Regain Trust by Aligning with Society´s Needs

Fig. 1—Business needs to shift from the company-centric (left) to the society-centric model.

Ask a project team in a consumer goods company to draw a stakeholder map, and they will put the consumer in the middle. A retail team in our own downstream business will do the same. Now ask an upstream development team to create a stakeholder map and they will put the oil company in the center.The company-centric stakeholder model still

belongs to the time when an oil company had to communicate its good intentions (“tell me”) and had to demonstrate it was also executing them (“show me”). Our industry adapted well to this company-centric period with, for example, impressive gains in operational excellence and safety performance.

But the world continues to change. Society is more than ever aware of the many challenges that it faces, whether it is reducing poverty or illiteracy, improving human rights, or responding to climate change. Society nowadays expects business to take on more responsibility than just operating safely and paying taxes and salaries. Local communities are more vocal in asserting their co-ownership of the mineral resources that oil and gas companies produce by demanding a share in that wealth. The United Nations Sustainable Development Goals are the global expression of the need for societal actors to team up and address the complex issues that the world has to resolve. In short, we have firmly entered the “join me” world.

This article is reserved for SPE members and JPT subscribers.
If you would like to continue reading,
please Sign In, JOIN SPE or Subscribe to JPT

Regain Trust by Aligning with Society´s Needs

Christiaan Luca, Partner, Community Wisdom Partners

01 June 2018

Volume: 70 | Issue: 6


Don't miss out on the latest technology delivered to your email weekly.  Sign up for the JPT newsletter.  If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.