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Ways of development of social responsibility of Asian oil companies in Africa


Pavlov E.L.
(about the author)

Pavlov Eduard Leonidovich – (Institute for African Studies of the Russian Academy of Sciences)

Published in:
Journal of International Economic Affairs
– Volume 9, Number 3 (July-September 2019)

JEL classification: M14, N50, N57

Keywords: corporate social responsibility (CSR), corruption, multinational enterprises (MNEs), Nigeria, Sinopec


Citation:
Pavlov E.L. (2019). Ways of development of social responsibility of Asian oil companies in Africa. Journal of International Economic Affairs, 9(3), 1507-1518. doi: 10.18334/eo.9.3.40701


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Abstract:

The purpose of the article is to analyze the features of corporate social responsibility (CSR) of the petrochemical industry in African countries, including Nigeria, using the example of the Chinese petrochemical company Sinopec and other companies in the industry. The reasons for the interest of Chinese MNEs in Africa are analyzed, and the principles for implementing CSR projects by Sinopec and its subsidiary in Nigeria are investigated. The article analyzes the main problems of implementing the concept of CSR of the company under study and considers promising areas of development. As relevant areas of development, we can note the increased interaction of oil companies with local businesses in the implementation of social initiatives and the transition to new non-financial reporting formats.







References:
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