Developing a Green Governance Framework for the Performance Enhancement of the Oil and Gas Industry release_mxz7axqerzf35goz6xpwd7hdn4

by Syed Quaid Ali Shah, Fong-Woon Lai, Muhammad Kashif Shad, Ahmad Ali Jan

Published in Sustainability by MDPI AG.

2022   Volume 14, Issue 3735, p3735

Abstract

Green governance is an emerging concept that has received considerable attention from academics and industry over the last decade. Nevertheless, limited evidence is available on how green governance can affect the overall performance of firms. Accordingly, the study develops a green governance framework and establishes its relationship with the firm performance measured through shareholder value-added. While developing a new framework, this study integrated enterprise risk management, sustainability indicators, and green board committees to provide a holistic view of green governance. A contentious examination of the extant literature indicates the efficacy of these factors in mitigating economic, social, environmental, and governance risks. Firms, coping with these risks through the execution of a green governance framework, ensure shareholders' interest by enhancing their financial returns and stakeholders through promoting sustainability. The study provides theoretical and practical insights to the policymakers, regulators, and practitioners of the oil and gas industry in promoting sustainable and cleaner operations by executing a green governance framework. To the best of the authors' knowledge, this is the first study to propose an integrated green governance framework for the performance enhancement of oil and gas companies.
In text/plain format

Archived Files and Locations

application/pdf  1.6 MB
file_on72gn5nozcp3cuv6qa6sabbiq
mdpi-res.com (publisher)
web.archive.org (webarchive)
Read Archived PDF
Preserved and Accessible
Type  article-journal
Stage   published
Year   2022
Language   en ?
Container Metadata
Open Access Publication
In DOAJ
In ISSN ROAD
In Keepers Registry
ISSN-L:  2071-1050
Work Entity
access all versions, variants, and formats of this works (eg, pre-prints)
Catalog Record
Revision: af6ff42f-8fb1-4abc-969c-78a53b2becca
API URL: JSON