy
• Historical perspective
• Arguments in favor and against CSR
• Conceptual Framework of CSR
• CSR by companies posing environmental and safety risks

Module 2: Sustainability in Oil and Gas Business

• Understanding the concept of sustainability
• Contributing to the Sustainable Development Goals
• Cleantech Innovations
• Understanding the carbon footprint
• Energy sustainability

Module 3: Using Sustainable Technologies and Strategies

• Reduction of emissions
• Green technology
• Decreasing freshwater usage
• Recycling and reusing water
• Concept of digital oilfields

Module 4: Environment, Social, and Corporate Governance (ESG)

• Implementation of ESG strategies
• Benefits of effective ESG
• Relevance of ESG in the oil and gas business
• Sustainable Investing

Module 5: Global Reporting Initiative 

• Global standards for sustainability reporting
• Global Reporting Initiative
• Integrating SDGs into sustainability reporting
• Steps in GRI reporting
• GRI reporting framework

Module 6: Global CSR Challenges

• Increasing demand for transparency and accountability
• Awareness from investors
• Making CSR connect with profitability
• Inadequate assessment of CSR dimensions
• Ethical Issues in CSR

Module 7: Measurement of CSR Performance

• Dimensions of CSR
• CSR assessment
• Setting benchmarks
• Using KPIs
• CSR measurement tools: employee satisfaction ratio,
• Greenhouse gas emission, etc.

Module 8: Attaining Sustainability through CSR Initiatives

• Building trust and loyalty
• Integrating CSR with SDG
• Environmental responsibility
• Ethical responsibility
• Economic responsibility

Module 9: Green Petroleum

• Concept of greening
• Concept of zero waste in the Product Life Cycle
• Green energy
• Green refining and gas processing

Module 10: CSR on Environmental Dimension by the Oil and Gas Industry

• Efforts to become a green company
• The balance between operations and environmental impact
• Green indicators
• Reduction in violations

Module 11: CSR on Economic and Social Dimensions by Oil and Gas Industry

• Financial sustainability
• Sustainable finance development
• Preserving the profitability
• Improvement in quality of life
• Improving the reputation of the organisation

Module 12: Implementation of CSR in Oil and Gas Business

• CSR policy integrated with corporate mission
• Aligning CSR plans to business operations
• Stakeholder analysis
• CSR communication