Affiliation:
1. BA School of Finance, Riga Stradiņš University, LV-1007 Riga, Latvia
2. BA School of Finance, RISEBA University of Applied Sciences, LV-1048 Riga, Latvia
Abstract
Sustainable supply chain management (SSCM) has become a hot topic on which eminent researchers are working on a daily basis. A lack of clarity in the fundamental differences between SSCM and green supply chain management (GSCM) is being observed in this field of research. However, it is regrettable to note that there is a huge deficit of research in the oil and gas (OG) industry, mainly in developing countries (DCs), where this sector of activity is the most lucrative and polluting. The purpose of this research is to present the practices of SSCM in the framework of the quadruple helix approach in the oil and gas industry in specific geographical areas of developing countries by conducting a systematic literature review (SLR) of papers published from 2012 to 2024 focused on both the OG industry and DCs. As part of this study’s findings, the authors highlight the distinction between SSCM and GSCM by building a conceptual framework that applies the triple bottom line of SSCM to the OG industry and demonstrates that GSCM, which is more related to environmental issues, is a part of SSCM. Therefore, in order to be more efficient and to have a great impact on their performances, OG companies in DCs should apply SSCM practices, which are close to circular business rather than GSCM practices, especially because their implementation can be influenced by certain barriers and pressures that involve the use of the QHC.
Funder
Latvian Council of Science