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Major Corporations And Environmental Advocacy: Efforts In Reducing Environmental Impact In Oil Exploration

Author

Listed:
  • Chibuike Daraojimba

    (University of Pretoria, South Africa)

  • Adeyinka Alex Banso

    (J-Cos Consult Ltd, Nigeria)

  • Kelechi Anthony Ofonagoro

    (Kelanth Energy Solutions Limited, Nigeria)

  • Joy Otibhor Olurin

    (Hopewell Company Limited, Ibaban, Oyo State, Nigeria)

  • Sodrudeen Abolore Ayodeji

    (Matrix Energy Limited, Lagos, Nigeria)

  • Vincent Ebhohime Ehiaguina

    (Everty Property Management, Lagos)

  • Tina Chinyere Ndiwe

    (Osmotic Engineering Group, South Africa)

Abstract

This comprehensive study embarked on a critical journey to scrutinize and evaluate the effectiveness of corporate environmental initiatives implemented in recent years, particularly focusing on the oil sector. Utilizing a meticulous literature review strategy, the research analyzed various case studies and scholarly contributions to delineate the current state of environmental advocacy in the corporate sector and identify potential avenues for future research. The methodology encompassed a systematic data extraction and analysis approach, ensuring relevant and reliable data assimilation. The findings underscored a significant shift in the corporate sector towards fostering environmental sustainability through various initiatives spanning different industries. Environmental advocacy has emerged as a potent force urging the industry to adopt more sustainable and ethical practices, particularly in the oil sector. The study revealed a growing awareness and commitment to fostering a sustainable and environmentally responsible corporate sector, characterized by green innovation, sustainable practices, and corporate social responsibility. Based on the analysis, the study recommends developing and implementing robust regulatory frameworks to mandate adherence to sustainable practices, promoting green innovation, and fostering collaborative efforts among various stakeholders. These strategies are envisaged to propel the corporate sector as a significant player in global environmental conservation efforts. Looking ahead, the study identifies a promising trajectory for environmental advocacy, characterized by collaborative efforts, regulatory frameworks, and green innovation, setting a pathway towards a sustainable and environmentally responsible corporate sector.

Suggested Citation

  • Chibuike Daraojimba & Adeyinka Alex Banso & Kelechi Anthony Ofonagoro & Joy Otibhor Olurin & Sodrudeen Abolore Ayodeji & Vincent Ebhohime Ehiaguina & Tina Chinyere Ndiwe, 2023. "Major Corporations And Environmental Advocacy: Efforts In Reducing Environmental Impact In Oil Exploration," Engineering Heritage Journal (GWK), Zibeline International Publishing, vol. 7(1), pages 49-59, October.
    • Handle: RePEc:zib:zbngwk:v:7:y:2023:i:1:p:49-59
    DOI: 10.26480/gwk.01.2023.49.59
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    References listed on IDEAS

    as
    1. Qi Zhang & Lawrence Loh & Weiwei Wu, 2020. "How do Environmental, Social and Governance Initiatives Affect Innovative Performance for Corporate Sustainability?," Sustainability, MDPI, vol. 12(8), pages 1-18, April.
    2. Seyedeh Zahra Zamani, 2022. "Small and Medium Enterprises (SMEs) facing an evolving technological era: a systematic literature review on the adoption of technologies in SMEs," European Journal of Innovation Management, Emerald Group Publishing Limited, vol. 25(6), pages 735-757, April.
    3. Thomas K. Dasaklis & Theodore G. Voutsinas & Giannis T. Tsoulfas & Fran Casino, 2022. "A Systematic Literature Review of Blockchain-Enabled Supply Chain Traceability Implementations," Sustainability, MDPI, vol. 14(4), pages 1-30, February.
    4. Xiang Ma & Young-Seok Ock & Fengpei Wu & Zhenyang Zhang, 2022. "The Effect of Internal Control on Green Innovation: Corporate Environmental Investment as a Mediator," Sustainability, MDPI, vol. 14(3), pages 1-19, February.
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