Corporate Strategy for Sustainable Development in the Oil and Gas Industry: Drivers, Agility Mechanisms, and SDG Alignment

Corporate Strategy for Sustainable Development in the Oil and Gas Industry: Drivers, Agility Mechanisms, and SDG Alignment

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DOI 10.20900/jsr20250061
刊名
JSR
年,卷(期) 2025, 7(3)
作者
作者单位

MaGBISE Research Laboratory, Department of Economics, Democritus University of Thrace, Komotini 69100, Greece ;

摘要
The oil and gas industry is at a critical crossroads, necessitating a re-evaluation of corporate strategies to align with sustainability imperatives. This paper investigates how oil and gas companies formulate and implement corporate strategies aligned with sustainability imperatives. By identifying the factors influencing strategic decisions and analyzing the application of corporate agility mechanisms, this study evaluates the integration of sustainability goals such as the United Nations Sustainable Development Goals (SDGs) and the European Green Deal within strategic frameworks. It also examines alignment with international frameworks like the SDGs. The study highlights the proactive approaches of oil and gas companies to adapt to shifting market and regulatory dynamics, fostering sustainability. Key challenges include balancing trade-offs in pursuing sustainable development and meeting diverse stakeholder expectations. Through case studies and empirical analysis, this research offers actionable insights for policymakers and business leaders, emphasizing the role of corporate agility in navigating the evolving energy landscape. The findings underscore the need for adaptability as companies face unprecedented changes, driving progress toward a more sustainable energy future.
Abstract
The oil and gas industry is at a critical crossroads, necessitating a re-evaluation of corporate strategies to align with sustainability imperatives. This paper investigates how oil and gas companies formulate and implement corporate strategies aligned with sustainability imperatives. By identifying the factors influencing strategic decisions and analyzing the application of corporate agility mechanisms, this study evaluates the integration of sustainability goals such as the United Nations Sustainable Development Goals (SDGs) and the European Green Deal within strategic frameworks. It also examines alignment with international frameworks like the SDGs. The study highlights the proactive approaches of oil and gas companies to adapt to shifting market and regulatory dynamics, fostering sustainability. Key challenges include balancing trade-offs in pursuing sustainable development and meeting diverse stakeholder expectations. Through case studies and empirical analysis, this research offers actionable insights for policymakers and business leaders, emphasizing the role of corporate agility in navigating the evolving energy landscape. The findings underscore the need for adaptability as companies face unprecedented changes, driving progress toward a more sustainable energy future.
关键词
sustainable development; oil and gas industry; corporate strategies; agility; strategic planning
KeyWord
sustainable development; oil and gas industry; corporate strategies; agility; strategic planning
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Dimitrios Dimitriou,Maria Sartzetaki,Aristi Karagkouni*,Vasiliki Efstratiou. Corporate Strategy for Sustainable Development in the Oil and Gas Industry: Drivers, Agility Mechanisms, and SDG Alignment [J]. Journal of Sustainability Research. 2025; 7; (3). - .

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