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Corporate Social Responsibility Practices at PEMEX: An Analysis on stakeholders

Author

Listed:
  • Esparza Rodríguez, Saúl Alfonso

    (Arkansas State University, USA)

  • Martínez-Arroyo, Jaime Apolinar

    (Universidad Michoacana de San Nicolás de Hidalgo, México)

  • Esquivel Fernández, Enrique

    (Cámara de Diputados de la LXV Legislatura, México)

  • García Tapia, Gabino

    (Universidad Nacional Autónoma de México, México)

Abstract

Nowadays, adopting an organizational approach focused on sustainable practices aimed at promoting the responsible use of resources can represent a competitive advantage for companies, which can thus keep costs low and reputation high. An example of a company that adopts this approach is Petróleos Mexicanos (PEMEX). For this research, an analysis of the external management structure of the company –whose Interest Groups includes indigenous communities, civil society, government, media, suppliers and customers— was carried out based on the information provided on its website. The evaluation of the organization’s performance in terms of its relationship with relevant stakeholders includes the annual reports provided by the company, using a matrix that includes the results obtained each year in terms of stakeholder management. The results show a decreasing tendency of the company on its investment in socially responsible practices, which contradicts the justification of such investment to promote and boost the competitive advantage of the company.

Suggested Citation

  • Esparza Rodríguez, Saúl Alfonso & Martínez-Arroyo, Jaime Apolinar & Esquivel Fernández, Enrique & García Tapia, Gabino, 2022. "Corporate Social Responsibility Practices at PEMEX: An Analysis on stakeholders," Tiempo y Economía, Universidad de Bogotá Jorge Tadeo Lozano, vol. 9(2), pages 172-191, July - De.
    • Handle: RePEc:col:000485:021084
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    More about this item

    Keywords

    Stakeholder Matrix; PEMEX; sustainability practices; CSR; strategy; competitive advantage; Economic history;
    All these keywords.

    JEL classification:

    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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