IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v14y2021i22p7474-d675233.html
   My bibliography  Save this article

The Impact of Poland’s Energy Transition on the Strategies of Fossil Fuel Sector Companies—The Example of PKN Orlen Group

Author

Listed:
  • Joanna Wiśniewska

    (Institute of Management, University of Szczecin, 70-453 Szczecin, Poland)

  • Joanna Markiewicz

    (Institute of Management, University of Szczecin, 70-453 Szczecin, Poland)

Abstract

Sustainability and decarbonisation are buzzwords in today’s economy. The fossil fuel sector has had a great impact on development of many countries and it is interesting how this sector is going to survive in the era of climate neutrality imposed by the European and national decarbonisation policies. PKN Orlen is one of the largest industrial corporations in Poland and Central Europe representing the energy and fossil fuel sector. The article sets out to identify the main areas of PKN Orlen’s strategic plans resulting from the energy transition process in Poland. For this reason, the research question posed in this study is: to what extent and in what direction has Poland’s energy policy influenced the new strategy of PKN Orlen? Poland’s most recent energy policy was adopted in 2021, therefore an attempt to assess the impact of this policy on the strategy of a large player in the fossil fuel sector in such a short time horizon proves the originality of the study. The applied methodological approach, including case study, comparative analysis, and in-depth interview, was determined by the specific nature of the research problem and the fact that the analyzed sector and entity are strategic from the point of view of the country’s economy, which imposes the confidentiality of some data related to the study and determines the possibility of making them public. As shown by the research, PEP2040 had an indirect impact on shaping the strategy of PKN Orlen, while the main source of knowledge about the current and future trends is the analysis, evaluation and synthesis of various sources of information, including those from consulting companies.

