Corporate Social Responsibility Practices in China's Petroleum Industry: A Comparative Analysis of PetroChina and Sinopec

Abstract

Against the backdrop of global energy transition, Chinese petroleum enterprises are facing both opportunities and challenges. This study employs a literature review approach and a comparative case analysis method to thoroughly examine the corporate social responsibility (CSR) practices of PetroChina and Sinopec in the domains of environmental protection, social responsibility, and employee welfare. The research reveals disparities between the two companies concerning preventive environmental management, prioritized philanthropic efforts, and employee rights safeguarding. Consequently, the study proposes three recommendations encompassing strategic integration, participation in international standards, and internal organizational significance construction, aiming to enhance CSR implementation. By offering practical insights, this research serves as a reference for Chinese petroleum enterprises, contributing to their improved international competitiveness and reputation. In the ever-evolving landscape of sustainability and business ethics, such insights can aid these enterprises in navigating their roles as responsible global corporate citizens, ensuring a harmonious balance between economic growth and social welfare.