Determinants and factors influencing corporate social responsibility (CSR) practices in the Nigeria oil and gas industry: A systematic review
International Business School, Teesside University. Middlesbrough, United Kingdom.
Review Article
World Journal of Advanced Research and Reviews, 2024, 22(03), 1470–1487
Publication history:
Received on 07 May 2024; revised on 19 June 2024; accepted on 22 June 2024
Abstract:
The United Nations' 17 Sustainable Development Goals (SDGs) and the Paris Agreement on Climate Change, both adopted in 2015, provide a global framework for addressing climate change. The oil and gas industry is a significant contributor to climate change, responsible for 10% of human-generated GHG emissions, with its products adding an additional 33%, totaling two-thirds of industrial emissions.
Despite global sustainability efforts, there is a significant research gap in understanding the determinants of corporate social responsibility (CSR) practices in developing economies. This review addresses this gap by focusing on the Nigerian oil and gas industry, aiming to identify the factors influencing CSR practices in the industry and how they shape CSR strategies.
Using a systematic review methodology guided by the PRISMA framework, this review consolidated evidence from peer-reviewed articles published between 2016 and 2023. The review focused on studies conducted in Nigeria's oil and gas sector addressing CSR determinants. Through thematic synthesis, the review categorises determinants into themes such as provision of public goods, business continuity strategies, corporate reputation, conflict mitigation, and corporate philanthropy.
The review finds that CSR practices in Nigeria's oil and gas industry are primarily driven by business continuity and legitimacy concerns, with factors like governance failures, economic underperformance, and the need for social licence to operate being significant drivers. Understanding these determinants is crucial for developing effective CSR practices that align with business objectives, community development goals, and environmental sustainability. This review also highlights the need for more targeted research to improve CSR outcomes in developing economies.
Keywords:
Oil and gas; Corporate social responsibility; Nigeria; Determinants; Licence to operate.
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0