Exploring the Triple Bottom Line: A Systematic Review OF Sustainable Development in the Epc Oil and Gas Industry

Abstract

In the oil and gas industry's EPC sector, the Triple Bottom Line (TBL) was created as an extensive framework for the assessment of sustainable development. The application or impact associated with the TBL approach, which emphasizes the balance between the financial, environmental, and social factors that are associated with the management of initiatives and activities, are the focus of this systematic review. The study examines the integration of TBL concepts by EPC businesses with in the energy industry in order that promote long-term viability, reduce environmental footprints, and support community welfare while maintaining profitability. Through an extensive literature analysis, the research identifies best practices, challenges, and strategic measures adopted by EPC firms to align with global sustainability standards and regulatory requirements. Key findings underscore the importance of increased stakeholder engagement, better resource management, and innovative technology in driving long-term project outcomes. The review also emphasizes the significance of performance metrics and reporting mechanisms to ensure transparency and accountability in TBL implementation. The study concludes that while the adoption of TBL practices has shown promising results, significant gaps remain in harmonizing sustainability efforts across different operational phases of EPC projects. Recommendations for future research include developing standardized sustainability frameworks and expanding empirical studies to assess long-term impacts. It will be useful for government officials, business executives, and researchers those want to promote accountability processes in the energy sector.