Journal of Business Ethics

, Volume 105, Issue 3, pp 277–287

The Contribution of the Energy industry to the Millennium Development Goals: A Benchmark Study

Article

DOI: 10.1007/s10551-011-0970-2

Cite this article as:
Valor, C. J Bus Ethics (2012) 105: 277. doi:10.1007/s10551-011-0970-2

Abstract

This paper evaluates the contribution of the energy industry (oil, gas and electricity) to the Millennium Development Goals (MDGs) in three countries (Argentina, Colombia and Mexico). To build this international benchmark, a tool was built (the MDG-Scorecard), by drawing on theoretical frameworks and guides on how businesses can contribute to the MDGs. Results show that companies are making efforts to contribute to the environment, human rights, employment creation and labour rights. However, their effort is close to nil for the Goals with the weakest links with their core business. Findings also suggest that there is no coordinated and consistent strategy to achieve the MDGs either intra-company or inter-companies.

Keywords

Corporate social responsibilityMillennium Development GoalsEnergy industryLatin AmericaEmpirical paper

Abbreviations

BINGO

Business International Non-profit Organisation

IBLF

International Business Leaders Forum

IGO

Intergovernmental Organisation

MDG

Millennium Development Goals

MNC

Multinational company

WBCSD

World Business Council on Sustainable Development

Copyright information

© Springer Science+Business Media B.V. 2011

Authors and Affiliations

  1. 1.Universidad Pontificia de ComillasMadridSpain