A New Key to a Sustainable Future: Promoting Sustainability Performance Through Digital Technologies, ESG Activities, and Circular Economy in Jordanian Energy Companies

Abstract

The purpose of the study was to ascertain how environmental, social, and governance (ESG) practices and digital technologies (DTs) affected the sustainability performance of Jordanian energy corporations, in addition to researching the circular economy's mediating effects. A mixed-stage partial least squares structural equation model (PLS-SEM) was used to examine the hypotheses' outcomes in order to accomplish the study's goal. 278 Jordanian energy businesses received surveys via the Internet. The outcomes demonstrated how DTs and ESG initiatives directly benefit the circular economy. The performance of sustainability has improved as a result of the circular economy. Furthermore, the findings demonstrate that the circular economy effectively intermediates DTs, ESG principles, and sustainability. The study makes an original contribution by employing the circular economy as a successful medium to support sustainability performance. This research provides valuable insights to policymakers, regulators and government on the degree to which Jordanian energy companies adhere to circular economy principles and how this relates to sustainability performance.