In a sector faced with unpredictable changes that will affect different stakeholder relationships, it is necessary to develop strategies based on transparency and constructive dialogue.
The energy, oil and gas sector is an element which is compatible with the environment and sustainable development under virtuous principles of its management process. It is, however, a commonplace practice to associate a negative image to the sector. Activities based on obtaining these natural resources often produce dissatisfaction in society and especially in those communities in which its activity is developed and where relations tend to be particularly strained.
The problems are not intrinsic to the activity but come from the management and communication of its projects. It is indisputable that the activity of these enterprises has a major social and environmental impact but it also implies great contributions towards the development of communities that find employment, training opportunities and significant improvements in their quality of life in this activity.
For a sustainable, efficient contribution by the enterprises in this sector to the communities and added value, it is paramount to implement communication strategies and to establish a constructive social dialogue. In addition, in such a complex sector, there must be in-depth knowledge about the industry, monitoring the regulatory environment in order to be ready to face possible changes or threats that directly affect our business. Thanks to experience accrued particularly in South America, the LLYC team of specialists helps develop long term strategies to offset possible operating risks and improve long-term results.
The problems are not intrinsic to the activity but come from the management and communication of its projects. It is indisputable that the activity of these enterprises has a major social and environmental impact but it also implies great contributions towards the development of communities that find employment, training opportunities and significant improvements in their quality of life in this activity.
For a sustainable, efficient contribution by the enterprises in this sector to the communities and added value, it is paramount to implement communication strategies and to establish a constructive social dialogue. In addition, in such a complex sector, there must be in-depth knowledge about the industry, monitoring the regulatory environment in order to be ready to face possible changes or threats that directly affect our business. Thanks to experience accrued particularly in South America, the LLYC team of specialists helps develop long term strategies to offset possible operating risks and improve long-term results.
Cases
Mémora Electium
9 Jul 2019
Effects of the Mercosur-European Union Agreement
Last June 28th, the Strategic Association Agreement between the Southern Common Market (Mercosur) and the European Union (EU) was signed, coinciding with the end of the G20 Summit, held...
25 Jun 2019
The Women’s World Cup: Brands as Agents of Change
June and July remain the most emotional months of the year in the soccer world. Teams of athletes will compete in the Women’s World Cup, with this year’s roster...
13 Jun 2019
Restoring the Banking Sector’s Reputation: Challenges and...
Bailouts, preferred stock, mortgage expenses, millionaire retirements, commissions… In recent years, days when the economics section of a newspaper contains none of these words have become few and far...
12 Jun 2019
Cultural Transformation for Survival
Many companies tend to focus on tried-and-true business strategies that have worked for them in the past. However, success is situational, and the parameters that led to the success...