Ethics codes and ethics management in the oil and gas industry

Codes of ethics and in a broader meaning ethics management are essential instruments for integrating ethics principles and norms of ethics into everyday corporate practice.

Ethics management is an overall concept which does not only mean a mechanical introduction of ethics institutions, but it also provides a reasoned and a complex approach to this issue. In the oil industry several efforts have been made to promote ethics. Its ethics institutional systems can be considered to be well developed. After giving a definition of ethics, business ethics and ethics management concepts, this article conducts a comparative analysis of ethics codes of selected companies, among them several high-profile firms, operating in this industry sector.

Krisztina Szegedi, PhD