Sustainability Strategy of Hess Corporation in New Country Entry

Abstract

As a global resource company, Hess Corporation is invested in oil and gas projects around the world. With the marketing and refining divisions of the corporation newly divested, the streamlined company looks to enter new countries, and in doing so, Hess seeks to make viable social and environmental investments that will serve both the countries’ needs and the company business model. We have developed a screening tool that first compiles World Bank and UN data for all available countries into categories to assess a country’s social investment needs. The tool then analyzes Hess’ previous social investment project management experience alongside the objective country needs to present a gap analysis. Finally, Hess’ main business drivers for the specific country of entry are entered, and the tool produces a series of prompts for developing a sustainable social investment strategy.