1. Evaluating decision making, problem solving, and corporate behavior in the business setting of Royal Dutch Shell plc:
The 'a' part of the Code of Ethics -- COE of Royal Dutch Shell plc speaks interalia about honesty, integrity and fairness. In keeping with the same, Shell performs an impact assessment with the commitment of advancing the objective of causing no harm to people and safeguarding the environment. Impact assessment is needed before launching every new project and important and major facility developments as also before important alterations or rejection of the present facilities. Impact assessment gives a planned method of forward looking on the manner in which positive as well as negative impacts could surface right through every stages of a project development from the identification of a business opportunity to its operation and discarding the same. Hence it is an instrument for assisting design and decision-making. ("Environment and Society: Impact Assessment", n. d.)
A complete assessment of a project's impact needs an impact assessment taking into account environmental, social and health concerns. The impact assessment requires to be aligned with the project development process, and delve into the matters, in relation to the host society as well as the community and international interest which are vital within and outside the project scope. The business of Shell is able to impact matters beyond their immediate control and the impact assessment gives a way to comprehend possible outcomes and assists in managing them. An impact assessment is generally a necessity at the national level as also a necessity at Shell. It is sometimes a constituent of the regulatory and approval process. In case of the third party lenders, like the World Bank/ IFC, the Banks who is the signatories to the Equator Principles or European Bank for Reconstruction and Development -- EBRD, an impact assessment ha...