IDEAS home Printed from https://ideas.repec.org/a/wly/sustdv/v34y2026i2p2108-2125.html

Linking Sustainable Development Goals and Climate Action in the Oil and Gas Value Chain

Author

Listed:
  • Evgenia Anagnostopoulou

Abstract

This study develops and tests a value‐chain framework to examine how climate‐related Sustainable Development Goal (SDG) commitments translate into governance actions, capability enhancements, and measurable reductions in total greenhouse gas emissions. We create a climate‐related SDG index encompassing SDGs 7, 8, 9, 12, and 13 and analyze data from 302 publicly listed oil and gas firms spanning 2019–2024 using fixed‐effects models and cluster‐bootstrap mediation techniques. Increases in the index are associated with more robust emissions policies and strengthened environmental partnerships, as well as advancements in environmental innovation and operational management. Mediation analysis uncovers offsetting channels: while innovation is linked to a decrease in year‐over‐year emissions, short‐term operational activities are associated with slight increases, leading to modest net effects in the short term. A heterogeneity analysis reveals differences across the value chain and geographic regions concerning partnerships, policy, and emission reduction. Based on these insights, we offer practical guidance for companies and policymakers—linking governance and capabilities—so that SDG commitments can effectively translate into emissions reductions.

Suggested Citation

  • Evgenia Anagnostopoulou, 2026. "Linking Sustainable Development Goals and Climate Action in the Oil and Gas Value Chain," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(2), pages 2108-2125, April.
    • Handle: RePEc:wly:sustdv:v:34:y:2026:i:2:p:2108-2125
    DOI: 10.1002/sd.70407
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/sd.70407
    Download Restriction: no
    File URL: https://libkey.io/10.1002/sd.70407?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Mariola Grzebyk & Barbara Fura & Małgorzata Stec & Alina Szewc‐Rogalska, 2026. "Advancement of European Union Countries in Sustainable Development Goal 7," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(S2), pages 318-335, March.
    2. Idiano D'Adamo & Edouard Nicolas Rossi, 2025. "Impact of regional investment on the sustainable development goals: A group analysis of economic and territorial development," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(2), pages 1816-1834, April.
    3. Francesca Manes‐Rossi & Giuseppe Nicolo', 2022. "Exploring sustainable development goals reporting practices: From symbolic to substantive approaches—Evidence from the energy sector," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1799-1815, September.
    4. Juan Antonio Giménez Espín & Amelia Pérez Zabaleta, 2026. "Analysis of the Relationships Between Sustainable Development Goals, Sustainable Development and Organizational Results: An Empirical Study," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(1), pages 279-298, February.
    5. Marika Arena & Giovanni Azzone & Sara Ratti & Valeria Maria Urbano & Giovanni Vecchio, 2023. "Sustainable development goals and corporate reporting: An empirical investigation of the oil and gas industry," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(1), pages 12-25, February.
    6. Hong Ngoc Le & Minh Nhat Dang & Phuong Uyen Ho & Nguyen Hoang Nguyen Tran & Thi Ai Van Tran & Phuc Hung Nguyen & Minh Quy Trinh, 2026. "The More, the Merrier? Innovation‐Led Sustainable Development," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(1), pages 808-836, February.
    7. Abdullah S. Karaman & Nejla Ould Daoud Ellili & Ali Uyar, 2024. "Do sustainable supply chain practices mitigate carbon emissions? The role of supplier environmental, social and governance training," Business Strategy and the Environment, Wiley Blackwell, vol. 33(8), pages 8126-8148, December.
    8. Dejun Zhou & Abednego Osei & Andrew Osei Agyemang & Ishmael Wiredu, 2026. "Strategic ESG Disclosure as Sustainability Innovation: A Diffusion Perspective on Advancing Responsible Consumption and Production Toward SDG 12," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(1), pages 968-992, February.
    9. Anis Omri & Meshael Almoshaigeh, 2025. "Strengthening Sustainable Development Through Innovation‐Led and Financially Supported Entrepreneurship," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(6), pages 8737-8767, December.
    10. Iñaki Heras‐Saizarbitoria & Laida Urbieta & Olivier Boiral, 2022. "Organizations' engagement with sustainable development goals: From cherry‐picking to SDG‐washing?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(2), pages 316-328, March.
    11. Oksana Liashenko & M. Ángeles Caraballo & Sebastián Lozano, 2026. "Social Welfare Preferences and Sustainable Development Goals. A Multivariate Analysis Approach," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(S1), pages 65-90, January.
    12. Mahshid G. Zadegan & Sepehr Ghazinoory & Shohreh Nasri, 2025. "The Triple Helix Model of Innovation and Sustainable Development Goals: A Literature Review," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(S1), pages 1482-1497, November.
    13. Olayinka Adedayo Erin & Omololu Adex Bamigboye & Babajide Oyewo, 2022. "Sustainable development goals (SDG) reporting: an analysis of disclosure," Journal of Accounting in Emerging Economies, Emerald Group Publishing Limited, vol. 12(5), pages 761-789, January.
    14. Paolo Basilico & Alberto Biancardi & Idiano D'Adamo & Massimo Gastaldi, 2025. "Energy Communities Toward Sustainable Development: The Role of Economic Factors in a Social Analysis," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(4), pages 5587-5603, August.
    15. Addisu A. Lashitew, 2021. "Corporate uptake of the Sustainable Development Goals: Mere greenwashing or an advent of institutional change?," Journal of International Business Policy, Palgrave Macmillan, vol. 4(1), pages 184-200, March.
