Abstract
This paper aims at analyzing sustainability risks in relation to the supply chain in the energy business and how finance can support increase in sustainability. This field has been evolving in the last several years and more emphasis focuses on the use of renewable power sources and the impact on the Earth. One of the most significant of such reasons is the idea of introducing sustainable finance into the energy sector, in which the prospects for the provision of the necessary financial resources for the development of element energy sources are provided. An empirical analysis of Ardova Plc is used to explain the possibility of sustainable finance in eradicating the traditional energy product like petrol motor spirit (PMS) and encourage the use of more sustainable product like liquefied petroleum gas (LPG). Globally, sustainable financing mechanisms have been utilized effectively in the transition; through this innovation, Ardova has shown how green bonds and sustainable loans can work to support the shift toward cleaner energy. The transition to liquid petroleum gas identifies a new angle towards the mitigation of carbon emissions as an alternative to PMS for where fossil energy is still predominant. Furthermore, the paper investigates how a strategy of lowering carbon emissions, regarding the energy industry at least, consists of the minimization of Scope 1, 2, and 3 emissions. Scope 1 emissions are those controlled by the organization or by third parties where the reporting organization has direct authority over the relevant emissions; Scope 2 emissions are those resulting from the use of electricity, heat or cool generated by the organization; Scope 3 emissions are all other emissions related to the entire value chain of the reporting organization. Energy companies should therefore, ensure that they implement disciplined measures that would enable them ensure that they minimize their total emissions with regards to all the three scopes to ensure that they play their part in the improvement of the overall global emissions.
Citations
IRE Journals:
Oritsemolebi Adebiyi , Simon Attah Lawrence , Mayowa Adeoti , Munashe Naphtali Mupa
"Sustainable Supply Chain in the Energy Industry with a Focus on Finance" Iconic Research And Engineering Journals Volume 8 Issue 7 2025 Page 357-364
IEEE:
Oritsemolebi Adebiyi , Simon Attah Lawrence , Mayowa Adeoti , Munashe Naphtali Mupa
"Sustainable Supply Chain in the Energy Industry with a Focus on Finance" Iconic Research And Engineering Journals, 8(7)
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