Abu Dhabi National Oil Company Case Study Solution
Abstract
Abu Dhabi national oil company operates across the entire UAE through hydrocarbon value chain, with a carefully integrated multi-business. These businesses range from Production, storage, exploration and distribution of the oil to develop significant amount and wide-ranged petrochemical products. The company has played a vital and integral part in sustaining the economic balance of the country on behalf of the government. It has played a prominent role in securing and safeguarding the environment which gets affected as an outcome of the operations of ABNOC. In doing so, the company has established different environment safety program, like biodiversity sustainability program, waste material controlling program. Also, the company has initiated to bring the welfare to the small regions through education and industrialization. The company has been involved in enhancing the education level of the nether region through research & development programs and scholarships. The main agenda of the group is to cut-off its waste production and acquire such technology that will help to reduce the emission of toxic chemical and waste material in securing the environment.
Keywords: Biodiversity, Externalities, CSR, legitimacy.
Introduction
Abu Dhabi National Oil Company is one of the largest energy companiesin the world both in terms of Reserves and production. The company operates in two refineries Ruwais and Umm AL Nar. It has 18 subsidiaries that serve through upstream, mid-stream and low-stream channels. It develops both types of gas field (offshore, inshore), while also offering exports of liquefied natural gas, local electricity and water utilities to other industries like petrochemicals and water reservoirs.
The company has large operations with the production capacity of 3.15 barrel per day. It also engraves the research and development institution and academic training institution as a part of the corporate business strategy.Since the company has such large production capacity and play a relevant role in upgrading the economy of UAE, ABNOCinitiates to take social responsibility, in order toup bring the economy and also preserve the environment. Indoing so, the company has inaugurated multiple corporate social programs to support the environment and to minimize the adverse effectson externalities of its functions on the environment.
Not only this, but the company inculcates its CSR strategy into its corporate strategy, which is depicted through its operations and ongoing corporate policies that dictate the deduction and reduction of harmful emission and water spills to preserve the environment. Forthe 2017 strategy, the company has planned to cut-off the harmful emission of chemical and waste material by 70% by inculcating technology and innovation into its processes. It has also made strategies to secure the sea life and bring betterment to the small,underdeveloped regions as a part of the social responsibility.
In doing so, the company faces multiple challenges which have to be met, Inorder to achieve the sustainability and CSR goal for 2017.
Corporate Social Responsibility Initiatives
Abu Dhabi National Oil Company has a significant production and reserves. Itcaters the big markets through continually expanding its production capabilities. In doing so, the company has also balanced its portfolio with equal importance to CSR activities.
The company has initiated different programs to deal with various type of environmental issues. Some of them are listed below:
1- Environmental Controlled Emissions
The company has taken the initiative to control the emission of harmful gasses and chemicals from its production facilities located near the sea and urban cities. In doing so, it has devised an HSE code of conduct, which restricts and reinforce the organizational teams to deduce and discover new methods and technologies that could reduce the emission rateand support the initiate the company finances the initiative with AED 698 million. Infact, each facility and production factory has a defined target to reduce the emission every year.
2- Air Quality Monitoring Stations
The company has taken the initiatives to control the air pollution and also monitor the emission of harmful toxic chemicals into the environment. In doing so, the company has established the air quality monitoring systems which transmit the real-time data from all production facility and manages the mixture of poisonous gasses into the surrounding air. Through the particular approach, the company controls the externalities that this emission can cause and also helps it to inspect the operational efficiency of each unit in term of eco-friendliness.
3- Water Management
Since the company has a massive operation that uses excessive water to run the processes,the company under the 2017 strategy took the initiatives to minimize the use of water into its processes by employing latest technologies, while also controlling the drainage of waste material into water. Also, it took the initiative to reuse the waste water so to utilize the water to full efficiency.
Abu Dhabi National Oil Company Harvard Case Solution & Analysis
4- Waste Management
Under the initiative of Waste Management, the company has established the community center named as BeAAT, that controls the usage of chemicals and raw material that can be harmful to the environment, and innovates to reduce the usage. While on the other hand it devises strategies to reuse the used material again in the process, so to control the dumping of waste material into land and sea.............
This is just a sample partial case solution. Please place the order on the website to order your own originally done case solution
Related Case Solutions & Analyses:
Interview With Tim Coleman of the Blackstone Group Video
The Global Software Industry in 2007
Infox System GmbH
Race to the South Pole
Negotiating the Right to Know: Rhone-Poulenc and Manchester, Texas (A1)
Case –Entrepreneur Tesla Motor
HIPC PROJECT REPORT
Midland Energy Inc.
Deutsche Bank Finding Relative-Value Trade
Estimating The Cost Of Capital In Uncertain Times
