Corporate social responsibility (CSR) in the annual reporting of oil companies worldwide – modern business management

• Autorzy: Lulek Adam , Sadowska Beata

Identyfikatory

DOI

10.17402/406

• Języki publikacji: EN

Abstrakty

EN

Corporate social responsibility (CSR) is the process of finding out the changing expectations of stakeholders and including them in a business management strategy. CSR is a concept of the optional incorporation of social and environmental aspects into the operations of a business entity. The objective of this article is to: (1) present the historical determinants of CSR and its practical dimension; (2) characterize the activities of fuel companies in the light of the publication of CSR information in reports; (3) indicate the information and contents of the annual reports of oil companies – in particular taking account of the information about corporate social responsibility; (4) provide proposals for the structure of a model annual report including information about corporate social responsibility which could be used for the selected oil companies that were investigated. The methods of inductive and deductive reasoning and descriptive analysis, as well as desk research were used in the writing of this article.

Słowa kluczowe

EN

corporate social responsibility; reporting; oil companies; financial statements; investors; CSR

• Wydawca: Wydawnictwo Naukowe Akademii Morskiej w Szczecinie
• Czasopismo: Zeszyty Naukowe Akademii Morskiej w Szczecinie
• Rocznik: 2020
• Tom: nr 61 (133)
• Strony: 108--117
• Opis fizyczny: Bibliogr. 33 poz., rys., tab.

Twórcy

autor

Lulek Adam

• University of Szczecin, Faculty of Economics, Finance and Management 8 Cukrowa St., 71-004 Szczecin, Poland

autor

Sadowska Beata

• University of Szczecin, Faculty of Economics, Finance and Management 8 Cukrowa St., 71-004 Szczecin, Poland

