IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i23p16249-d1286562.html
   My bibliography  Save this article

Assessing Corporate Vendor Selection in the Oil and Gas Industry: A Review of Green Strategies and Carbon Reduction Options

Author

Listed:
  • Yumihito Otsubo

    (Graduate School of Economics, Kyushu University, 744 Motooka, Nishi-ku, Fukuoka 819-0395, Japan)

  • Andrew J. Chapman

    (Graduate School of Economics, Kyushu University, 744 Motooka, Nishi-ku, Fukuoka 819-0395, Japan
    International Institute for Carbon-Neutral Energy Research (I2CNER), Kyushu University, 744 Motooka, Nishi-ku, Fukuoka 819-0395, Japan)

Abstract

This paper addresses the global imperative of tackling environmental challenges, particularly in the context of the carbon-intensive oil and gas (O&G) industry, which is one of the heaviest carbon-emitting industries. Competitive advantages in this industry often stem from external connections rather than internal capabilities. How companies assess their business partners, including electric vendors, from an environmental standpoint, using a combination of quantitative and qualitative approaches, was explored using a systematic literature review approach. This literature review delves into the realm of green supply chain management, covering topics, such as carbon cap and trade, carbon offsets, renewable energy, regulations, finance, and vendor selection. Key findings from this review highlighted the limited number and lack of depth of studies regarding the presence and impact of electrical vendors, who play a crucial role in the oil and gas sector. Furthermore, our review identified a general lack of research on green supply chain management metrics, particularly in the context of the oil and gas industry and the roles and technical contributions of electric vendors.

