From oil to green energy

: Galp’s journey in embracing the sustainable development goals

Abstract

In the age of information, for-profit companies are experiencing increasing scrutiny from stakeholders for higher social and environmental accountability. Companies have felt the need to extend their strategy and business operations to include social and environmental responsibilities. This study aims to determine how a for-profit can be aligned with the Sustainable Development Goals (SDGs) while it changes its business model to a sustainable business model. The company chosen for this study is Galp, a Portuguese integrated energy company from the oil and gas industry, a major industry that contributes to carbon emissions through its business activities. This ensures that the company chosen is robust for this analysis. The study follows the process of designing and planning the SDG implementation on the company, with the accompanied four phases since this allows the implementation to show more noticeable results. At the same time, it determines if the company has a sustainable business model through a framework from the literature that analyses the social and environmental benefits of the business and the company’s business environment. This analysis could assist managers who intend to implement such a process in their organizations since it contains a detailed implementation process that applies to all companies. This will direct the organization towards a more complete core logic while addressing stakeholders' demands for social and environmental responsibilities by implementing new strategies and business activities in a way that isn’t considered greenwashing since it’s based on a real-life example of a company that has gone through a similar process.

Date of Award	26 Jan 2024
Original language	English
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Marta Bicho (Supervisor)