Designing a decision support tool for integrating ESG into the natural resource extraction industry for sustainable development using the ordinal priority approach

Quayson, Matthew; Bai, Chunguang; Mahmoudi, Amin; Hu, Weihao; Chen, Wei; Omoruyi, Osayuwamen

doi:10.1016/j.resourpol.2023.103988

Cited by 21 publications

(4 citation statements)

References 43 publications

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“…The results present policymakers and health sector managers with a hierarchical blockchain implementation guide. This is because of their incapability to incorporate all critical factors due to resource scarcity simultaneously (Quayson et al. , 2023a, b).…”

Section: Resultsmentioning

confidence: 99%

Modeling the enablers of blockchain technology implementation for information management in healthcare supply chains

Quayson,

Avornu,

Bediako

2024

MSCRA

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PurposeBlockchain technology enhances information management in healthcare supply chains by securing healthcare information and providing medical resource traceability. However, there is no decision framework to support blockchain implementation for managing information, especially in emerging economies’ healthcare supply chains. This paper develops a hierarchical decision model for implementing blockchain technology for information management in emerging economies’ healthcare supply chains.Design/methodology/approachThis study uses 20 health supply chain experts in Ghana to rank 17 decision criteria for implementing blockchain for healthcare information management using the best-worst method (BWM) multi-criteria decision technique.FindingsThe results show that “security” and “privacy,” “infrastructural facility” and “presence of training facilities” are the top three critical factors impacting blockchain adoption in the health supply chain for healthcare information management. Other sub-factors are prioritized.Practical implicationsTo implement blockchain effectively to enhance information management in the healthcare supply chain, health institutions, blockchain technology providers and state authorities should concentrate on the highly critical factors extracted from the study.Originality/valueThis is the first study that develops a hierarchical decision model for implementing blockchain technology in emerging economies' health supply chains.

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Section: Resultsmentioning

confidence: 99%

Modeling the enablers of blockchain technology implementation for information management in healthcare supply chains

Quayson,

Avornu,

Bediako

2024

MSCRA

Self Cite

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“…The robust connection between infrastructure development and SDGs/ESG objectives is not merely conceptual but is increasingly recognized as a pragmatic approach to addressing global challenges (Hoang et al, 2023). The World Bank emphasizes the crucial role of infrastructure in achieving sustainable development and advocates for the incorporation of environmental and social considerations into infrastructure projects (Quayson et al, 2023). Similarly, the Global Reporting Initiative's (GRI) standards reinforce the importance of reporting on ESG aspects, emphasizing transparency and accountability necessary for sustainable infrastructure development (Hatayama, 2022).…”

Section: Literature Review 21 Nexus Of Esg Objectives and Sdgs In Inf...mentioning

confidence: 99%

“…, 2023). The World Bank emphasizes the crucial role of infrastructure in achieving sustainable development and advocates for the incorporation of environmental and social considerations into infrastructure projects (Quayson et al. , 2023).…”

Section: Literature Reviewmentioning

confidence: 99%

Establishing the relationship between the strategic factors influencing blockchain technology deployment for achieving SDG and ESG objectives during infrastructure development: an ISM-MICMAC approach

Singh,

Kumar

2024

SASBE

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PurposeImplementing blockchain in sustainable development goals (SDGs) and environmental, social and governance (ESG)-aligned infrastructure development involves intricate strategic factors. Despite technological advancements, a significant research gap persists, particularly in emerging economies. This study aims to address the challenges related to SDGs and ESG objectives during infrastructure delivery remain problematic, identifying and evaluating critical strategic factors for successful blockchain implementation.Design/methodology/approachThis study employs a three-stage methodology. Initially, 13 strategic factors are identified through a literature review and validated by conducting semi-structured interviews with six experts. In the second stage, the data were collected from nine additional experts. In the final stage, the collected data undergoes analysis using interpretive structural modeling (ISM)–cross-impact matrix multiplication applied to classification (MICMAC), aiming to identify and evaluate the independent and dependent powers of strategic factors driving blockchain implementation in infrastructure development for SDGs and ESG objectives.FindingsThe study’s findings highlight three significant independent factors crucial for successfully integrating blockchain technology (BT) into infrastructure development for SDGs and ESG goals: data security (F4), identity management (F8) and supply chain management (F7). The study unravels these factors, hierarchical relationships and dependencies by applying the MICMAC and ISM techniques, emphasizing their interconnectedness.Originality/valueThis study highlights critical strategic factors for successful blockchain integration in SDG and ESG-aligned infrastructure development, offering insights for policymakers and practitioners while emphasizing the importance of training and infrastructure support in advancing sustainable practices.

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“…Meng and Shaikh [24] employed the Fuzzy Analytic Hierarchy Process (AHP) and Weighted Aggregated Sum Product Assessment (WASPAS) methodology to assess investment risk in green finance. Quayson et al [25] utilized the Ordinal Priority Approach (OPA) and Multi-Criteria Decision Making (MCDM) to analyze the impact of ESG on natural resources as part of their application of ESG for sustainable development. Escrig-Olmedo et al [26] showcased the integration of ESG investors and sustainable investment through the use of fuzzy MCDM methods, highlighting its advantages and application in prioritizing ESG management factors based on country-specific variables.…”

Section: Literature Reviewmentioning

confidence: 99%

The Quest for an ESG Country Rank: A Performance Contribution Analysis/MCDM Approach

Tan,

Karbassi Yazdi,

Antunes

et al. 2024

Mathematics

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Utilizing Multi-Criteria Decision Analysis (MCDA) methods based on environmental, social, and governance (ESG) factors to rank countries according to these criteria aims to evaluate and prioritize countries based on their performance in environmental, social, and governance aspects. The contemporary world is influenced by a multitude of factors, which consequently impact our lives. Various models are devised to assess company performance, with the intention of enhancing quality of life. An exemplary case is the ESG framework, encompassing environmental, social, and governmental dimensions. Implementing this framework is intricate, and many nations are keen on understanding their global ranking and avenues for enhancement. Different statistical and mathematical methods have been employed to represent these rankings. This research endeavors to examine both types of methods to ascertain the one yielding the optimal outcome. The ESG model comprises eleven factors, each contributing to its efficacy. We employ the Performance Contribution Analysis (PCA), Clifford algebra method, and entropy weight technique to rank these factors, aiming to identify the most influential factor in countries’ ESG-based rankings. Based on prioritization results, political stability (PSAV) and the voice of accountability (VA) emerge as pivotal elements. In light of the ESG model and MCDA methods, the following countries exhibit significant societal impact: Sweden, Finland, New Zealand, Luxembourg, Switzerland, Denmark, India, Norway, Canada, Germany, Austria, and Australia. This research contributes in two distinct dimensions, considering the global context and MCDA methods employed. Undoubtedly, a research gap is identified, necessitating the development of a novel model for the comparative evaluation of countries in relation to prior studies.

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Designing a decision support tool for integrating ESG into the natural resource extraction industry for sustainable development using the ordinal priority approach

Cited by 21 publications

References 43 publications

Modeling the enablers of blockchain technology implementation for information management in healthcare supply chains

Modeling the enablers of blockchain technology implementation for information management in healthcare supply chains

Establishing the relationship between the strategic factors influencing blockchain technology deployment for achieving SDG and ESG objectives during infrastructure development: an ISM-MICMAC approach

The Quest for an ESG Country Rank: A Performance Contribution Analysis/MCDM Approach

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