Battling corruption through csr codes in emerging markets: oil and gas industry

Abstract

Corporate social responsibility (CSR) codes of conduct are an effective mechanism for integrating responsible economic practices against corruption. This study intends to corroborate this assertion by means of a comparative analysis of CSR codes of conduct of major oil and gas companies operating in emerging markets. In this paper, we examine how oil and gas companies respond to corruption in their CSR codes of conduct. Further, we examine the provisions related to corruption issues embodied in international conventions and guidelines and the norms or standards of oil and gas associations, NGOs and international and multilateral organizations. In the final analysis, we access the extent to which provisions included in oil and gas companies' CSR codes of conduct are consistent with the current international context.

Sustainable Development in Emerging Markets & CSR Codes of Conduct: Oil and Gas Industry in Brazil

“…Thus, compliance of CSR Codes with the international legal system is a proven fact. Nevertheless, States and their respective domestic legislation are not able to exert full control on transnational players, such as the transnational or multinational companies (PENINOU; HOLTHUS; KE-BSCHULL & ATTALI, 1979;COSTA, 2010). Despite the lack of control over CSR Codes by States, one can argue that compliance of CSR Codes with the international legal system may be seen as a «global commons» understanding framework to improve sustainable development (COSTA, 2010).…”

“…In the early 1990's, Codes of Conduct of Social Responsibility (CSR Codes) have emerged as they are well known nowadays (MAY; CHENEY & ROPER, 2007:15-30;ZERK, 2006:15;KEINERT, 2008:12). CSR Codes represent a change in the companies' traditional paradigm (ADAMS, 2002:223-250;CARROLL, 2000:466-478;FRY-NAS, 2005:581-598;WOOD, 1991:691-718;ZERK, 2006:15;COSTA, 2010). Through CSR Codes, multinational companies may have an important role to play in order to improve quality of life for communities where they are operating in particular and to sustainable development in general, as long as their codes do fully comply with the international legal framework on sustainable development.…”

A construção dos escândalos de corrupção: repertórios interpretativos das revistas Veja e Carta Capital sobre a Operação Lava-Jato

“…Os mexicanos que enxergam a corrupção entre os políticos, pessoas públicas, juízes e policiais tendem a desconfiar de todas as instituições políticas. Costa (2008) realizou um estudo comparativo com empresas do setor de gás e petróleo com operações em mercados emergentes, identificando que a maioria das empresas analisadas possui algum tipo de compromisso de contribuições políticas, transparência financeira ou combate ao suborno e corrupção consistente com as normas jurídicas internacionais. Ainda segundo a autora, códigos de conduta de responsabilidade social podem ser mecanismos eficazes contra a corrupção em mercados emergentes, porém poucas empresas do setor analisado detalhavam como essas políticas deveriam ser implementadas.…”