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Developing a Business Model for an Oil Company by Integrating Sustainable Development Goals

In: Regulation of Finance and Accounting

Author

Listed:
  • Zhanna Chistopolova

    (Kazan Federal University)

  • Roza Kaspina

    (Kazan Federal University)

Abstract

Today, no one has any questions about the importance of sustainable development of the world including business. There are still issues related to effective management of sustainable business development. Integrated reporting is becoming a trend of best practices. It can help to attract additional investment and manage the business better. The chapter considers the issues of managing the sustainable development of an oil company on the basis of integrated reporting, specifically the development of a business model integrated with the Sustainable Development Goals (SDGs) and Key performance indicators (KPIs), to assess the achievement of these goals. KPIs are offered to companies for each of the 17 goals and it is recommended to monitor KPIs in order to be able to take stock of progress and compare their results with those of other companies in the same industry. For analysis, 13 member companies of the Oil and Gas Climate Initiative (OGCI) were taken. A qualitative analysis of their activities in alternative energy was carried out and their activities in combating climate change were evaluated.

Suggested Citation

  • Zhanna Chistopolova & Roza Kaspina, 2022. "Developing a Business Model for an Oil Company by Integrating Sustainable Development Goals," Springer Proceedings in Business and Economics, in: David Procházka (ed.), Regulation of Finance and Accounting, chapter 0, pages 449-460, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-99873-8_35
    DOI: 10.1007/978-3-030-99873-8_35
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