Stakeholders and Risks in Liquified Natural Gas Bunkering Projects: The Hidden Link

Abstract

The importance of stakeholders’ analysis for the effective management of risks in any business sector has been widely recognized and depicted in International Organization for Standardization (ISO) standards. This kind of analysis is even more necessary in businesses and organizations dealing with significant technological and market changes, such as the provision and usage of Liquefied Natural Gas (LNG) as a marine fuel. In the LNG bunkering industry, several methods have been proposed to support risk management. However, they all suffer from an important drawback: they guide risk management mainly to the identification, analysis, and control of potential accidental events within a health and safety or a technical reliability analysis framework, failing to structure the correlation of risks with the actual actors, i.e., the numerous stakeholders whose decisions may influence directly or indirectly the organization’s objectives. This paper presents a method to systematically analyze the role of stakeholders and their ability to pose threats and/or opportunities to an organization. The proposed approach employs the Social Network Analysis (SNA) methodology to model and analyze stakeholder interests, interactions, and relationships that are important to the organization’s objectives. The method is applied in a small-scale LNG bunkering project at a Greek port.

Opportunities and constraints for cleaner production policy in the developing world: a case study of Sindh Region, Pakistan

“… IUCN ( 2007 ), Sindh EPA ( 2014a , b , c , 2020 ) Sindh Sustainable Development Fund, Handing of Hazardous Substances, Functions of Agency, Prohibition of certain discharges or emissions and compliance with, Standards (Prepare Policies), Handing of Hazardous Substances, Sindh Factories Act 2015, Sindh Strategy for Sustainable Development 2007 PEPA, 1997 ; Pak EPA ( 2021 ) Pakistan Climate Change Act, 2017, National Energy Efficiency and Conservation Act, 2016, Textile Policy, National Climate Change Policy, 2012, Small and Medium Enterprises Development Authority Ordinance, 2002, Pakistan Environmental Protection Act, 1997, Factories Act, 1935, Framework for Implementation of Climate Change Policy 2014–2030, National Water Policy, 2018 (Pak EPA, 2021 ; PEPA, 1997 ) EPA ( 2012 , 2021) Punjab Environmental Protection Act, Policy on Controlling Smog 2017, Punjab Growth Strategy, 2018, Factories Act, 1935, Punjab Boilers and Pressure Vessels Ordinance, 2002 Who are key stakeholders for cleaner production policies? Bellos et al ( 2021 ), Buckingham et al ( 2018 ), Freeman ( 1984 ); Gilewicz et al ( 2016 ), Prell et al ( 2009 ), Zedan and Miller ( 2017 ) Regulator, (Public Sector), Trade and association, Academia and Research institutions, SMEs (Private Sector), Banks, Non-Profit Organization, Industries …”

“…Stakeholder mapping is a set of strategies for gathering and explaining data about participants in order to gain a better understanding of their concerns, demands, and expectations (Bellos et al, 2021 ). Stakeholder mapping entails examining the characteristics of various entities, from the likelihood of an organization gaining its stakeholders' perspectives to analyzing the impact and support they provide to decision-making and, more broadly, its development (Bellos et al, 2021 ; Gilewicz et al, 2016 ).…”

“…Stakeholder mapping is a set of strategies for gathering and explaining data about participants in order to gain a better understanding of their concerns, demands, and expectations (Bellos et al, 2021 ). Stakeholder mapping entails examining the characteristics of various entities, from the likelihood of an organization gaining its stakeholders' perspectives to analyzing the impact and support they provide to decision-making and, more broadly, its development (Bellos et al, 2021 ; Gilewicz et al, 2016 ). The review of literature highlights five critical steps in conducting stakeholder analysis: (1) Identifying stakeholders; (2) Stakeholder classification; (3) Investigating stakeholder relationships and interactions; (4) Information gathering, recording, and analysis; and (5) Stakeholder prioritization.…”