Management & Excellence says good ethics pay off for BP&Shell
British Petroleum and Royal Dutch Shell received strong ratings for their policies in ethics, transparency and corporate social responsibility. Both got ‘B’ ratings on a scale of A (highest) to D (lowest). These are the first ethics ratings to be given to oil companies and are significant for investors. Oil companies are ethically high-risk companies, being regularly plagued by oil spills, chemical explosions, fatalities, litigation and management scandals. A landmark study by international ethics rating agency Management & Excellence (M&E) finds that oil companies are investing more in equipment, social policies and employee trainings, resulting in fewer mishaps.
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