Environmental Responsibility The Bp Disaster - 2065 Words

Introduction Arguably, today’s biggest ethical dilemma is environmental responsibility because it is truly our biggest investment in the future. There have been many environmental problems created by business one of the best know was the BP disaster. On the other side you have many businesses that have taken the environmental responsibility in their own hands, such as BestBuy and their fight with electronic waste. Many companies may choose to ignore the environment, they may use the excuse that environmental responsibility is too expensive for their business or that there is nothing they could do to actually help with environmental responsibility. However, this is not true there are things that any business can do to help the environment, no matter how big or small they may be. Environmental Responsibility Defined To be environmentally responsible a corporation must bring the environment impact of each decision into the decision making process. They must weigh the pros and cons of the way that a decision of the organization could impact the environment now and in the future. A key factor of being a responsible corporation means to act on issues before they are a requirement from the government, in other words it means to be proactive. Being environmentally responsible means to put profitability or returns on their investments on the sidelines and focusing fully on what decisions are best for the environment. Corporations that decide to join this journey are focused onShow MoreRelatedBeyond Petroleum ( Bp )1192 Words   |  5 PagesBeyond Petroleum (BP) formerly British Petroleum is a company that claims to be devoted to finding new energy sources with little impact on the environment. Ferrell, Fraderich, and Ferrell, explain in their Business Ethics textbo ok in 2012 that after several environmental tragedies in the mid-to late 2000’s, the company had to reassess their ethical standards and make changes to repair their image and regain the confidence of their stakeholders. During this time, they began investing in wind, solarRead MoreThe Planning Function of Management at British Petroleum1241 Words   |  5 PagesBP organization direction Planning function of management British Petroleum (BP) has had their key successes from the various strategies and goals that the organization has which include the companys technology transformation and alignment of objectives to the analysis of its competitors and market conditions. This is what has helped to make BP a successful company. The company believes that the essence of its survival is its ability to gain strategic and competitive advantage which has helpedRead MoreThe Hurricane Katrina Disaster And The Bp Oil Spill Tragedy941 Words   |  4 Pagesand sustainability market approaches to business environmental responsibilities. The paper focuses on two major occurrences; the Hurricane Katrina disaster and the BP oil spill tragedy. Hurricane Katrina entered into records as one of the worst disasters ever to hit the US, the storm is considered as the most disastrous and damaging in the US history in 2005. Well over 1800 people died in the hurricane disaster and the floods that followed the storm. Total assetsRead MoreEssay BP- Texas City Oil Refinery Explosion (2005) – Case Summary 1591 Words   |  7 PagesBP is the leading energy company. BP took its name from the initials of the company’s previous official name British Petroleum. The company was trying to persuade everyone that it was an environmental friendly company that was using and develop alternative energy technology. During its existence it paid so much in fines for pollution that it is become obvious that management did not really care about the environment, but only about maximizing profit in anyway. It was easier for them to pay finesRead MoreSocial, Cultural and Environmental Responsibility of Corporate Business Le aders1482 Words   |  6 PagesIntroduction Corporate social responsibility is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. The goal of CSR is to embrace responsibility for the company s actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholdersRead MoreBp and Stakeholder Mismanagement1598 Words   |  7 Pagesmishaps such as the disasters in Alaska and Texas. Specifically, BP s defensive approach towards stakeholder management led to lavish compensation for upper level management while creating hazardous working conditions for employees and a burden on all of society in the form of rising oil prices and environmental damage. Background British Petroleum was founded in 1908 and since then has rapidly grown to become the eighth largest company in the world . However, as of late, BP has come under fireRead MoreBp Oil Spill Essay1507 Words   |  7 PagesBP oil spill is ranked as the largest environmental disaster in the world history. As the oil from BP spill washes ashore, people on Gulf Coast are suffering huge damages they have never met before. The U.S. government estimates that up to 60,000 barrels of oil a day are spewing out from the damaged BP drilling rig to Gulf of Mexico. It has ruined the shoreline, killed animal and sea life, threaten the ecosystem and harmed the tourism and fishing in Louisiana. After the spilling happened, US governmentRead MoreBp The Deepwater Horizon Oil Spill Of 2010758 Words   |  4 PagesPrior to the Deepwater Horizon oil spill of 2010, BP had a positive reputation for promoting corporate sustainability and creating sustainable energy. In the wake of the oil spill, however, BP proved that it was not on the right track despite the proclamation to its constituents of the exact opposite. There is a popular adage â€Å"almost doesn’t count.† BP’s investment in research directed toward minimizing negative environmental impact while conducting business and accomplishing major undertakingsRead MoreBPs Commitment to the Recovery of Natural Resources863 Words   |  3 Pagesprojects are part of BPs commitment to provide up to $1 billion in early restoration funding to expedite recovery of natural resources injured as a result of the Deepwater Horizon accident. The early restoration framework agreement signed in 2011 requires BP and the trustees to agree upon the potential projects, funding and the natural resources benefits the projects are expected to provide. The trustees then implement the projects. The agreement makes it possible for restoration to begin at an earlierRead MoreDeepwater Horizon Oil Spill in the Gulf of Mexico Essay1078 Words   |  5 PagesExxon-Valdez disaster, a massive inquiry into the underlying cause of the Deepwater Horizon tragedy has begun. Many people are wondering if this was a case of poor engineering, corporate greed, negligence, or even simple operator failure. Regardless of the cause, the crude oil is beginning to reach the United States coastline, and a guaranteed fix for the leak is nowhere in sight. In todays technologically advanced world, when a disaster like this occurs it is the responsibility of those involved