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Captains of Industry? Value Chain Relations and Sustainability Reorientation of Firms

Sustainability Transitions and Industrial Transformation: Multi-Sector Dynamics and Policy Perspectives | 2026

Paper Details

Authors: Thune T.; Mäkitie T.

DOI: 10.1007/978-981-95-4893-4_9

Journal: Sustainability Transitions and Industrial Transformation: Multi-Sector Dynamics and Policy Perspectives

Year: 2026

Publisher: Springer Nature

Document Type: Book chapter

Open Access: All Open Access; Gold Open Access

Cited by: 0

Abstract

Attention to industry structures and value chain relations is a useful complement to the literature on incumbent firm behaviour in sustainability transitions. In this chapter, we are interested in understanding mimetic behaviour between lead and follower firms and explore whether positions and relationships in value chains may influence how and when firms engage in sustainability reorientation. We study this issue through a detailed case study of two large incumbent firms in the Norwegian oil and gas value chain. Through an event-based analysis covering developments over a 15-year period, we outline how the two firms over time developed sustainability strategies and initiatives. The chapter discusses how the relationship between the two firms have influenced sustainability reorientation in different ways and finally, discusses the value of looking at value chains and inter-firm relationships when investigating the role of firms and industries in sustainability transitions. © The Editor(s) (if applicable) and The Author(s) 2026.

Keywords

Sustainable development; Case-studies; Event-based; Gas value chains; Industry structures; Inter-firm relationships; Mimetics; Oil and gas; Sustainability strategies; Sustainability transition; Value chains; Chains