Bibliografia

• 1. BP (2016) Annual Report and Form 20-F 2016. [Online] Available from: https://www.bp.com/en/global/corporate/ investors/results-and-reporting/annual-report.html [Accessed: January 05, 2018].
• 2. Carroll, A.B. & Buchholtz, A.K. (2003) Business & Society. Ethics and Stakeholder Management. South-Western College, USA: Thompson Learning.
• 3. Chevron (2016) 2016 Chevron Annual Report. [Online] Available from: https://www.chevron.com/-/media/chevron/ annual-report/2016/2016-Annual-Report.pdf [Accessed: July 20, 2019].
• 4. Eni (2016) Form 20-F Annual Report. [Online] Available from: https://www.eni.com/docs/en_IT/enicom/publications-archive/publications/reports/reports-2016/Annual-Report-On-Form-20-F-2016.pdf [Accessed: January 15, 2018].
• 5. ExxonMobil (2016) 2016 Summary Annual Report. [Online] Available from: http://cdn.exxonmobil.com/~/media/global/ files/corporate-citizenship-report/2016_CCR_full_report. pdf [Accessed: January 15, 2018].
• 6. Farrington, T., Curran, R., Gori, K., O’gorman, K.D. & Queenan, C.J. (2017) Corporate social responsibility: reviewed, rated, revised. International Journal of Contemporary Hospitality Management 29, 1, pp. 30–47.
• 7. Flower, J. (2015) ‘But does sustainability need capitalism or an integrated report’ a commentary on ‘The International Integrated Reporting Council: A story of failure’. Critical Perspectives on Accounting 27, pp. 18–22.
• 8. Holme, R. & Watts, P. (2000) Corporate Social Responsibility: Making a Good Business Sense. Conches-Geneva, Switzerland: World Business Council for Sustainable Development.
• 9. Kiziukiewicz, T. (2007) Financial Reporting. In: Sawicki, K. (Ed.) Financial Accounting of Polish Companies after Accession to the European Union Part 1. Wrocław: Expert Publishing House.
• 10. Lulek, A. (2014) Significance of Corporate Social Responsibility for Stock Investors’ Decision-making Process. In: Depta, A. (Ed.) Contemporary Management Issues and Corporate Social Responsibility. Monographs from the Łódź University of Technology, Łódź, pp. 215–224.
• 11. Lulek, A. & Zielińska, D. (2015) The Role of Financial Reporting of the Companies from the Energy Sector in Supporting Sustainable Development. In: Adamek, J., Zuchewicz, J. (Eds) Finances and Accounting for Sustainable Development – Responsibility, Ethics, Financial Stability. Volume 2: Accounting. Wrocław: Wrocław University of Economics Publishing House, pp. 96–104.
• 12. Nakonieczna, J. (2008) Corporate Social Responsibility of International Companies. Warsaw: Difin.
• 13. Orlitzky, M., Schmidt, F.L. & Rynes, S.L. (2003) Corporate Social and Financial Performance: A Meta-Analysis. Organization Studies 24, 3, pp. 403–441.
• 14. Pava, M.L. & Krausz, J. (1996) The association between corporate social-responsibility and financial performance: The paradox of social cost. Journal of Business Ethics 15, 3, pp. 321–357.
• 15. Petrobras (2016) Form 20-F Annual Report. [Online] Available from: http://www.investidorpetrobras.com.br/en/annual-reports/form-20f [Accessed: January 15, 2018].
• 16. PetroChina (2016) PetroChina Company Limited. Annual Report. [Online] Available from: http://www.petrochina.com. cn/ptr/ndbg/201704/6b8ec9312f76499e9f06d14a02323417/ files/7053dfccb53642b48af5dafb1aae4897.pdf [Accessed: January 15, 2018].
• 17. Rasche, A., Morsing, M. & Moon, J. (2017) Corporate Social Responsibility: Strategy, Communication, Governance. Cambridge University Press.
• 18. Reliance Industries (2017) Integrated Annual Report 2016– 17. [Online] Available from: http://www.ril.com/getattachment/eb54f023-334f-4763-9f4a-dde72d315edb/AnnualReport_2016-17.aspx [Accessed: January 15, 2018].
• 19. Rogall, H. (2010) Economics of Sustainable Development. Theory and Practice. Poznań: Zysk i S-ka.
• 20. Rybicki, P. (2003) Financial Statements as the Source of Information about a Company. Warsaw: Poltext Publishing House.
• 21. Sadowska, B. (2016) The Strategy of the State Forests National Forest Holding and Sustainable Development. In: Dziawgo, L., Patrzałek, L. (Eds) Finance for Sustainable Development. Economy – Ethics – Environment. Research Papers of Wrocław University of Economics No. 437, Wrocław University of Economics Publishing House.
• 22. Sadowska, B. (2017) The Role of Accounting in Supporting Sustainable Development on the Example of the State Forests National Forest Holding. In: Adamek, J., Kogut, J., Krawiec, W. (Eds) Finance and Accounting for Sustainable Development. Education – Ethics – Innovation. Accounting. Research Papers of Wrocław University of Economics No. 479, Wrocław University of Economics Publishing House.
• 23. Shell (2016) Annual Report. Royal Dutch Shell plc. Annual Report and Form 20-F for the year ended December 31, 2016. [Online] Available from: https://reports.shell.com/ annual-report/2016/servicepages/downloads/files/entire_ shell_ar16.pdf [Accessed: July 20, 2019].
• 24. Sinopec (2016) 2016 Annual Report and accounts. [Online] Available from: http://www.sinopec.com/listco/en/Resource/Pdf/201703267e.pdf [Accessed: January 15, 2018].
• 25. Śnieżek, E. (2016) Reporting on Corporate Social Responsibility. A Case Study of National Forests. Łódź: University of Łódź Publishing House.
• 26. Stanwick, P.A. & Stanwick, S.D. (1998) The Relationship Between Corporate Social Performance and Organizational Size, Financial Performance and Environmental Performance: An Empirical Examination. Journal of Business Ethics 17, 2, pp. 195–204.
• 27. Świderska, G.K. & Więcław, W. (Eds.) (2012) Financial Statements in Accordance with Polish and International Accounting Standards. Warsaw: Difin/MAC sp. z.o.o.
• 28. Świderska, G.K. (2010) How to Read Financial Statements. Manager’s Guide. Third Edition. Warsaw: Difin.
• 29. Total (2016) 2016 Edition Form 20-F. [Online] Available from: https://www.total.com/en/investors/publications-and-regulated-information/reports-and-publications [Accessed: January 15, 2018].
• 30. Verschoor, C.C. (1998) A Study of the Link Between a Corporation’s Financial Performance and Its Commitment to Ethics. Journal of Business Ethics 17, 13, pp. 1509–1516.
• 31. Wójcik-Jurkiewicz, M. (2016) The Notion of Socially Responsible Company and Company’s Financial Results. Economics Studies, Scientific Papers of the University of Economics in Katowice 253, p. 140–150.
• 32. Zimon, G. (2016) Accounting tools vs logistics costs control in a trading company. Logforum 12, 2, pp. 155–164.
• 33. Zimon, G. & Zimon, D. (2019) An assessment of the influence of nominalized quality management systems on the level of receivables in enterprises operating in branch group purchasing organizations. Quality – Access to Success 20 (169), pp. 47–51.

Uwagi

Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2020).