    16. Ana‐María Ríos & Nicola Raimo & Bernardino Benito & Filippo Vitolla & María‐Dolores Guillamón, 2026. "Governing for the Goals: How Governance Quality Shapes the Achievement of the Sustainable Development Goals," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(S2), pages 422-436, March.
    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. Tariq Elrazaz & Ahmed Shaker Samaan & Moataz Elmassri, 2024. "Sustainable development goals: Sustainability reporting challenges in the United Arab Emirates context," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(4), pages 3100-3114, August.
    2. Adwoa Appiah & Marie‐Claire Cordonier Segger & Amr ElAlfy & Michael Wood & Olaf Weber, 2026. "Corporate Involvement in the Sustainable Development Goals: The Case of Banks in Sub‐Saharan Africa," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(S2), pages 1102-1117, March.
    3. Herenia Gutiérrez‐Ponce, 2023. "Sustainability as a strategy base in Spanish firms: Sustainability reports and performance on the sustainable development goals," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(4), pages 3008-3023, August.
    4. Rodolfo Damiano & Chiara Di Maria, 2024. "Exploring the role of companies and sustainability disclosure in achieving sustainable development goals: A focus on zero hunger and social inclusion," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 2715-2732, July.
    5. Assunta Di Vaio & Elisa Van Engelenhoven & Anum Zaffar & Giuseppe Nicolò, 2026. "Accounting for Impact: How Shipping Partnerships Drive e‐SDG Accountability for Climate Change Measures," Business Strategy and the Environment, Wiley Blackwell, vol. 35(3), pages 3691-3710, March.
    6. Laida Urbieta, 2024. "Firms reporting of sustainable development goals (SDGs): An empirical study of best‐in‐class companies," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(5), pages 5005-5018, October.
    7. Ritika Mahajan & Satish Kumar & Weng Marc Lim & Monica Sareen, 2024. "The role of business and management in driving the sustainable development goals (SDGs): Current insights and future directions from a systematic review," Business Strategy and the Environment, Wiley Blackwell, vol. 33(5), pages 4493-4529, July.
    8. Roberta Costa & Luigi Tiburzi & Gustavo Morales‐Alonso & Armando Calabrese & Francesco Rosati, 2025. "SDG walking or washing? A cross‐sectoral analysis of business contribution to the SDGs," Business Strategy and the Environment, Wiley Blackwell, vol. 34(3), pages 3561-3576, March.
    9. Assunta Di Vaio & Elisa Van Engelenhoven & Meghna Chhabra & Antonio Garofalo, 2025. "Decarbonization of waste management practices and GHG accounting for energy transition: evidence from European electricity corporations’ reporting," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(7), pages 15825-15849, July.
    10. Graham Long & Jecel Censoro & Katharina Rietig, 2023. "The sustainable development goals: governing by goals, targets and indicators," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 23(2), pages 149-156, June.
    11. Dominika Hadro & Davide Calandra & Justyna Fijalkowska & Michele Oppioli & Silvana Secinaro, 2026. "Addressing Symbolic Versus Substantive Disclosures Under CSRD/ESRS E5 in the Circular Economy Disclosure of the Automotive Industry," Business Strategy and the Environment, Wiley Blackwell, vol. 35(3), pages 4360-4375, March.
    12. Bhavna Thawani & Meena Bhatia & Tushar Panigrahi & Sunita Mall, 2025. "Research trends on use of technology in sustainability reporting: a keyword-based bibliometric analysis," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 22(4), pages 910-940, December.
    13. Daniela Cicchini & Maria Luisa Cotana, 2025. "Assessing the Level of Sustainability Planning: Insights from the Automotive Sector," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2025(1), pages 185-209.
    14. Farhan Hussain & Zhifang Zhou & Hussain Abbas & Didier Robert Dusengemungu, 2025. "The Impact of Sustainability Disclosure on Firm Value in the Energy Sector of BRICS Economies: The Holistic Approach of GRI Guidelines," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(4), pages 4960-4975, August.
    15. Georgescu, Irina Alexandra & Oprea, Simona-Vasilica & Bâra, Adela, 2024. "Investigating the relationship between macroeconomic indicators, renewables and pollution across diverse regions in the globalization era," Applied Energy, Elsevier, vol. 363(C).
    16. Dung Thi Phuong Nguyen & Duyen Thi My Ly & Tinh Trong Nguyen & Trang Thi Thu Le & Trang Thu Nha Nguyen, 2025. "The impact of corporate social responsibility disclosure on global sustainable development goals disclosure companies," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 15(5), pages 118-133.
    17. Shah, Wasi Ul Hassan & Hao, Gang & Yan, Hong & Yasmeen, Rizwana & Xu, Xiaowei, 2024. "Natural resources utilization efficiency evaluation, determinant of productivity change, and production technology heterogeneity across developed and developing G20 economies," Technology in Society, Elsevier, vol. 77(C).
    18. Lexis Alexander Tetteh & Cletus Agyenim‐Boateng & Samuel Nana Yaw Simpson, 2024. "Institutional pressures and accountability processes in pursuit of sustainable development goals: Insights from Ghanaian indigenous oil companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(1), pages 89-107, January.
    19. Maiolini, Riccardo & Cappa, Francesco & Franco, Stefano & Quaratino, Giovanni Raimondo, 2024. "The impact of sustainable development goals in lending-based prosocial crowdfunding: A topic modeling analysis on the kiva platform," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    20. Mohammed Mehadi Masud Mazumder, 2025. "An empirical analysis of SDG disclosure (SDGD) and board gender diversity: insights from the banking sector in an emerging economy," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 22(1), pages 47-63, March.

    More about this item

    Statistics

    Access and download statistics

    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:wly:sustdv:v:34:y:2026:i:2:p:2108-2125. 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: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1719 .

    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.