Corporate Social Responsibility (CSR) Business Practices and Stakeholders Considered Relevant for the Energy Sector: The Case of Romania

Buturoaga Cristina Mioara

doi:10.5171/2017.597300

Abstract

Corporate Social Responsibility (CSR) Business Practices and Stakeholders Considered Relevant for the Energy Sector: The Case of Romania

Highlights

The energy we use is dependent on fossil fuels available in a limited supply (BP, 2015), while its production accounts for two thirds of the world's greenhouse gas emissions (International Energy Agency, 2015b)
Considering the above research, the author of this paper has identified the need for additional research to determine how Corporate Social Responsibility (CSR) is approached from the stakeholder perspective, which stakeholders count more for the energy sector and the business-related CSR practices to be proposed and followed
Previous research was conducted on Romanian state-owned companies (SOCs) (Buturoagă, 2016) and on private Romanian companies (Buturoagă, 2014) and there were difficulties to have access to companies and their day-to-day CSR activities, even those conducted as the national law required

Summary

Introduction

The energy we use is dependent on fossil fuels available in a limited supply (BP, 2015), while its production accounts for two thirds of the world's greenhouse gas emissions (International Energy Agency, 2015b). The world's demand of electricity is expected to almost double by 2050 (European Commission, 2012), even if the development path should be less energyintensive (International Energy Agency, 2014). This rise could be caused by greater use in heating or cooling, transport, food production, agriculture, etc. It is fully accepted that the energy will need to come, in the future, from lower emissions sources or from sources with technology solutions developed to capture and store emissions having an important role to play in the CO2 reductions needed to reach net-zero by 2100

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Conclusion