Project management in companies in the hydrocarbon sector in Colombia. A correlation analysis between economic performance and sustainability

Abstract

The ecological damage caused by business activity and project execution is universal in nature with irreversible effects for some components of ecosystems. The literature review made it possible to highlight three of the multiple causes responsible for ecological deterioration: the organizational footprint and its effects on ecological deterioration, the regulatory component versus the perception of ecological compensation, and the itinerary in the preparation of information on sustainability based on standards. with financial scope. The analysis of these components of the problem guided its methodology consisting of analyzing information from the sustainability documents released by corporations operating in the hydrocarbon industry. in Colombia, identifying two groups of variables: the resources impacted by this sector in the environmental dimension and another economic variable that measures the performance and financial situation. Their correlation was determined by generating an analysis model and it was concluded that there is no pattern or correlation between the economic and environmental variables measured by each of the entities and revealed in the integrated information reports.