Corporate Strategy for Sustainable Development in the Oil and Gas Industry: Drivers, Agility Mechanisms, and SDG Alignment-Journal of Sustainability Research-CSCIED科技核心评价数据库-手机版

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

ES评分 0 浏览量：130 下载量：0

全文阅读下载引用收藏

DOI	10.20900/jsr20250061
刊名	Journal of Sustainability Research JSR
年，卷(期)	2025, 7(3)
作者	Dimitrios Dimitriou,Maria Sartzetaki,Aristi Karagkouni*,Vasiliki Efstratiou,
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
基金项目
页码	-

参考文献
相关文献

1.Sartzetaki M, Karampini T, Karagkouni A, Drimpetas E, Dimitriou D. Circular economy strategies in supply chain management: An evaluation framework for airport operators. Front Sustain. 2025;6:1558706. doi: 10.3389/frsus.2025.1558706.
2.Dimitriou D, Karagkouni A. Assortment of airports’ sustainability strategy: A comprehensiveness analysis framework. Int J Sustain. 2022a;14(7):4217. doi: 10.3390/su14074217.
3.Dimitriou D, Sartzetaki M, Karagkouni A. Managing airport corporate performance: Leveraging business intelligence and sustainable transition. Amsterdam (Netherlands): Elsevier; 2024. ISBN: 978-0-443-29109-8. doi: 10.1016/C2023-0-51427-2.
4.Dimitriou D, Karagkouni A. Du-dilligence of transport infrastructure operators’ sustainability: A circular economy driven approach. Front Sustain Circ Econ. 2022;3:916038. doi: 10.3389/frsus.2022.916038.
5.IPCC. Global warming of 1.5 °C. An IPCC special report on the impacts of global warming of 1.5 °C above pre-industrial levels and related global greenhouse gas emission pathways, in the context of strengthening the global response to the threat of climate change, sustainable development, and efforts to eradicate poverty. In: Masson-Delmotte V, Zhai P, Pörtner H-O, Roberts D, Skea J, Shukla P. editors. Cambridge (UK): Cambridge University Press; 2022.
6.Barney J. Firm resources and sustained competitive advantage. J Manag. 1991;17(1):99-120. doi: 10.1177/014920639101700108.
7.Teece DJ, Pisano G, Shuen A. Dynamic capabilities and strategic management. Strategic Manag J. 1998;18(7):509-33. doi: 10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z.
8.DiMaggio PJ, Powell WW. The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. Am Sociol Rev. 1983;48(2):147-60. doi: 10.2307/2095101.
9.Suchman MC. Managing legitimacy: Strategic and institutional approaches. Acad Manag Rev. 1995;20(3):571-610. doi: 10.5465/amr.1995.9508080331.
10.Boiral O. Sustainability reports as simulacra? A counter-account of A and A+ GRI reports. Account Auditing Accountab J. 2013;26(7):1036-71. doi: 10.1108/AAAJ-04-2012-00998.
11.Gray R. The social accounting project and accounting, organizations and society: Privileging engagement, imaginings, new accountings and pragmatism over critique? Account Organ Soc. 2002;27(7):687-708. doi: 10.1016/S0361-3682(00)00003-9.
12.Spence C. Social and environmental reporting and hegemonic discourse. Account Auditing Accountab J. 2007;20(6):855-82. doi: 10.1108/09513570710830272.
13.Flower J. The international integrated reporting council: A story of failure. Crit Perspect Account. 2015;27:1-17. doi: 10.1016/j.cpa.2014.07.002.
14.Cho CH, Laine M, Roberts RW, Rodrigue M. Organized hypocrisy, organizational façades, and sustainability reporting. Account Organ Soc. 2015;40:78-94. doi: 10.1016/j.aos.2014.12.003.
15.Banerjee SB. Corporate social responsibility: The good, the bad and the ugly. Crit Sociol. 2008;34(1):51-79. doi: 10.1177/0896920507084623.
16.Dimitriou D. Evaluation of corporate social responsibility performance in air transport enterprise. J Public Adm Governance. 2020;10(2):262-78. doi: 10.5296/jpag.v10i2.16645.
17.Kolk A. Multinationals and corporate social responsibility. Notizie di Politeia. 2010;26(98):138-52.
18.Maak T, Pless N. Responsible leadership in a stakeholder society—A relational perspective. J Bus Ethics. 2006;66:99-115. doi: 10.1007/s10551-006-9047-z.
19.Abdalla Y, Siti-Nabiha AK. Pressures for sustainability practices in an oil and gas company: Evidence from Sudan. Qual Res Account Manag. 2015;12:256-86. doi: 10.1108/QRAM-04-2014-0038.
20.Schaltegger S, Wagner M. Sustainable entrepreneurship and sustainability innovation: Categories and interactions. Bus Strat Env. 2011;20:222-37. doi: 10.1002/bse.682.
21.IPBES. Summary for policymakers of the global assessment report on biodiversity and ecosystem services of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services. In: Díaz S, Settele J, Brondízio ES, Ngo H, Guèze M, Agard J, et al., editors. Bonn (Germany): IPBES Secretariat; 2019.
