Institutional pressures and circular economy performance: The role of environmental management system and organizational flexibility in oil and gas sector

Abstract

The pressures to make business operations sustainable have been pushing organizations to adopt circular economy (CE) principles. With depleting fossil resources, the oil and gas (O&G) sector is pushed towards recycling limited resources available with it by leveraging CE principles. However, not many studies have been taken up how institutional pressures influence CE-targeted environmental and economic performances. Drawing on institutional theory, this study examines the moderated-mediation role of organization flexibility on the effects of institutional pressures on CE performance through environmental management systems (EMSs). Data are collected from 280 firms in Indian O&G sector using questionnaire-based survey method. The study reveals that organizations leverage EMS to achieve CE performance, and flexible organizations compared with rigid ones are more effective in dealing with coercive pressures by leveraging EMS. These insights may help policymakers to formulate regulatory framework judiciously that encourages firms to adopt EMS in making their operations environmentally sustainable.

The transition from linear economy to circular economy for sustainability among SMEs: A study on prospects, impediments, and prerequisites

“…(Moktadir et al, 2020). In general, also, there is less research (Goyal et al, 2018; Jain, Panda, & Choudhary, 2020; Kapoor et al, 2020; Mutz, 2015) on CE in the Indian context. There have been numerous publications in the last decade on CE. But there is less research that highlights how to implement CE while transiting towards CE by guiding with prerequisites to firms (Cramer, 2020).…”

Social media as stakeholder engagement tool: CSR communication failure in the oil and gas sector

“…The primary evidence collected is related to the practices adopted by extractive firms to engage with their stakeholders. In detail, the literature agreed about the existence of CSR activities used by extractive firms in order to achieve a social license to operate (SLO) from stakeholders (Farrukh et al, 2020; Jain et al, 2020). According to Barnett (2007), “CSR is a freely allocated company resource to improve social well‐being in order to strengthen relationships with key stakeholders.” CSR should consider both the costs and benefits of resource exploitation and how these are allocated among different stakeholders (Edoho, 2008).…”

A Conceptual Research on the Contribution of Integrated Management Systems to the Circular Economy

“…Due to the standard's inclusiveness, the authors question its suitability for promoting "real change" and conclude-in regard to the context of buildings-that the standard fails to deal with the complexity and does not offer effective approaches for the reduction of waste and environmental impact. [98] investigate the effect of external institutional pressures and internal motivation on CE performance. Thereby, the authors explore the mediating role of environmental MSs and state that they can be used as business tool to effectively deal with coercive as well as mimetic institutional pressures.…”