Shell
again most sustainable/ethical oil company in 2006; Petrobras
supplants Exxon in the top-5
Petroleumworld
CARACAS
Petroleumworld.com
02 22 06
For the third year running, Shell ranks the most sustainable/ethical
company, followed by BP and Brazil's Petrobras, according to a
study by the Madrid ethics rating firm Management & Excellence
(M&E).
Shell substantially improved from 82% (2005) to 89%. It supports
12 codes
of human rights and its board met a record 29 times in 2004, compared
with 8
at BP. It offers grievance channels for employees in over 50 countries
and is
implementing 120 biodiversity projects worldwide.
No oil company studied was as transparent as Shell, publishing
13 separate reports on topics ranging from environmental impact
to animal testing. Caught in a scandal two years ago for misrepresenting
its oil reserves, Shell now publishes a 40-page report on how
its reserves calculations comply with SEC guidelines.
Brazil's
Petrobras, moves up this year from 7th (2005) to 2nd place. While
Exxon scored 80% in 2005, it only achieved 68.1% this year, owing
to gaps in
reporting and thus dropping it from 2nd to 9th place in 2006.
Exxon gives
little information on employee performance measurement systems,
supplier
management, and is not listed in the FTSE4Good or Dow Jones Sustainability
indices.
Ranking
1. Shell 89.01%
2. BP 83.52%
3. Petrobras 83.52%
4. Statoil 83.15%
5. Total 76.19%
6. Norsk Hydro 73.26%
7.Repsol 73.26%
8. Chevron 72.53%
9. ExxonMobil 68.13%
10. Conoco 66.30%
11. Pemex 62.64%
12. ENI 62.27%
13. Lukoil 58.61%
14. Gazprom 35.90%
15. Petronas 20.15%
Other companies are improving their transparency. Russia's Lukoil
manages
to raise its total score by 23 percentage points from 35% to 58.61%,
or a jump
of 67%. In September 2005 Lukoil released its first sustainability
report,
which more than doubled its transparency score from 29% (2005)
to 62% (2006).
Management & Excellence (M&E) was one of the first companies
to research
and rate companies in sustainability and ethical areas, specializing
in the
oil business and Latin America. The current study "World's
Most Sustainable
and Ethical Oil Companies" analyzes companies according to
their actual
compliance with over 280 internationally recognized standards
in
sustainability, corporate governance, social responsibility (CSR)
and ethics
customized to the oil industry. The study is available for sale.
Source: http://www.management-rating.com
Petroleumworld
02 21 06
Copyright
© 2006 Petroleumworld. All rights reserved
