Sustainability Indexing and Benchmarking Framework for Oil and Gas Companies in Qatar: Review, Analysis, And Future Perspectives

Abstract

The oil and gas sector has a major impact on sustainability dimensions characterized by environmental, economic, and social aspects. Because of this multidimensionality of sustainability objectives and the complexity involved in the industry practices, multi-criteria decision analysis techniques have become gradually more popular in decision making for sustainable businesses. The aim of this thesis is to develop a dedicated systematic and comprehensive framework for sustainability assessment of the oil and gas industry in Qatar, which covers the three pillars of sustainability. Five leading companies from the oil and gas sector in Qatar are selected to be the focus of this study. Procedures of selecting and quantifying the significant indicators, converting them into dimensionless values for rational benchmarking, weighting them according to their importance, and ranking the alternatives according to the aggregated scores are presented. Monte Carlo simulation and sensitivity analysis are conducted to investigate the effect of uncertainty and to ensure reliability as well as the robustness of aggregated scores.