22.IRP. Global Resources Outlook 2019: Natural Resources for the Future We Want. In: Oberle B, Bringezu S, Hatfield-Dodds S, Hellweg S, Schandl H, Clement J, et al., editors. Nairobi (Kenya): United Nations Environment Programme; 2019.
23.European Environment Agency. The European Environment—State and Outlook 2020: Knowledge for Transition to a Sustainable Europe. Copenhagen (Denmark): European Environment Agency; 2019. ISBN: 978-92-9480-090-9.
24.European Commission. Making Europe's businesses future-ready: A new Industrial Strategy for a globally competitive, green and digital Europe. 2020 Mar 10. Available from: https://ec.europa.eu/commission/presscorner/api/files/document/print/en/ip_20_416/IP_20_416_EN.pdf. Accessed on 25 Apr 2025.
25.Claeys G, Tagliapietra S, Zachmann G. How to make the European Green Deal work. Bruegel Policy Contribution. 2019; No. 2019/13. Available from: https://www.jstor.org/stable/resrep28626. Accessed on 20 Apr 2025.
26.Dimitriou D, Sartzetaki M. Modified fuzzy TOPSIS assessment framework for defining large transport enterprises business value. Oper Res. 2022;22:6037-53. doi: 10.1007/s12351-022-00719-9.
27.European Commission. COMMUNICATION FROM THE COMMISSION, The European Green Deal. 2019 Dec 11. Available from: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52019DC0640. Accessed on 20 Apr 2025.
28.Fetting C. The European Green Deal. ESDN Report. 2020 Dec. Available from: https://www.esdn.eu/fileadmin/ESDN_Reports/ESDN_Report_2_2020.pdf. Accessed on 20 Apr 2025.
29.European Commission. Reform Support. 2022f. Available from: https://reform-support.ec.europa.eu/what-we-do/green-transition_en#climate-action-and-emissions-reduction. Accessed on 25 Apr 2025.
30.European Commission. Protecting the environment and oceans with the Green Deal. 2022e. Available from: https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal/protecting-environment-and-oceans-green-deal_en. Accessed on 25 Apr 2025.
31.European Commission. Energy and the Green Deal. 2022b. Available from: https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal/energy-and-green-deal_en. Accessed on 25 Apr 2025.
32.European Commission. Transport and the Green Deal. 2022h. Available from: https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal/transport-and-green-deal_en. Accessed on 25 Apr 2025.
33.European Commission. Agriculture and rural development. 2022a. Available from: https://commission.europa.eu/topics/agriculture-and-rural-development_en Accessed on 25 Apr 2025.
34.European Commission. Finance and the Green Deal. 2022c. Available from: https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal/finance-and-green-deal_en#investing-in-a-green-future. Accessed on 25 Apr 2025.
35.European Commission. Industry and the Green Deal. 2022d. Available from: https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal/industry-and-green-deal_en. Accessed on 25 Apr 2025.
36.European Commission. Research and innovation for the European Green Deal. 2022g. Available from: https://ec.europa.eu/info/research-and-innovation/strategy/strategy-2020-2024/environment-and-climate/european-green-deal_en. Accessed on 25 Apr 2025.
37.Tsironis G, Karagkouni A, Dimitriou D, Tsagarakis KP. Mapping sustainable practices and concepts in the transportation ecosystem for the EU-27 countries, based on LinkedIn company profiles. Front Sustain. 2023;4:1268575. doi: 10.3389/frsus.2023.1268575.
38.United Nations. Transforming our world: the 2030 Agenda for Sustainable Development. 2015 Oct 21. Available from: https://sdgs.un.org/2030agenda. Accessed on 25 Apr 2025.
39.Karagkouni A, Dimitriou D. Sustainability performance appraisal for airports serving tourist Islands. Sustainability. 2022;14(20):13363. doi: 10.3390/su142013363.
40.Huber S, Mühlroth C, Zagel C, Schwarz S, Bodendorf F. Agile Innovation Management. Nuremberg (Germany): University of Erlangen-Nuremberg; 2016.
41.Garbie I. Implementation of agility concepts into oil industry. J Ser Sci Manag. 2011a;4(2):203-14. doi: 10.4236/jssm.2011.42024.
42.Poul S, Khanlarzadeh F, Samiei V. The impact of organizational culture on knowledge sharing. Int Rev. 2016;526(3-4):9-24. doi: 10.5937/intrev1604009P.
43.Sartzetaki M, Karagkouni A, Dimitriou D. A conceptual framework for developing intelligent services (a Platform) for transport enterprises: The designation of key drivers for action. Electronics. 2023;12(22):4690. doi: 10.3390/electronics12224690.
