Without abandoning the search for efficiency and profitability, new organizational forms, such as cross-sector and multi-stakeholder alliances, social innovation and hybrid businesses, illustrate the route to closing the gap between organizational sustainability and sustainable development. Cross-sector alliances set a common good objective and build value through collaboration and cooperation networks. Social innovation seeks a common good based on the exploitation of collective intelligence, and hybrid businesses are determined by long-term sustainability, stakeholder management, and the creation of value from the principle of the common good rather than shared value.

Sustainable operations are a necessity. Organizations face increasing pressure from stakeholders, & regulators to demonstrate their commitment to environmental responsibility. •Enhance your brand reputation through sustainable initiatives. •Achieve your company’s net-zero carbon emissions goals. •Highlight your commitment to net-zero goals in marketing campaigns. •Comply with investor demands on ESG criteria. •Comply with emerging environmental regulations and standards. •Engage employees in sustainability initiatives and create a green company culture. •Enhance the growth & operational efficiency of business through sustainability. -Be regarded as a green company with strong environmental accountability.

💡Aligning on sustainability goals with global energy partners in the oil and gas sector can be challenging but essential. Start by establishing common objectives that resonate with all partners, focusing on shared sustainability ambitions. Open up transparent communication to discuss expectations and priorities, ensuring everyone is on the same page. Additionally, leverage data-driven insights to highlight the business case for sustainability, showcasing the long-term benefits. Consider hosting workshops or forums to foster collaboration and idea exchange, which can strengthen partnerships. How do you approach aligning sustainability goals with your energy partners?

*Economic Pressures**: The need for immediate profits can conflict with long-term sustainability investments, leading to hesitance in committing to ambitious goals. **Technological Disparities**: Not all companies have access to the same technologies or resources, which can create gaps in capabilities to meet sustainability targets. **Stakeholder Expectations**: Diverse stakeholders, including investors, governments, and communities, often have conflicting expectations regarding sustainability, complicating consensus-building. **Market Volatility**: Fluctuations in oil and gas prices can shift focus away from sustainability initiatives in favor of short-term survival strategies

The economic model for success in the energy giants should be extended to sustainability. Share risk and share rewards. The concept should be extended to cross business sectors and to engage new stakeholders. Of course the giants should not neglect their roots while developing new success avenues.