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Environmental Sustainability

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Submitted By sannat
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Executive summary
This report seeks to define Environmental sustainability and examine its importance in the contemporary world of corporate dominance in the world arena. Business activities are regularly having an increasing contribution to environmental problems and threatening sustainability. Phenomena like climate change and extreme weather events have evidenced the effects of relentless use and overuse of natural resources. The need for environmental sustainability has become important now more than ever following the occurrence of repeated natural disasters and studies showing the ill effects on human health. It has been established that the misuse of natural resources can threaten the existence of future generations.
The role of businesses, civil society and governments has been discussed in the context of environmental sustainability in this report with focus on climate change.
The oil and gas sector is an important sector in terms of sustainability related to the environment. The sector has been scrutinized widely for occurrences like leakages and oil spills. The companies in this sector have a huge impact on the environment. The importance of oil companies in the path to sustainable development has been discussed. The multinational giants British Petroleum and ExxonMobil have been used as case studies to understand the kind of initiatives being taken in this sector for a sustainable environment. Lastly, the challenges related to the sector in implementing these initiatives have been discussed.

Table of Contents Introduction 4 Development and sustainability issues 5 Climate change 6 Role of business, government and civil society 6 Role of government and regulation 8 Civil society 9 Oil and gas Sector 9 Initiatives in oil and gas sector for sustainability 10 British Petroleum (BP)

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