Conceptualizing Corporate Sustainability Reporting and Risk Management Towards Green Growth in the Malaysian Oil and Gas Industry

Recently, there have been many reports of catastrophic accidents in the oil and gas (O&G) industry which led to huge financial losses and hazards to humans and the environment. Apart from the primary operational (technical) risks, there exist numerous non-technical risk factors such as workforce...

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Autores principales:	Lai Fong-Woon, Shad Muhammad Kashif, Shah Syed Quaid Ali
Formato:	article
Lenguaje:	EN FR
Publicado:	EDP Sciences 2021
Materias:	sustainability reporting risk management green growth oil and gas conceptual framework Social Sciences H
Acceso en línea:	https://doaj.org/article/c30684aecbc1463fbddb58499d24c0e5
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spelling	oai:doaj.org-article:c30684aecbc1463fbddb58499d24c0e52021-12-02T17:15:22ZConceptualizing Corporate Sustainability Reporting and Risk Management Towards Green Growth in the Malaysian Oil and Gas Industry2261-242410.1051/shsconf/202112404001https://doaj.org/article/c30684aecbc1463fbddb58499d24c0e52021-01-01T00:00:00Zhttps://www.shs-conferences.org/articles/shsconf/pdf/2021/35/shsconf_icmesh2020_04001.pdfhttps://doaj.org/toc/2261-2424Recently, there have been many reports of catastrophic accidents in the oil and gas (O&G) industry which led to huge financial losses and hazards to humans and the environment. Apart from the primary operational (technical) risks, there exist numerous non-technical risk factors such as workforce protection, climate change, ecosystem, biodiversity, health and safety, governing compliance, and other environmental, and social issues. These risks if left without intervention could affect the green growth and eco-friendly resilience of the O&G companies. Thus, this work offers a conceptual framework on how corporate sustainability practices along with risk management implementation are stimulating green growth in the O&G industry. The presented theoretical and conceptual framework underpinned by the stakeholder theory proposed in this paper provides a foundation for empirical validation of the intertwined relationship between the pertinent variables. The measurement of the variables such as corporate sustainability performance, enterprise risk management and green growth is proposed to be drawn from earlier research and developed frameworks and guidelines by prominent organizations. The significance of this paper is to lend guidance to Malaysian oil and gas players to embrace green growth through sustainability and risk management implementation.Lai Fong-WoonShad Muhammad KashifShah Syed Quaid AliEDP Sciencesarticlesustainability reportingrisk managementgreen growthoil and gasconceptual frameworkSocial SciencesHENFRSHS Web of Conferences, Vol 124, p 04001 (2021)
institution	DOAJ
collection	DOAJ
language	EN FR
topic	sustainability reporting risk management green growth oil and gas conceptual framework Social Sciences H
spellingShingle	sustainability reporting risk management green growth oil and gas conceptual framework Social Sciences H Lai Fong-Woon Shad Muhammad Kashif Shah Syed Quaid Ali Conceptualizing Corporate Sustainability Reporting and Risk Management Towards Green Growth in the Malaysian Oil and Gas Industry
description	Recently, there have been many reports of catastrophic accidents in the oil and gas (O&G) industry which led to huge financial losses and hazards to humans and the environment. Apart from the primary operational (technical) risks, there exist numerous non-technical risk factors such as workforce protection, climate change, ecosystem, biodiversity, health and safety, governing compliance, and other environmental, and social issues. These risks if left without intervention could affect the green growth and eco-friendly resilience of the O&G companies. Thus, this work offers a conceptual framework on how corporate sustainability practices along with risk management implementation are stimulating green growth in the O&G industry. The presented theoretical and conceptual framework underpinned by the stakeholder theory proposed in this paper provides a foundation for empirical validation of the intertwined relationship between the pertinent variables. The measurement of the variables such as corporate sustainability performance, enterprise risk management and green growth is proposed to be drawn from earlier research and developed frameworks and guidelines by prominent organizations. The significance of this paper is to lend guidance to Malaysian oil and gas players to embrace green growth through sustainability and risk management implementation.
format	article
author	Lai Fong-Woon Shad Muhammad Kashif Shah Syed Quaid Ali
author_facet	Lai Fong-Woon Shad Muhammad Kashif Shah Syed Quaid Ali
author_sort	Lai Fong-Woon
title	Conceptualizing Corporate Sustainability Reporting and Risk Management Towards Green Growth in the Malaysian Oil and Gas Industry
title_short	Conceptualizing Corporate Sustainability Reporting and Risk Management Towards Green Growth in the Malaysian Oil and Gas Industry
title_full	Conceptualizing Corporate Sustainability Reporting and Risk Management Towards Green Growth in the Malaysian Oil and Gas Industry
title_fullStr	Conceptualizing Corporate Sustainability Reporting and Risk Management Towards Green Growth in the Malaysian Oil and Gas Industry
title_full_unstemmed	Conceptualizing Corporate Sustainability Reporting and Risk Management Towards Green Growth in the Malaysian Oil and Gas Industry
title_sort	conceptualizing corporate sustainability reporting and risk management towards green growth in the malaysian oil and gas industry
publisher	EDP Sciences
publishDate	2021
url	https://doaj.org/article/c30684aecbc1463fbddb58499d24c0e5
work_keys_str_mv	AT laifongwoon conceptualizingcorporatesustainabilityreportingandriskmanagementtowardsgreengrowthinthemalaysianoilandgasindustry AT shadmuhammadkashif conceptualizingcorporatesustainabilityreportingandriskmanagementtowardsgreengrowthinthemalaysianoilandgasindustry AT shahsyedquaidali conceptualizingcorporatesustainabilityreportingandriskmanagementtowardsgreengrowthinthemalaysianoilandgasindustry
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Conceptualizing Corporate Sustainability Reporting and Risk Management Towards Green Growth in the Malaysian Oil and Gas Industry

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