A conceptual procurement model for sustainability and climate change mitigation in the oil, gas, and energy sectors
1 Schlumberger (SLB), Port Harcourt, Nigeria and Mexico.
2 Ulster University, United Kingdom.
3 Independent Researcher, Nigeria.
4 Independent Researcher; USA.
5 Independent Researcher, Houston Texas, USA.
Review Article
World Journal of Advanced Research and Reviews, 2023, 20(03), 1935–1952
Publication history:
Received on 20 November 2023; revised on 27 December 2023; accepted on 29 December 2023
Abstract:
This paper proposes a comprehensive conceptual procurement model to enhance sustainability and mitigate climate change impacts within the oil, gas, and energy sectors. The model integrates principles of green procurement, lifecycle analysis, and circular economy to ensure environmentally responsible sourcing and resource utilization. By addressing the significant environmental footprint of these industries, the model aims to provide a structured framework that organizations can adopt to minimize their carbon footprint, promote sustainable practices, and contribute to global climate change goals. Key components include sustainable procurement processes, environmental impact assessment frameworks, supplier sustainability criteria, and resource optimization strategies. Case studies demonstrate the model's applicability in the oil sector and renewable energy projects, highlighting challenges, outcomes, and innovative approaches. The paper concludes with recommendations for future research to refine and validate the model, ensuring its effectiveness and scalability across diverse organizational contexts.
Keywords:
Sustainable procurement; Climate change mitigation; Oil and gas industry; Energy sector; Conceptual model; Lifecycle analysis; Circular economy; Environmental impact assessment
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Copyright © 2023 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0