Journal of Private and Commercial Law
Vol. 8 No. 2 (2024): Journal of Private and Commercial Law

RESPONSIBILITY IN SUSTAINABILITY PRINCIPLES IMPLEMENTATION IN INTERNATIONAL OIL TRADE

Puteri, Dina Silvia (Unknown)



Article Info

Publish Date
28 Jun 2025

Abstract

As globalization grows, it eliminates national boundaries and accelerates international trade, with petroleum being the most traded commodity. However, petroleum, a fossil fuel, produces carbon emissions that contribute to global warming. In response, the principle of sustainability emerged, focusing on ensuring that today's activities do not harm future generations. This study explores the responsibility of upholding sustainability in international oil trade. Specifically, it examines how the principle is adopted in global oil trade and how Indonesia implements it. The research uses a normative-critical approach, including statutory, conceptual, and legal analyses. To align with sustainability, international oil companies must address environmental, social, and economic impacts through the triple bottom line framework, namely people, planet, and profit. By incorporating these principles into their annual reports, oil companies can demonstrate their commitment to sustainability.

Copyrights © 2024






Journal Info

Abbrev

jpcl

Publisher

Subject

Law, Crime, Criminology & Criminal Justice

Description

The Journal of Private and Commercial Law (ISSN Print 2599-0314 ISSN 2599-0306 Online) is a scientific publication dedicated to the fields of Private and Commercial Law, as well as related disciplines. It was initiated by the Department of Private and Commercial Law, Faculty of Law at Universitas ...