Corporate sustainability performance assessment: an analytical hierarchy process approach

Abstract

The objective of this study is to develop a model to measure the corporate sustainability performance of the oil and gas industry using an analytical hierarchy process. A top-down approach was used for selecting sustainability indicators based on three dimensions: social, environmental and economic. The model was applied to the case company to assess sustainability performance and for validation purposes. The assessment discloses a little improvement in corporate sustainability performance of the company. Therefore, the model may help analyse corporate sustainability performance in view of a competitive advantage in the long run. This model will also help stakeholders assess the sustainability performances of particular companies and their relative performances with competitors. This model may help develop a set of standards for a particular sector so companies may improve their sustainability performance.