What are external and internal factors/ forces that have influenced the Royal Dutch shell company shift to a more environmentally and socially responsible business practices?
For external I have the environment impacts, politics and competitors but I dont know which ones. Can anyone help me find which competitors and also can someone help me find internal forces with actual facts? -thanks
To identify the external and internal factors that have influenced Royal Dutch Shell's shift to more environmentally and socially responsible business practices, you can start by conducting research using reliable sources such as news articles, company reports, and sustainability reports. Here are some steps to follow:
1. External factors:
a. Environment impacts: Look for information on how environmental concerns such as climate change, pollution, and biodiversity loss have influenced Shell's approach. Focus on publicly available data and reports related to the company's sustainability initiatives and commitments.
b. Politics: Examine how changes in government policies, international agreements like the Paris Agreement, and public opinion have affected Shell's decision-making regarding sustainability and social responsibility. Analyzing relevant political events, regulations, and legislation can provide insight.
c. Competitors: Identify other major oil and gas companies that are actively pursuing environmentally and socially responsible practices. Compare their sustainability initiatives, targets, and efforts to Shell's to understand how competition drives the company's approach.
To find specific competitors, you can search for industry reports, articles comparing oil and gas companies' sustainability efforts, or annual reports of similar companies to see if they mention Shell as a competitor. You can also check Shell's own reports and references to competitors for insights.
2. Internal forces:
a. Company reports: Look for Shell's publicly available reports, such as annual reports or sustainability reports, to understand the internal factors that influenced their shift. These reports often mention specific factors shaping the company's strategy, including operational efficiency, risk management, and stakeholder expectations.
b. Leadership and management: Assess the role of Shell's leadership in driving the shift towards environmental and social responsibility. Identify key executives or board members who have championed sustainability within the company.
c. Stakeholder pressures: Explore how various stakeholders, including employees, investors, non-governmental organizations (NGOs), and customers, have influenced Shell's approach. Look for instances where stakeholder engagement or pressure campaigns have prompted changes in the company's practices.
By analyzing a combination of external sources and Shell's official communications, you can gather evidence-based information on the external and internal forces influencing Shell's shift towards more responsible business practices. Remember to critically evaluate the sources for reliability and credibility.