QUANTIFYING SOCIAL RESPONSIBILITY INVESTMENTS TOWARD SUSTAINABLE INDUSTRIAL GROWTH. PETROBRAS'S SOCIAL AND ENVIRONMENTAL POLICIES AND ITS FOREIGN EP EXPERIENCE IN LATIN AMERICA

摘要

E&P projects are characterized by their impacts on the environment and by a long production period. Therefore it is very important for the company to keep good social relationships throughout its operational activity. This paper aims at discussing the impacts of E&P activities on communities and the environment based on Petrobras's experience in Latin America. Due to these impacts, Petrobras has developed its social and environmental policies, presented here based mainly on its intensive experience in Bolivia and Colombia. Excellence in environmental management is a factor of competitive differentiation among companies as well as an essential strategy for sustainable development . In this aspect, the question is how to quantify economic resources for a company to promote social development and industrial growth, both in a sustainable way. A methodology for social and environmental responsibility budgeting is presented according to the concept of Sustainable Industrial Growth. Two hypothetic projects are evaluated according to the presented concepts, considering the fiscal and contractual parameters of Argentina, Bolivia and Colombia.