Role Of Stakeholder Engagement In Corporate Change In North America’s Oil And Gas Industry
Abstract
The purpose of this paper is to investigate what events have occurred over the past 50 years to motivate North America’s oil and gas companies to incorporate environmental, social and governance factors within their operations, including how shareholder engagement is being used as a tool to understand investor demands and drive ESG related behavior. The foundation of the paper is set through a comprehensive literature review of the major environmental, social and economic factors that have led to changing public and investor perceptions and driven corporate change. Trends in shareholder resolutions and proxy voting were analyzed and the resulting behavior of two oil and gas companies
compared in order to highlight key ESG-related trends and provide commendations for identifying and mitigating the risks associated with both daily operations and future sustainability challenges. Future research might include additional case studies as well as analyzing the economics associated with changes in ESG-related behavior.
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Citation
Mones, A. (2017). Role Of Stakeholder Engagement In Corporate Change In North America’s Oil And Gas Industry (Unpublished report). University of Calgary, Calgary, AB.