Journal of Business Ethics

, Volume 105, Issue 3, pp 277–287 | Cite as

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

Article

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 responsibility Millennium Development Goals Energy industry Latin America Empirical 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

Notes

Acknowledgments

I gratefully acknowledge the financial support of CEALCI to complete this research (Grant 16/08). I am also grateful to Carlos Almiro De Magalhães Melo, Paloma Lemonche and Cecilia Cózar, analysts of this research project, and Orencio Vázquez, for his suggestions when building the benchmark.

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Copyright information

© Springer Science+Business Media B.V. 2011

Authors and Affiliations

  1. 1.Universidad Pontificia de ComillasMadridSpain

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