THE NEXUS BETWEEN CORPORATE SOCIAL RESPONSIBILITY, CORPORATE ENVIRONMENTAL RESPONSIBILITY AND SUSTAINABLE DEVELOPMENT GOALS OF OIL AND GAS COMPANIES: NEED FOR LEGAL FRAMEWORK

Abstract

Corporate social responsibility is the notion that corporations have an obligation to constitute groups in society other than stockholders and beyond that prescribed by law or union contract. We adopted doctrinal method of data collection using secondary sources of data collection. The precis of this paper therefore is to x-ray how corporate social responsibility, social responsibility and sustainable development can result when government and corporate bodies like oil and gas companies discharge their responsibilities and duties to the people and their environment; resulting in better lives to the people and sustainability to the environment for the present and future generations. We recommended the need to have a legal and regulatory framework that could make corporate bodies like oil and gas companies and government to be conscious of the plights of people in and around their areas of operations.