Sustainability is a strand that all successful energy companies must keep to in order to succeed in the 21st century
Corporate social responsibility in the energy sector
- The subject of corporate social responsibility has been gaining popularity of late, with those in the corporate world slowly realising what repercussions a culture of short-termism could bring for their bottom lines, reputations and future successes.
- Firms have started to invest heavily in ensuring that their social initiatives are of the highest order and satisfy all stakeholders across the company value chain. Companies are quick to pledge efforts to push renewable energy but found wanting when it comes to making investments in clean energy initiatives under their corporate social responsibility (CSR) heads.
- Companies may not be implementing CSR in clean energy because of various reasons. Many companies perceive energy access interventions to be highly technical. This could’ve discouraged some companies that did not have capacities and capabilities to implement such projects. Companies also find it difficult to source qualified and technically competent implementation partners in geographic areas of interest