Achieving Sustainable Performance Through Green Supply Chain Management: Does Risk Management Matter? A Moderation Analysis in the Oil & Gas Sector in Indonesia

This study aims to investigate the impact of strategic drivers, specifically IT & Business Strategy Alignment (IT-BSA), Transglobal Leadership (TL), and Product Innovation (PI), on the adoption of Green Supply Chain Management (GSCM) and its subsequent effect on Sustainable Performance (SP). A key objective is to examine the moderating role of Risk Management (RM) in the relationship between these drivers and GSCM. This research employs a quantitative methodology, utilizing survey data collected from 216 middle and top Indonesian oil and gas managers. The hypothesized relationships were tested using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings reveal that IT-BSA, TL, and PI are significant positive GSCM antecedents. Furthermore, GSCM has a strong, positive impact on SP. The results confirm that RM significantly and positively moderates the influence of all three strategic drivers on GSCM adoption. These findings provide a clear managerial roadmap, highlighting that an active risk management framework is critical for translating internal capabilities into effective sustainability practices, thereby enhancing a firm’s competitive advantage and long-term performance.