Connecting strategy, environmental and social indicators: a study of oil and gas producers
Connecting strategy, environmental and social indicators: a study of oil and gas producers / E. Varfolomeev, O. Marin, D. Bykov, O. Karasev, N. Velikanova, E. Vetchinkina, A. Edelkina, T. Thurner. National Research University. High School of Economics (Russia), 2014, 20 p.(WP BRP 24/STI/2014)
Authors’s abstract :
This paper studies the integration of social and environmental objectives into strategy through performance indicators based on a sample of multinational world-leading oil- and gas producers. Also, we inquire if the companies under study, which identify certain areas as strategic
objectives, do better than their peers. We show that top management of the companies did indeed identify different areas of interest, had different strategic foci, and used different performance indicators. This is often explicable through a company’s own history and past experiences. When
comparing a sample of greenhouse gas emissions, safety measures, and energy efficiency indicators between the different companies, we could not identify a consistent development over time trends. In fact, some did worse over time and collective improvements were largely absent. We suggest further research into the link between strategic objectives and a company’s relative position in industry.