{"title":"Understanding the role of oil and gas companies in the current sustainability trends: an application of the sustainable business model archetypes","authors":"Jaime Menéndez-Sánchez, Jorge Fernández-Gómez, Andrés Araujo-de-la-Mata","doi":"10.1093/cjres/rsae042","DOIUrl":null,"url":null,"abstract":"Oil and gas (O&G) companies face a complex process of adaptation to the new sustainability context. How their business models can successfully respond to sustainability requirements remains unclear. We studied the decarbonisation activities of relevant O&G companies and applied the sustainable business model archetypes (SBMAs) taxonomy to shed light on this transformation. Based on this, we focussed on one O&G firm with large socio-economic importance in northern Spain, gathering information via semi-structured interviews. Our analysis shows that O&G companies are developing innovative technologies aligned with the SBMAs. Multi-stakeholder collaboration and a regional focus on industrial clusters appear to be key elements of the sustainability strategies of O&G companies.","PeriodicalId":47897,"journal":{"name":"Cambridge Journal of Regions Economy and Society","volume":"70 1","pages":""},"PeriodicalIF":5.6000,"publicationDate":"2024-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Cambridge Journal of Regions Economy and Society","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1093/cjres/rsae042","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"DEVELOPMENT STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
Oil and gas (O&G) companies face a complex process of adaptation to the new sustainability context. How their business models can successfully respond to sustainability requirements remains unclear. We studied the decarbonisation activities of relevant O&G companies and applied the sustainable business model archetypes (SBMAs) taxonomy to shed light on this transformation. Based on this, we focussed on one O&G firm with large socio-economic importance in northern Spain, gathering information via semi-structured interviews. Our analysis shows that O&G companies are developing innovative technologies aligned with the SBMAs. Multi-stakeholder collaboration and a regional focus on industrial clusters appear to be key elements of the sustainability strategies of O&G companies.
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