Development of a sustainable corporate social responsibility index for performance evaluation of the energy industry: A hybrid decision-making methodology

dc.authoridDelen, Dursun/0000-0001-8857-5148
dc.authoridDincer, Hasan/0000-0002-8072-031X
dc.authoridYüksel, Serhat/0000-0002-9858-1266
dc.authoridYilmaz, Mustafa Kemal/0000-0001-6036-0559
dc.authoridHacioglu, Umit/0000-0002-0068-0048
dc.authorwosidDelen, Dursun/AGA-9892-2022
dc.authorwosidDincer, Hasan/GPX-1316-2022
dc.authorwosidYılmaz, Mustafa Kemal/ABF-2616-2021
dc.authorwosidYüksel, Serhat/W-1689-2017
dc.authorwosidYilmaz, Mustafa Kemal/S-9489-2017
dc.authorwosidHacioglu, Umit/O-4311-2015
dc.contributor.authorDincer, Hasan
dc.contributor.authorYuksel, Serhat
dc.contributor.authorHacioglu, Umit
dc.contributor.authorYilmaz, Mustafa K.
dc.contributor.authorDelen, Dursun
dc.date.accessioned2024-05-19T14:40:28Z
dc.date.available2024-05-19T14:40:28Z
dc.date.issued2023
dc.departmentİstinye Üniversitesien_US
dc.description.abstractThe ever-increasing pressure from stakeholders and policymakers on energy companies to achieve Sustainable Development Goals (SDGs) and Corporate Social Responsibility (CSR) mission requires them to reinvent their policies and practices. This study aims to examine the performance of alternative business models for the oil and gas industry by employing a hybrid business analytics methodology under a fuzzy environment resulting in a generalizable model named Sustainable Development Goals-oriented CSR Index. The proposed methodology employs a hybrid framework that utilizes bipolar Q-rung Orthopair Fuzzy (q-ROF), Multi Stepwise Weight Assessment Ratio Analysis (M-SWARA), and Elimination and Choice Translating Reality (ELECTRE) methods. The findings show that (i) the proposed model is reliable and consistent throughout the similar fuzzy set value ranges, (ii) clean energy is the most important SDG-oriented CSR Index factor for the sustainable energy industry in emerging economies, (iii) drilling is the best alternative energy sourcing for the oil and gas industry, and (iv) clean energy projects have the highest priority for energy investors. The results also highlight that global warming can be managed with effective energy practices for long-term sustainability. Finally, the findings suggest that energy companies should have the essential technological infrastructure and capable workforce to increase investment efficiency.en_US
dc.identifier.doi10.1016/j.resourpol.2023.103940
dc.identifier.issn0301-4207
dc.identifier.issn1873-7641
dc.identifier.scopus2-s2.0-85165233784en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org10.1016/j.resourpol.2023.103940
dc.identifier.urihttps://hdl.handle.net/20.500.12713/4966
dc.identifier.volume85en_US
dc.identifier.wosWOS:001047134700001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevier Sci Ltden_US
dc.relation.ispartofResources Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240519_kaen_US
dc.subjectCorporate Social Responsibility (Csr)en_US
dc.subjectEnergy Industryen_US
dc.subjectPerformance Evaluationen_US
dc.subjectSustainable Development Goalsen_US
dc.subjectQ-Rung Orthopair Fuzzy (Q-Rof)en_US
dc.titleDevelopment of a sustainable corporate social responsibility index for performance evaluation of the energy industry: A hybrid decision-making methodologyen_US
dc.typeArticleen_US

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