Document
A comparative case study on accountability of corporate social responsibility (csr) practices in Oman lng and omifco at Sur city in Oman.
Identifier
DOI: 10.18510/hssr.2019.7556
Source
Humanities and Social Sciences Reviews. v. 7, 5, p. 490-502
Contributors
Rahman Khan, Firdouse., Author
Country
United States.
Publisher
Gyandhara International Academic Publications.
Gregorian
2019-01-01
Language
English
English abstract
Purpose: The objective of the study is to familiarise policymakers and practitioners in both the companies in their achievements of CSR projects and specialization by comparing Corporate Social Responsibility Practices (CSR) in Oman Liquefied Natural Gas Company LLC (Oman LNG) and Oman India Fertilizer Company (OMIFCO). Design/methodology/approach: A questionnaire survey was adopted and the details of the companies’ business CSR approaches, CSR projects, measurements of CSR projects, disclosure, and challenges, in the long run, were obtained from the CSR experts in the companies. Further, secondary data was also collected from the companies’ websites, annual reports, and CSR bulletins. Findings: The results of the study indicate that both the companies contribute to society in a positive way as they are accountable to implement CSR as they are the main players in Sur. Both the companies, value developing a practical CSR strategy in their business model concerning customers, stakeholders, contractors, and suppliers, more importantly, the society. However, there is no systematic approach and assessment approach to the level of impact on their CSR projects. Research Limitations/Implications: It is suggested that there is a need to establish a formal mean of dialogue between both the companies and the rest of the stakeholders in order to harmonize CSR projects so that replication of projects can be avoided. To achieve harmony of CSR projects, it is necessary to unite and share the best practices and innovative initiatives of CSR, through the development of a guide to familiarise the CSR concepts along with the tools and methodologies. Practical Implications: It can be seen that setting measurable goals, techniques, sustainability issue mapping, sustainability management system, life cycle assessment and CSR reporting are the significant gaps in the CSR approach of both the companies and the model practices should prescribe the same. Originality/value: This is the first-hand study of its kind as there is no comparative study of O and G companies has been done.
ISSN
2395-6518
Category
Journal articles