Developing Weighted Triple-Bottom Line Indicators for Pakistani Steel Sustainability: A Delphi Consensus Study

Abstract

This research proposes a set of weighted Triple Bottom Line (TBL) indicators that are adapted to the specific issues faced by the Pakistani steel sector. This study tackles the crucial gap in complete sustainability evaluation that exists within the Pakistani steel industry. There is a lack of a standardized framework within the sector for analyzing its environmental, social, and economic policies, even though there are efforts being made to promote sustainability. The Delphi approach is used in this study, which involves the participation of specialists from a wide range of fields to generate a comprehensive set of indicators. The Delphi technique, which is well-known for its capacity to deal with difficult problems, works to ease the formation of agreement among various stakeholders. The research highlights significant indicators, such as the amount of electricity used and the working conditions, so drawing attention to areas that may be improved and providing direction for decision-making. The study throws light on top priority indicators and aspect categories by means of expert consensus and analysis. It also provides significant insights for the purpose of improving sustainable practices in the Pakistani steel sector. This allencompassing approach helps to develop informed decision-making among stakeholders and policymakers, and it adds to a more thorough knowledge of the performance of sustainability.