Angola Petroleum Sector CSR Survey
The World Bank defines Corporate Social Responsibility (CSR) as the commitment of business to contribute to sustainable economic development, working with employees, their families, the local community and society at large to improve their quality of life, in ways that are both good for business and good for development. The World Bank’s CSR Practice, located in the Investment Climate Department of the Private Sector Development Vice Presidency, is focused on building public sector understanding of CSR and improving strategic interactions between business and government.
The current report is part of an ongoing multi-country study of Corporate Social Responsibility (CSR) and public sector policies and practices in developing countries. The ultimate objective of this project is to improve the impact of CSR by advising the public sector within developing countries on their potential roles, and by supporting implementation activities led by private sector companies in strategic economic sectors.
A World Bank mission to Angola in October 2002, with participation from the Angola Educational Assistance Fund (AEAF), led to a Technical Assistance Study on CSR in the Oil Sector in Angola published in January 2003. This study presented a baseline discussion of public sector roles in strengthening CSR. The present report expands the findings of that study, providing a detailed analysis of CSR investments undertaken by oil and oil services companies in Angola.