Sustainability strategies by oil and gas companies, contribution to the SDGs and local innovation ecosystems

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dc.contributor.authorMenéndez Sánchez, Jaime
dc.contributor.authorFernández Gómez, Jorge
dc.contributor.authorAraujo de la Mata, Andrés
dc.date.accessioned2025-06-11T10:15:59Z
dc.date.available2025-06-11T10:15:59Z
dc.date.issued2023-03-08
dc.date.updated2025-06-11T10:15:59Z
dc.description.abstractOil and gas (O&G) companies are facing increasing pressure to transform their businesses in order to contribute effectively to the transition from an economy based on fossil fuels to one driven by clean energy technologies. Understanding how O&G companies can define actions to comply with the United Nations’ Sustainable Development Goals (SDGs) and, specifically, how they can generate a positive impact in terms of sustainability through technology innovation becomes relevant in order to guarantee the success of such transformation. To explore this issue, this article analyzes, using a case study research methodology, the sustainability strategy of an O&G company in the Basque Country region (Spain) that is undergoing a profound transformation of its overall business strategy. In particular, the analysis focuses on how the company’s innovation and research and development (R&D) activities and projects related to clean technologies contribute to fulfilling the energy- and non-energy-related SDGs. The main result of the analysis is the identification and characterization of an emerging complex public–private multi-stakeholder business and innovation ecosystem surrounding the O&G company under scrutiny with a clear focus on low-carbon technologies. This ecosystem channels knowledge and innovation synergies and spillovers at the local and regional levels, encouraging green industrial growth in different value chains, and provides insights about how O&G companies can contribute effectively to the SDGs and, at the same time, increase the sustainability of their businesses.en
dc.description.sponsorshipThis publication was generously supported by the University of Deusto’s Research Results Transfer Office (Deiker) grant “Contrato Programa—Artículos ISI” No. 2023/0009en
dc.identifier.citationMenéndez-Sánchez, J., Fernández-Gómez, J., & Araujo-de-la-Mata, A. (2023). Sustainability strategies by oil and gas companies, contribution to the SDGs and local innovation ecosystems. Energies, 16(6). https://doi.org/10.3390/EN16062552
dc.identifier.doi10.3390/EN16062552
dc.identifier.eissn1996-1073
dc.identifier.urihttps://hdl.handle.net/20.500.14454/3012
dc.language.isoeng
dc.publisherMDPI
dc.rights© 2023 by the authors
dc.subject.otherCorporate sustainability
dc.subject.otherDecarbonization
dc.subject.otherEnergy transition
dc.subject.otherIndustrial clusters
dc.subject.otherInnovation
dc.subject.otherOil and gas
dc.subject.otherSustainable development goals
dc.titleSustainability strategies by oil and gas companies, contribution to the SDGs and local innovation ecosystemsen
dc.typejournal article
dcterms.accessRightsopen access
oaire.citation.issue6
oaire.citation.titleEnergies
oaire.citation.volume16
oaire.licenseConditionhttps://creativecommons.org/licenses/by/4.0/
oaire.versionVoR
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