A Surge toward a Sustainable Future: Organizational Change and Transformational Vision by an Oil and Gas Company

Jaber, Tahrir

doi:10.1590/1982-7849rac2021200031.en

Cited by 3 publications

(3 citation statements)

References 86 publications

(86 reference statements)

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“…There were some minor changes in the factors' sentences, according to expert opinions, which were considered in the final version. Experts have been used to review and refine different factors in other studies as well, as indicated in (Ghaithan et al , 2021; Jaber, 2021; Kamble and Gunasekaran, 2021; Ronaghi and Mosakhani, 2022). This process ensured the content validity of the measurement instrument and confirmed its ability to measure what it was intended to measure.…”

Section: Methodsmentioning

confidence: 99%

Impact of technology management in improving sustainability performance for Egyptian petroleum refineries and petrochemical companies

Yousef,

ElSabry,

Adris

2023

IJESM

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Purpose Petroleum companies have various goals in light of high energy prices, uncertainty and potential fluctuations in demand in the current digital age, including making a profit while maintaining long-term sustainability and lowering their environmental impacts. The purpose of this paper is to explore the impact of technology management (TM) and its practices through process and maintenance technologies on sustainability performance (SP) for petroleum refineries and petrochemical companies in terms of economic, environmental and social sustainability. Design/methodology/approach A new proposed framework has been developed for a clearer understanding in relation to these aspects. The study was conducted among Egyptian refineries and petrochemical companies. A structured questionnaire was used to collect data from 65 petroleum experts and professionals, which was then summarized using statistical analysis, hypothesis testing and regression analysis. Findings The findings demonstrate that TM has a significant and direct impact on SP. Furthermore, the study shows that process technology (PT) has a positive influence on the three aspects of SP. Although maintenance technology has a positive impact on economic and environmental sustainability, it shows no direct effect on social sustainability. Research limitations/implications The degree to which TM and sustainability principles are implemented across petroleum companies in various countries varies significantly because of managerial and cultural dimensions. Therefore, when conducting the research, it is important to consider the study’s geographical area to comprehend how these practices are impacted by the distinctive managerial and cultural settings of each country. Also, respondents in developing countries do not participate in such surveys with much enthusiasm. Practical implications The study shows that implementing TM practices generates more economic stability and ensures environmental and social sustainability. The research studied how PT and maintenance practices affected each aspect of sustainability. These findings can apply to all downstream oil companies, regardless of their size or type of operations. Further research can be conducted to examine the relationship between variables in other industries. Social implications Decision-makers and managers may use the study's findings to improve their companies' performance and develop new plans and policies. The results demonstrate that companies will have a greater chance of achieving sustainable performance if they incorporate process and maintenance technologies into their activities. Besides economic and environmental sustainability, petroleum companies must strive for social sustainability. Originality/value The study is regarded as a significant contribution to the management of petroleum refineries and petrochemical companies, as it combined TM practices with SP in a single research framework. Industry executives and researchers can use this research as a guide that can be applied to all petroleum companies in the same country.

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Section: Methodsmentioning

confidence: 99%

Impact of technology management in improving sustainability performance for Egyptian petroleum refineries and petrochemical companies

Yousef,

ElSabry,

Adris

2023

IJESM

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“…The paper "A surge toward a sustainable future: Organizational change and transformational vision by an oil and gas company" (Jaber, 2021) investigates drivers toward sustainability, specifically how institutional drivers of a large established corporation undergoing a sustainable transition influence certain action. This article employs quantitative data and takes a step forward toward examining the employees' role in selecting innovative sustainable projects such as renewable energy.…”

Section: The Special Issue the Special Issuementioning

confidence: 99%

Perspectives of Sustainability

et al. 2021

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Objective: the idea of this special issue is to explore in more detail how resilient, sustainable, and responsible business models could be developed. Methods: the papers selected for this special issue offer different approaches to study (a) the state of the art of this field and (b) methods and drivers for achieving the above goals. The research design used is systematic literature reviews, qualitative studies, quantitative studies, and case studies. Results: from the literature reviews, it becomes evident that the triple bottom line needs more sophisticated approaches including operationalization, analysis, discussion, or results of all the three dimensions. Further, several of the papers support recent research regarding the importance of the stakeholders. Conclusions: stakeholder participation emerges as an important research avenue for sustainable business model. Thus, the sustainable business models and the responsible research and innovation literature approach each other on this issue. Managerial implication is to focus on including and understanding its stakeholders. Political implication is to be aware of the context that businesses are operating in to create systems that make it possible to operate sustainably.

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“…A incorporação de práticas sustentáveis tem crescido no ambiente empresarial desde a formulação do conceito de sustentabilidade corporativa, tendo como base o Triple Bottom Line definido por Elkington (1994), independente do porte das empresas, desde pequenas a grandes corporações. A sustentabilidade pode ser vista como um compromisso que busca permitir a uma empresa desenvolver novas alternativas que sejam sustentáveis, visando assim alcançar novas perspectivas, tais como o desenvolvimento socioambiental, ao invés de focar somente em ganhos econômicos (Jaber, 2020).…”

Section: Introductionunclassified

A Relação entre Investimentos Socioambientais e Desempenho Financeiro: Evidências do Setor Energético Brasileiro

Mota

Pimentel

2021

RGSA

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Este estudo objetivou analisar a relação entre os investimentos em práticas socioambientais e o desempenho financeiro das empresas de capital aberto listadas na Bovespa, pertencentes ao segmento de energia elétrica que publicaram seus Relatórios Socioambientais entre os anos de 2015 e 2019. A metodologia aplicada é de natureza descritiva, documental e quantitativa. Os dados socioambientais foram obtidos por meio da análise dos relatórios socioambientais, especificadamente no Balanço Ibase, enquanto os dados financeiros foram coletados no site da Bovespa. Para a amostra, com 14 empresas, foram aplicadas técnicas de análise estatística dos dados, como estatística descritiva, correlação e regressão com dados em painel. Os resultados evidenciaram que os investimentos em ISI foram os mais expressivos, em termos de valores. Observou-se correlação negativa e significativa entre as variáveis ISI e ROA e positiva e significativa entre ROE e ROA, a primeira correlação indica, a priori, que quanto menor for o valor do retorno dos ativos das empresas, maior será os investimentos sociais. Quanto aos resultados da análise de regressão, os indicadores ROA e ROE obtiveram achados estatisticamente iguais em relação aos investimentos socioambientais e o porte das companhias, com exceção da variável ISI, a qual indicou que o investimento nos colaboradores gerou retorno positivo e significativo para os acionistas da empresa, o mesmo não foi observado para o retorno dos ativos, que teve relação negativa e significante.

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A Surge toward a Sustainable Future: Organizational Change and Transformational Vision by an Oil and Gas Company

Cited by 3 publications

References 86 publications

Impact of technology management in improving sustainability performance for Egyptian petroleum refineries and petrochemical companies

Impact of technology management in improving sustainability performance for Egyptian petroleum refineries and petrochemical companies

Perspectives of Sustainability

A Relação entre Investimentos Socioambientais e Desempenho Financeiro: Evidências do Setor Energético Brasileiro

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