Suggested Citation

  • Joanna Wiśniewska & Joanna Markiewicz, 2021. "The Impact of Poland’s Energy Transition on the Strategies of Fossil Fuel Sector Companies—The Example of PKN Orlen Group," Energies, MDPI, vol. 14(22), pages 1-17, November.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:22:p:7474-:d:675233
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/14/22/7474/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/14/22/7474/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Markus Milne & Rob Gray, 2013. "W(h)ither Ecology? The Triple Bottom Line, the Global Reporting Initiative, and Corporate Sustainability Reporting," Journal of Business Ethics, Springer, vol. 118(1), pages 13-29, November.
    2. Liu, Weifeng & McKibbin, Warwick J. & Morris, Adele C. & Wilcoxen, Peter J., 2020. "Global economic and environmental outcomes of the Paris Agreement," Energy Economics, Elsevier, vol. 90(C).
    3. Anita Breuer & Hannah Janetschek & Daniele Malerba, 2019. "Translating Sustainable Development Goal (SDG) Interdependencies into Policy Advice," Sustainability, MDPI, vol. 11(7), pages 1-20, April.
    4. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    5. Damian Hasterok & Rui Castro & Marcin Landrat & Krzysztof Pikoń & Markus Doepfert & Hugo Morais, 2021. "Polish Energy Transition 2040: Energy Mix Optimization Using Grey Wolf Optimizer," Energies, MDPI, vol. 14(2), pages 1-27, January.
    6. Malthus, Thomas Robert, 1798. "An Essay on the Principle of Population," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number malthus1798.
    7. Erling Holden & Kristin Linnerud & David Banister, 2017. "The Imperatives of Sustainable Development," Sustainable Development, John Wiley & Sons, Ltd., vol. 25(3), pages 213-226, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ślusarczyk, Beata & Chłąd, Mateusz & Michałek, Janusz & Dacko-Pikiewicz, Zdzisława & Androniceanu, Armenia, 2023. "Strategies for supplying enterprises with energy in the context of changing coal prices on the Polish market - The effect of the war in Ukraine," Resources Policy, Elsevier, vol. 85(PB).
    2. Tomasz Jałowiec & Dariusz Grala & Piotr Maśloch & Henryk Wojtaszek & Grzegorz Maśloch & Agnieszka Wójcik-Czerniawska, 2022. "Analysis of the Implementation of Functional Hydrogen Assumptions in Poland and Germany," Energies, MDPI, vol. 15(22), pages 1-25, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Millar, Neal & McLaughlin, Eoin & Börger, Tobias, 2019. "The Circular Economy: Swings and Roundabouts?," Ecological Economics, Elsevier, vol. 158(C), pages 11-19.
    2. Ozgur Isil & Michael T. Hernke, 2017. "The Triple Bottom Line: A Critical Review from a Transdisciplinary Perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 26(8), pages 1235-1251, December.
    3. Anselm Schneider, 2015. "Reflexivity in Sustainability Accounting and Management: Transcending the Economic Focus of Corporate Sustainability," Journal of Business Ethics, Springer, vol. 127(3), pages 525-536, March.
    4. Daniel Kiel & Julian M. Müller & Christian Arnold & Kai-Ingo Voigt, 2017. "Sustainable Industrial Value Creation: Benefits And Challenges Of Industry 4.0," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(08), pages 1-34, December.
    5. Mähönen Jukka, 2020. "Integrated Reporting and Sustainable Corporate Governance from European Perspective," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 10(2), pages 1-40, July.
    6. Francesco Rosati & Lourenço Galvão Diniz Faria, 2019. "Business contribution to the Sustainable Development Agenda: Organizational factors related to early adoption of SDG reporting," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 588-597, May.
    7. Kristin Linnerud & Erling Holden & Morten Simonsen, 2021. "Closing the sustainable development gap: A global study of goal interactions," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(4), pages 738-753, July.
    8. Judith Janker, 2020. "Moral conflicts, premises and the social dimension of agricultural sustainability," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 37(1), pages 97-111, March.
    9. Thomas A. Tsalis & Kyveli E. Malamateniou & Dimitrios Koulouriotis & Ioannis E. Nikolaou, 2020. "New challenges for corporate sustainability reporting: United Nations' 2030 Agenda for sustainable development and the sustainable development goals," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1617-1629, July.
    10. Rita Vasconcellos Oliveira, 2021. "Social Innovation for a Just Sustainable Development: Integrating the Wellbeing of Future People," Sustainability, MDPI, vol. 13(16), pages 1-12, August.
    11. Paul Mansell & Simon P. Philbin & Efrosyni Konstantinou, 2020. "Redefining the Use of Sustainable Development Goals at the Organisation and Project Levels—A Survey of Engineers," Administrative Sciences, MDPI, vol. 10(3), pages 1-39, August.
    12. Ana T. Ejarque & Vanessa Campos, 2020. "Assessing the Economy for the Common Good Measurement Theory Ability to Integrate the SDGs into MSMEs," Sustainability, MDPI, vol. 12(24), pages 1-17, December.
    13. Caroline Brennan & Owen Molloy, 2020. "A system dynamics approach to sustainability education," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(6), pages 875-879, November.
    14. Maria Giovanna Confetto & Maddalena Della Volpe & Claudia Covucci, 2018. "Dual marketers and sustainability communication. Empirical evidence from corporate websites," MERCATI & COMPETITIVIT?, FrancoAngeli Editore, vol. 2018(3), pages 41-68.
    15. Luis Miguel Fonseca & José Pedro Domingues & Alina Mihaela Dima, 2020. "Mapping the Sustainable Development Goals Relationships," Sustainability, MDPI, vol. 12(8), pages 1-15, April.
    16. Chisholm, Anthony H., 1992. "Australian Agriculture: A Sustainability Story," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 36(01), pages 1-29, April.
    17. Francesca Bartolacci & Andrea Caputo & Michela Soverchia, 2020. "Sustainability and financial performance of small and medium sized enterprises: A bibliometric and systematic literature review," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1297-1309, March.
    18. Sabrina Tabares & Andrés Morales & Sara Calvo & Valentín Molina Moreno, 2021. "Unpacking B Corps’ Impact on Sustainable Development: An Analysis from Structuration Theory," Sustainability, MDPI, vol. 13(23), pages 1-21, December.
    19. Diana-Maria Tînjalã & Alexandru Buglea, 2015. "Key Sustainability Metrics For Labour Practices – A Comparative Evolution Of Freedom Of Association And Of Non-Discrimination In Emerging/Frontier And Developed Markets," GUT FME Conference Publications, in: Katarzyna Stankiewicz (ed.),Contemporary Issues and Challenges in Human Resource Management, chapter 2, pages 18-31, Faculty of Management and Economics, Gdansk University of Technology.
    20. Thaís Vieira Nunhes & Merce Bernardo & Otávio José de Oliveira, 2020. "Rethinking the Way of Doing Business: A Reframe of Management Structures for Developing Corporate Sustainability," Sustainability, MDPI, vol. 12(3), pages 1-32, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:14:y:2021:i:22:p:7474-:d:675233. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.