Bp Csr



1.1 - Introduction

Trade and commerce have evolved rapidly over the last fifty years. The forces of globalisation and free trade have dramatically changed the face of today’s corporate world. Issues of corporate accountability and business ethics are escalating in

importance, not only for environmental and human rights campaigners but also for corporate managers, who recognise the growing correlation between responsible business operations and profitability and growth.

Corporations are gaining an escalating influence in business and indeed world affairs, therefore their actions can have serious effects on many people, both inside and outside organisations. Issues of Corporate Social Responsibility, international

business operations, environmental impacts and sustainability are areas in which corporations and Non-Governmental Organisations are showing increasing attention.

These issues can be seen especially clearly within the oil industry, where there is the increasing realisation of the importance of stakeholder interest and environmental damage.

This dissertation will detail BP and its policies on corporate responsibility and business ethics with regards to the construction and operation of its 1,737 km BakuTbilisi-Ceyhan (BTC) pipeline, which runs through the countries of Azerbaijan, Turkey and Georgia. The BTC pipeline will take oil from the Caspian Sea to the Mediterranean instead of using tanker transport along the Black Sea and the highly congested Bosporus, and will account for 20% of BP’s production growth until 2010.

1.2 - Aims and Objectives

This dissertation will attempt to analyse BP’s ethical and moral principles, its corporate social responsibilities and the implications the company’s actions have had 1

on the stakeholders to the BTC pipeline. A detailed analysis of business ethics theory will be conducted in order to carry out an effective comparison between BP’s actions and theory...