Publications

The CSR (Corporate Social Responsibility) program has become a crucial issue for corporate sustainability in recent years. The new CSR approach has included the introduction of characteristics of sustainability adopted from ISO 26000. Integration of CSR with business operations is an essential factor but rarely implemented by oil & gas companies, even though they have a strong commitment to conduct CSR programs as part of their business process. Furthermore, many CSR programs actually do not have a direct relationship with the actual oil & gas operations, and are executed on a spending basis only. In fact, particularly in developing countries, companies still face problems with their local communities, even when they have spent a lot of money on their CSR programs. Community or city gas is a CSR program which can be implemented in the oil & gas industry. It follows the operation-integration paradigm and will deliver natural gas from the field operated by the company to the surrounding community. The community will therefore directly gain benefits from the company’s operations, while the company can convey its CSR program and maintain its profitability at the same time. The “city gas” program implemented by Medco can be further enhanced, and similar programs in other fields can be established. This program shows that the company can therefore run an operation-based CSR effectively by integrating CSR within the company operation. The program is part of the company's efforts to implement the principles of triple-bottom-line economic, social and environmental considerations to cover all business activities and ensure their sustainability in the future.