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Aldrugi, A. and Abdo, H. 
ORCID: 0000-0001-9279-0035,
2016.
Social and environmental disclosure rating in the Libyan oil and gas sector.
Change Management, 16 (3), pp. 1-17.
ISSN 2327-798X
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Abstract
Over the last two decades, as companies have become more responsive to investors' concerns about the environment and corporate social responsibility (CSR), they have started to provide information about the environmental and social impacts of their activities in their annual reports. The purpose of this study is to explore the practices of environmental disclosure (ED) and the extent of response of companies in Libya's oil industry to these concerns. In addition, the study aims to identify what motivates companies to disclose social and environmental information. To fulfil these aims, data was collected by means of interviews with managers and accountants from oil and gas companies operating in Libya. The findings reveal that the managers and accountants of local and foreign oil and gas companies operating in Libya are aware of and understand the significance of CSR and ED. The study found that the majority of these companies disclose some environmental information in their annual reports or at least have policies to disclose this information in the near future. They disclose three types of environmental information: good, neutral and bad news. The interviewees emphasised the benefits companies gain from corporate disclosure, such as improving the company’s reputation, meeting environmental regulations and satisfying organisations interested in environmental performance. Some also suggested that companies disclose environmental information for economic reasons. On the other hand, the investigation highlighted that the most important obstacle to ED is the lack of environmental regulations and ED standards; in other words, there is no legal obligation for companies to disclose environmental information.
| Item Type: | Journal article | ||||
|---|---|---|---|---|---|
| Publication Title: | Change Management | ||||
| Creators: | Aldrugi, A. and Abdo, H. | ||||
| Publisher: | Common Ground Publishing | ||||
| Date: | September 2016 | ||||
| Volume: | 16 | ||||
| Number: | 3 | ||||
| ISSN: | 2327-798X | ||||
| Identifiers: |
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| Divisions: | Schools > Nottingham Business School | ||||
| Record created by: | Linda Sullivan | ||||
| Date Added: | 04 Jan 2017 10:40 | ||||
| Last Modified: | 14 Feb 2024 11:28 | ||||
| URI: | https://irep.ntu.ac.uk/id/eprint/29557 |
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