Corporate Social Responsibility: Investing Beyond Industry Standards

Sometimes I read books full of stories and ideas that are far from my concepts of reality including enchanted forests, detective fiction or mystical creatures. This time I am reading about real life events that feel a lot closer to home. “[Christine Bader, author of] When Girl Meets Oil: The Evolution of a Corporate Idealist goes beyond recounting  [her] ups and downs in a decade at BP to offer deep insight into the central importance of morality in any job, company or life” – Dan Etsy, Hillhouse Professor, Yale University; author, Green to Gold.

During my time in University and to this day I struggle with my views on environmental, geopolitical and regulatory risk and their influence on the energy industry. Torn between optimism and pessimism I found myself asking more questions and changing my moral points of view each time a different speaker came to our lecture. I have become intrigued to expand my knowledge on Corporate Social Responsibility and keep an open mind while doing so. Since, I have come to the conclusion that CSR can only add value through proactive action inspired by company culture ingrained in core decision making. CSR does not add true value by simply meeting the standards set by industry peers.

Unfortunately, there is no step by step guide for managing environmental, geopolitical or regulatory risk because these are emerging risks forging a new landscape. Christine Bader, in When Girl Meets Oil: The Evolution of a Corporate Idealist, tells her personal story of working towards the management of these risks on behalf of BP. Stories of the risk management failures and successes of energy companies are so often told from a biased perspective. Christine Bader writes from the perspective of an insider motivated by corporate idealism. She rejects the notion of the “ostrich’s head in the sand approach to risk management” and promotes transparent and accountable corporate social responsibility. I find her journey of moral exploration as it relates to her work easy to relate to and highly insightful.

@nlatter