Abstract:
Organizational strategic programs are continuously evolving and gaining the attention
of policy makers in order to construct organizations’ ecological and socioeconomic systems. The
purpose of this study is to examine the relationship between the balanced scorecard (BSC) and
sustainable development involving the mediated effect of political and regulatory influence. To
achieve the core objectives of the research, the quantitative (positivism) research method is applied.
The goal of the current research is made possible through the quantitative method because of its
objective nature of reality. A total of 320 questionnaires were distributed among the different levels
of managers; 280 respondents returned the questionnaire. The data are analyzed through a modern
statistical tool called Smart-PLS, Partial Least Squares (PLS) is high graphical user interference
software that is used to calculate Structural Equation Modeling (SEM) through PLS path modeling.
Factor analysis is conducted to eliminate the variables that have no contribution and to reduce the
variables to obtain better results in regression. The implications are for energy organizations that
are struggling to deal with sustainable development and these tools can help them to achieve their
sustainability goals. The study concludes that the adoption of BSC is essential to ensure sustainable
development regardless of its challenges. Moreover, consideration of meta-constitutional rules as
political influence is important to understand and address in order to mitigate financial loss. In
nutshell, the use of BSC is highly recommended to eliminate the routine problems and to ensure
environmental sustainability.
