Analysis of ESG practices in brazilian oil and gas companies

Authors

DOI:

https://doi.org/10.37497/jsim.v12.id148.2025

Keywords:

Corporate sustainability, ESG strategies, Oil and gas, Sustainable development

Abstract

Objective: To analyze the ESG practices adopted by Brazilian companies in the oil and gas sector, highlighting implemented strategies and observed impacts.

Theoretical Framework: The concept of ESG is addressed, as well as its growing importance for companies in terms of competitiveness, reputation, and organizational resilience, based on current studies.

Method: Adopts a qualitative approach, analyzing sustainability reports of selected companies in the oil and gas sector. Environmental, social, and governance dimensions are considered, using specific variables to consistently assess ESG practices.

Results and Conclusion: The results reveal a variety of focuses adopted by companies regarding ESG. Some companies prioritize environmental management, while others focus on social or governance aspects. Initiatives include carbon emission reduction, waste management, workplace safety, diversity, and business ethics, among others.

Research Implications: Provides valuable insights for oil and gas companies to enhance their ESG practices, contributing to academic advancement in understanding ESG implementation, especially in the energy sector. Socially, it highlights the relevance of corporate responsibility and sustainability for society.

Originality/Value: This study is significant for advancing socio-environmental management, focusing on ESG practices in oil and gas companies. Its originality lies in the analysis of these companies' strategies in Brazil, providing a unique perspective on sustainability and corporate governance in the country.

Author Biographies

Francisca Noeme Moreira de Araújo, Universidade Potiguar (UNP), Rio Grande do Norte

PhD in Business Administration (UnP). Master’s degree in Business Administration (UnP). Bachelor’s degrees in Business Administration and Accounting from Universidade Potiguar (UnP). Postgraduate diploma in Pedagogical Practices in Higher Education (UnP). Executive MBA in Business Strategy (UnP). Specializations in Project and Portfolio Management (FMU) and in Management with an Emphasis on Entrepreneurship and Business (IFMG). Currently pursuing postgraduate studies in Teaching for Professional and Technological Education (IFTO) and in Academic Futures and Integrated Curricula (UAM).

Janice Queiroz de Pinho Gonçalves, Universidade Federal de Uberlândia (UFU), Minas Gerais

Currently a PhD student in Education at the Federal University of Uberlândia (UFU), researching school cooperatives. Professor at IFMG – São João Evangelista Campus, teaching in both undergraduate and postgraduate programs. Holds a Bachelor's degree in Business Administration from Unicentro Newton Paiva (1998), a Licentiate Degree in Mathematics (FINOM, 2016), and a Licentiate Degree in Pedagogy (UNIUBE, 2022). Currently pursuing a Bachelor's degree in Accounting. Completed several Lato Sensu specializations, including Hospital Administration (UNAERP, 2000), Higher Education Teaching (PUC MINAS – PREPES, 2003), and School Management (Universidade Castelo Branco, 2006). Holds a Master’s degree in Financial Administration – Personal Financial Planning from Universidad Americana/PY (2013), and a Master’s degree in Rural Studies from UFVJM – focused on short marketing circuits and farmers’ markets (2022).

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Published

2025-05-21

How to Cite

Moreira de Araújo, F. N., & de Pinho Gonçalves, J. Q. . (2025). Analysis of ESG practices in brazilian oil and gas companies. Journal of Sustainable Institutional Management, 12(JSIM), e0148. https://doi.org/10.37497/jsim.v12.id148.2025

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Vol. 12 (2025): January - December

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Articles

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