Corporate Social Responsibility Practices at PEMEX: An Analysis on stakeholders

Saúl Alfonso Esparza Rodríguez (), Jaime Apolinar Martínez-Arroyo (), Enrique Esquivel Fernández () and Gabino García Tapia ()
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Saúl Alfonso Esparza Rodríguez: Arkansas State University, USA
Jaime Apolinar Martínez-Arroyo: Universidad Michoacana de San Nicolás de Hidalgo, México
Enrique Esquivel Fernández: Cámara de Diputados de la LXV Legislatura, México
Gabino García Tapia: Universidad Nacional Autónoma de México, México
Authors registered in the RePEc Author Service: Saul Alfonso Esparza-Rodriguez

Tiempo y Economía, 2022, vol. 9, issue 2, 172-191

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.

Keywords: Stakeholder Matrix; PEMEX; sustainability practices; CSR; strategy; competitive advantage; Economic history (search for similar items in EconPapers)
JEL-codes: I38 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:col:000485:021084

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