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PRNewsWire: Shell World’s Most Sustainable and Responsible Oil Company 2007 (*Absolute BS)

2007-02-21 09:06:37 –
MADRID, Spain, February 21 /PRNewswire/ —

– Total, Petrobras Big Winners; BP Drops After Baker Report

For the fourth consecutive year, Shell is the world’s best oil company in sustainability, social responsibility (CSR), corporate governance, ethics and transparency, according to the 4th annual oil/gas ranking by the sustainability research and rating firm Management & Excellence (M&E), Madrid.

The annual M&E ranking measures oil/gas companies’ compliance with 386 relevant international standards such as those of SEC, Sarbanes-Oxley, national laws, Dow Jones Sustainability Index, OECD, industry benchmarks, GRI, ILO, ISO, IUCN, reserves accounting, Global Compact, Millennium Goals, and others.
   
    Most Sustainable Oil Companies 2007 (compliance scores)

    1.   Shell            90.16%
    2.   Petrobras        89.64%
    3.   Total            86.01%
    4.   BP               81.35%
    5.   Repsol           74.35%
    6.   ENI              71.24%
    7.   ConocoPhilips    67.36%
    8.   OMV              65.54%
    9.   Pemex            56.99%
    10.  Lukoil           51.55%

As new pipelines (e.g. Brazil-Bolivia of Petrobras) and higher volumes need to be refined and transported, companies are increasing social investments (e.g. Shell up over 20% annually) as one way of producing goodwill and thus hedging increased risks in the case of incidents. Employee training and HSE standards drove accidents and fatalities down. Corruption dropped at Shell, for example, which fired numerous employees over a bribery affair in Nigeria.

Total improves most over 2006 (+10%), followed by ENI and Petrobras while Shell only inches up (+1.15%). Shell operates in 76 countries, making it harder to broadly improve. Companies such as Petrobras, with refining operations in few countries, can concentrate their community and sustainability efforts and thus excel more easily. BP falls to 4th place mainly due to its Texas City refinery accident and the Baker Report.

Most Sustainable Oil SERVICE Companies 2007 1. Schlumberger 71.39% 2. Halliburton 65.24% 3. Baker Hughes 44.92%

As oil/gas companies have upped ethical standards for suppliers, the 2007 M&E study includes an assessment of the leading oil/gas service companies Schlumberger, Halliburton and Baker Hughes. All excel at corporate governance and financials, but only the top two, Schlumberger and Halliburton, perform in human resources, sustainability initiatives and community programs. Service companies generally underperform the oil/gas companies themselves, but their business is less risky, not owning land, refineries and transportation systems. This reduces their need for the same dimension of sustainability programs.

The M&E study is marketed together with the Oil&Gas Journal Online Research Center: www.management-rating.com and [email protected]

Web site: www.management-rating.com

Source: Management & Excellence

*Comment added by John Donovan of ShellNews.net: This PR report must qualify as the biggest load of BS in the history of PR propaganda. Amongst the claims, it says that Shell has been number one in ethics and transparency for the last four years. That includes the time period of the reserves scandal when three senior executives were forced to resign and Shell paid hundreds of millions in fines and settlements. The debacle made headlines around the world was described as the biggest fraud in corporate history on a BBC programme and a related multi-billion global class action lawsuit is still in progress. Shell CEO Jeroen van der Veer has confirmed that Shell has already set aside £500 million to settle. It will not be enough. What about the PR debacles in Ireland and Sakhalin-2? Have the clowns responsible for this rubbish not visited the Wikipedia article covering Shell’s reputation. Unlike this report, it is a balanced and neutral article.

http://en.wikipedia.org/wiki/Royal_Dutch_Shell_Environmental_and_reputational_issues

 

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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