ABSTRACT
This chapter discusses the sustainability issues were managed in Perez-Companc, a former Argentine conglomerate working mainly in the energy sector and agro-industries, and now part of the Brazilian Petrobras. The company had to modernise its infrastructure to deal with the increasing competition in the oil sector after deregulation and the privatisation of the state company ypf, including social and environmental management. Perez-Companc grew quickly in the oil sector with the acquisition of parts of ypf at relatively low prices. The internationalisation of the company led to different pressures to improve social and environmental management. The text examines the external and internal factors that led to changes in management, as well as how environmental and social affairs in the company evolved from being an appendix to the rest of the company to become part of the business strategy. Corporate citizenship has become increasingly important in business decision-making, especially in sectors with potential social and environmental impacts such as the energy sector.
