State-Owned Multinationals and Drivers of Sustainability Practices: An Exploratory Study of National Oil Companies

Abstract

While much of the debate and discourse on sustainability and environmentally friendly practices have focused on privately owned and operated organizations, enterprises owned by the state have escaped scrutiny. This study focuses specifically on the oil and gas sector to explore the drivers that propel state-owned oil and gas producers, the national oil companies, to embrace sustainability practices. We find that the proportion of independent directors, international exposure, and international involvement influence sustainability practices.

Citation

Inkpen, A. and Ramaswamy, K. (2018), "State-Owned Multinationals and Drivers of Sustainability Practices: An Exploratory Study of National Oil Companies", Sustainability, Stakeholder Governance, and Corporate Social Responsibility (Advances in Strategic Management, Vol. 38), Emerald Publishing Limited, Leeds, pp. 95-117. https://doi.org/10.1108/S0742-332220180000038008