44.Shams R, Vrontis D, Belyaeva Z, Ferraris A, Czinkota M. Strategic agility in international business: A conceptual framework for “agile” multinationals. J Int Manag. 2021;27(1):100737.
45.Garbie I. Measuring the agility level in petroleum companies. In: IIE Annual Conference. Proceedings (p. 1). Norcross (GA, US): Institute of Industrial and Systems Engineers (IISE); 2011.
46.Fakunmoju S, Arokodare M, Makinde G. Strategic agility and competitive advantage of oil and gas marketing companies: The moderating effect of information technology capability and strategic foresight. J Account Manag. 2020;10(3). Available from: https://dj.univ-danubius.ro/index.php/JAM/article/view/430. Accessed on 25 Apr 2025.
47.Salah A, Çağlar D, Zoubi K. The impact of production and operations management practices in improving organizational performance: The mediating role of supply chain integration. Sustainability. 2023;15:15140. doi: 10.3390/su152015140.
48.Tinker AM. Paper prophets: A social critique of accounting. Westport (CT, US): Praeger; 1985.
49.Carbon Tracker Initiative. Reports and Analysis. 2025. Available from: https://carbontracker.org/reports. Accessed on 20 Apr 2025.
50.Transition Pathway Initiative (TPI). Carbon Performance Assessment of Oil & Gas Producers: Methodology Note. 2023. Available from: https://transitionpathwayinitiative.org/publications/uploads/2023-carbon-performance-assessment-of-oil-gas-producers-note-on-methodology. Accessed on 20 Apr 2025.
51.Science Based Targets initiative (SBTi). Oil and gas sector target validation criteria. 2025. Available from: https://sciencebasedtargets.org/sectors/oil-and-gas. Accessed on 20 Apr 2025.
52.CDP. CDP Scores 2023. Available from: https://dfge.de/cdp-scores-2023/. Accessed on 20 Apr 2025.
53.Greenpeace International. Reports and campaigns. 2025. Available from: https://www.greenpeace.org/international/. Accessed on 20 Apr 2025.
54.InfluenceMap. Big Oil's Real Agenda on Climate Change 2022. Available from: https://influencemap.org/report/Big-Oil-s-Agenda-on-Climate-Change-2022-19585. Accessed on 20 Apr 2025.
55.Creswell JW, Plano Clark VL. Designing and conducting mixed methods research. 2nd ed. Thousand Oaks (CA, US): Sage; 2011.
56.International Energy Agency (IEA). CO2 Emissions in 2023. Available from: https://www.iea.org/reports/co2-emissions-in-2023. Accessed on 25 Apr 2025.
57.BP. Sustainability Report “Reimagining energy for people and our planet. 2021. Available from: https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/sustainability/group-reports/bp-sustainability-report-2021.pdf. Accessed on 12 Apr 2025.
58.Chevron. Corporate sustainability report, Getting results the right way. 2021. Available from: https://www.chevron.com/-/media/shared-media/documents/chevron-sustainability-report-2021.pdf. Accessed on 12 Apr 2025.
59.ExxonMobil. Sustainability Report. 2022. Available from: https://corporate.exxonmobil.com/-/media/global/files/sustainability-report/publication/exxonmobil-sustainability-report.pdf. Accessed on 12 Apr 2025.
60.Gazprom. We are the future. 2021. Available from: https://sustainability.gazpromreport.ru/fileadmin/f/2021/sustainability-report-en-2021.pdf. Accessed on 12 Apr 2025.
61.Saudi Aramco. Energy security for a sustainable world. 2021. Available from: https://www.aramco.com/-/media/downloads/sustainability-report/saudi-aramco-sustainability-report-2021-en.pdf?la=en&hash=FBC097ED5D1F646B7847CFA03BEB5B2BF8D33293. Accessed on 12 Apr 2025.
62.Shell plc. Energy Transition Progress Report 2021. Available from: https://reports.shell.com/energy-transition-progress-report/2021/. Accessed on 12 Apr 2025.
63.Sinopec Corp. Annual Report and Accounts 2021. Available from: http://cwgs.sinopec.com/sfc/en/Resource/report/2021AnnualReport.pdf Accessed on 12 Apr 2025.
64.Dimitriou D, Karagkouni A. Airports’ sustainability strategy: Evaluation framework upon environmental awareness. Front Sustain. 2022;3:880718. doi: 10.3389/frsus.2022.880718.
65.European Commission. Communication from the Commission to the European parliament, the council, the European economic and social committee and the committee of the regions, Sustainable Europe Investment Plan, European Green Deal Investment Plan. 2020 Jan 14. Available from: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52020DC0021. Accessed on 20 Apr 2025.
66.Milne MJ, Gray R. W(h)ither ecology? The triple bottom line, the Global Reporting Initiative, and corporate sustainability reporting. J Bus Ethics. 2013;118(1):13-29. doi: 10.1007/s10551-012-1543-8.

引用本文

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). - .

文献评论

相关学者

相关机构