Corporate Social Responsibility (CSR) is a concept, directly related with these challenges and the objectives of the new European strategy, whereby companies integrate social and environmental objectives in their business activities and contacts with other interested parties. Nowadays, the companies more than other stakeholders, address the problem in a long term plan, and becoming a driving force for the development of relative initiatives in the fight against climate change and promotion of environmentally friendly options, such as RES and RUE.
In recent years, the government, industries and companies in the GCC countries have started to realize that the CSR concept can improve their competitiveness, strengthening the economy and the volume of exports. For instance, the First Saudi Consumer Protection and Social Responsibility Forum was launched by the Ministry of Commerce and Industry of the Kingdom of Audi Arabia in February 2012.
The rapid economic growth of the GCC countries is led by their oil and gas industry, as well as other industries such as petrochemicals and steel. The gradual awareness raising on environmental protection and sustainable development in the GCC can mobilize the relevant industries and companies to become a driving force for the development of relative initiatives in the fight against climate change and the promotion of environmentally friendly practices.
The general objective is to support the energy and environmental corporate responsibility of the GCC countries’ industries and companies. The specific objective is the development of an integrated methodological framework providing the following (Doukas et al., 2012): Environmental Footprint, Action Plans, Green Policies
Doukas, H., Marinakis, V., Psarras, J. Greening the hellenic corporate energy policy: An integrated decision support framework (2012) International Journal of Green Energy, 9 (6), pp. 487-502
Corporate social responsibility (International Journal of Management Reviews)
Globalization and the environment: Strategies for international voluntary environmental initiatives (Academy of Management Perspectives)