Journal Of World Science
Vol. 2 No. 9 (2023): Journal of World Science

Creating Shared Value in Upstream Oil and Gas Company and Community: A Case Study of CSR Implementation in PT Pertamina EP Tarakan Field

Isrianto Kurniawan (Institut Teknologi Bandung, Jawa Barat, Indonesia)
Neneng Nurlaela Arief (Institut Teknologi Bandung, Jawa Barat, Indonesia)



Article Info

Publish Date
30 Sep 2023

Abstract

This research examines a Creating Shared Value (CSV) practice trough CSR implementation in upstream oil and gas company and how it corresponds to sustainability. In a year of 2020, saw a notable natural declined in energy resources as a result of Tarakan Field production performance. This faced numerous economic and social challenge, including a responsibility to support holding company commitment to manage energy resilience as well as contribute to SDGs. This research, which incorporates information from literature analysis, in-depth interviews and company reports, shows that Tarakan Field’s CSR implementations were a useful strategy for generating shared value for business, stakeholders, and communities in line with sustainability. It makes an argument for the relationship between CSR implementation and sustainability, as well as the implementation plan and CSV measurement through CSR implementation in Tarakan Field. These concerns are particularly evident in the vague of CSV measurement which made it inefficient for the company to meet its commitment by unintegrated CSR and operation activities in spite of company strategy.

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Journal Info

Abbrev

jws

Publisher

Subject

Computer Science & IT Economics, Econometrics & Finance Engineering Health Professions Law, Crime, Criminology & Criminal Justice Social Sciences

Description

Journal Of World Science is a scientific journal in the form of research and can be accessed openly. This journal is published monthly by CV Riviera Publishing. Journal of World Science provides a means for ongoing discussion of relevant issues that fall within the focus and scope of the journal ...