Suggested Citation

  • Yumihito Otsubo & Andrew J. Chapman, 2023. "Assessing Corporate Vendor Selection in the Oil and Gas Industry: A Review of Green Strategies and Carbon Reduction Options," Sustainability, MDPI, vol. 15(23), pages 1-18, November.
  • Handle: RePEc:gam:jsusta:v:15:y:2023:i:23:p:16249-:d:1286562
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/23/16249/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/15/23/16249/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Abay Mulatu, 2018. "Environmental regulation and international competitiveness: a critical review," International Journal of Global Environmental Issues, Inderscience Enterprises Ltd, vol. 17(1), pages 41-63.
    2. Misani, Nicola & Pogutz, Stefano, 2015. "Unraveling the effects of environmental outcomes and processes on financial performance: A non-linear approach," Ecological Economics, Elsevier, vol. 109(C), pages 150-160.
    3. Long, Xingle & Naminse, Eric Yaw & Du, Jianguo & Zhuang, Jincai, 2015. "Nonrenewable energy, renewable energy, carbon dioxide emissions and economic growth in China from 1952 to 2012," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 680-688.
    4. Zhang, Bin & Xu, Liang, 2013. "Multi-item production planning with carbon cap and trade mechanism," International Journal of Production Economics, Elsevier, vol. 144(1), pages 118-127.
    5. Manikas, Andrew S. & Kroes, James R., 2015. "A newsvendor approach to compliance and production under cap and trade emissions regulation," International Journal of Production Economics, Elsevier, vol. 159(C), pages 274-284.
    6. Curcio, Eduardo & Amorim, Pedro & Zhang, Qi & Almada-Lobo, Bernardo, 2018. "Adaptation and approximate strategies for solving the lot-sizing and scheduling problem under multistage demand uncertainty," International Journal of Production Economics, Elsevier, vol. 202(C), pages 81-96.
    7. Griffin, Paul A. & Lont, David, H. & Pomare, Carol, 2021. "The curious case of Canadian corporate emissions valuation," The British Accounting Review, Elsevier, vol. 53(1).
    8. Luo, Zheng & Chen, Xu & Wang, Xiaojun, 2016. "The role of co-opetition in low carbon manufacturing," European Journal of Operational Research, Elsevier, vol. 253(2), pages 392-403.
    9. Ashley Ding & Dan Daugaard & Martina K. Linnenluecke, 2020. "The future trajectory for environmental finance: planetary boundaries and environmental, social and governance analysis," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(1), pages 3-14, March.
    10. Esteban, Miguel & Portugal-Pereira, Joana & Mclellan, Benjamin C. & Bricker, Jeremy & Farzaneh, Hooman & Djalilova, Nigora & Ishihara, Keiichi N. & Takagi, Hiroshi & Roeber, Volker, 2018. "100% renewable energy system in Japan: Smoothening and ancillary services," Applied Energy, Elsevier, vol. 224(C), pages 698-707.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Konur, Dinçer & Campbell, James F. & Monfared, Sepideh A., 2017. "Economic and environmental considerations in a stochastic inventory control model with order splitting under different delivery schedules among suppliers," Omega, Elsevier, vol. 71(C), pages 46-65.
    2. Yanfen Mu & Feng Niu, 2022. "To Be or Not to Be? Strategic Analysis of Carbon Tax Guiding Manufacturers to Choose Low-Carbon Technology," Sustainability, MDPI, vol. 14(22), pages 1-16, November.
    3. Faqi Xie & Yushuang Deng & Huiru Chen, 2023. "Pricing and Quantity Decisions under Asymmetric Carbon Emission Reduction Information and Cap-and-Trade Mechanism," IJERPH, MDPI, vol. 20(3), pages 1-27, January.
    4. Jung, Jihyeok & Moon, Saedaseul & Yeo, Sangmin & Lee, Deok-Joo, 2023. "How would the carbon market affect the choice of input factors for production? A duopolistic model," Energy, Elsevier, vol. 282(C).
    5. Song, Shuang & Govindan, Kannan & Xu, Lei & Du, Peng & Qiao, Xiaojiao, 2017. "Capacity and production planning with carbon emission constraints," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 97(C), pages 132-150.
    6. Yang, Lei & Hu, Yijuan & Huang, Lijuan, 2020. "Collecting mode selection in a remanufacturing supply chain under cap-and-trade regulation," European Journal of Operational Research, Elsevier, vol. 287(2), pages 480-496.
    7. Ji, Jingna & Zhang, Zhiyong & Yang, Lei, 2017. "Comparisons of initial carbon allowance allocation rules in an O2O retail supply chain with the cap-and-trade regulation," International Journal of Production Economics, Elsevier, vol. 187(C), pages 68-84.
    8. Bai, Qingguo & Xu, Jianteng & Gong, Yeming & Chauhan, Satyaveer S., 2022. "Robust decisions for regulated sustainable manufacturing with partial demand information: Mandatory emission capacity versus emission tax," European Journal of Operational Research, Elsevier, vol. 298(3), pages 874-893.
    9. Jiaping Xie & Jing Li & Ling Liang & Xu Fang & Guang Yang & Lihong Wei, 2020. "Contracting Emissions Reduction Supply Chain Based on Market Low-Carbon Preference and Carbon Intensity Constraint," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 37(02), pages 1-34, March.
    10. Xu, Song & Govindan, Kannan & Wang, Wanru & Yang, Wenting, 2024. "Supply chain management under cap-and-trade regulation: A literature review and research opportunities," International Journal of Production Economics, Elsevier, vol. 271(C).
    11. Cao, Kaiying & Guo, Qiang & Xu, Yuqiu, 2023. "Information sharing and carbon reduction strategies with extreme weather in the platform economy," International Journal of Production Economics, Elsevier, vol. 255(C).
    12. Lin, Xiaogang & Chen, Danna & Zhou, Yong-Wu & Lin, Qiang, 2022. "Horizontal mergers in low carbon manufacturing," European Journal of Operational Research, Elsevier, vol. 297(1), pages 359-368.
    13. Hong, Zhaofu & Chu, Chengbin & Zhang, Linda L. & Yu, Yugang, 2017. "Optimizing an emission trading scheme for local governments: A Stackelberg game model and hybrid algorithm," International Journal of Production Economics, Elsevier, vol. 193(C), pages 172-182.
    14. Chai, Qiangfei & Xiao, Zhongdong & Lai, Kee-hung & Zhou, Guanghui, 2018. "Can carbon cap and trade mechanism be beneficial for remanufacturing?," International Journal of Production Economics, Elsevier, vol. 203(C), pages 311-321.
    15. Zapata, Sebastian & Castaneda, Monica & Aristizabal, Andres J. & Dyner, Isaac, 2022. "Renewables for supporting supply adequacy in Colombia," Energy, Elsevier, vol. 239(PC).
    16. Omaima A.G. Hassan & Peter Romilly, 2018. "Relations between corporate economic performance, environmental disclosure and greenhouse gas emissions: New insights," Business Strategy and the Environment, Wiley Blackwell, vol. 27(7), pages 893-909, November.
    17. Linghong Zhang & Bowen Xue & Xiyu Liu, 2018. "Carbon Emission Reduction with Regard to Retailer’s Fairness Concern and Subsidies," Sustainability, MDPI, vol. 10(4), pages 1-28, April.
    18. Dong, Ciwei & Liu, Qingyu & Shen, Bin, 2019. "To be or not to be green? Strategic investment for green product development in a supply chain," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 131(C), pages 193-227.
    19. Stefan Lewandowski, 2017. "Corporate Carbon and Financial Performance: The Role of Emission Reductions," Business Strategy and the Environment, Wiley Blackwell, vol. 26(8), pages 1196-1211, December.
    20. Mukunda Choudhury & Sujit Kumar De & Gour Chandra Mahata, 2023. "A pollution-sensitive multistage production-inventory model for deteriorating items considering expiration date under Stackelberg game approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(10), pages 11847-11884, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:23:p:16249-:d:1286562. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.