Environmental Responsibility of the Oil and Gas Business in the Arctic: Rating Analysis for 2014-2022
Abstract
The article is devoted to the environmental responsibility of the oil and gas business in the Arctic. Corporate social responsibility (CSR) is considered as a tool for assessing the implementation of the concept of regional development, the level of which is proposed to be measured by rating indicators. The analysis is based on the results of the Environmental transparency rating (ETR) of oil and gas companies for 2014-2022. Since 2023, the rating is no longer being implemented in Russia for geopolitical reasons, but it is extremely important to study the experience of its work and, perhaps, lay some of its aspects in the formation of such a national industry rating. The authors identified from the ETR only those companies that operate in the Arctic and identified the dynamics of greening of enterprises in the Arctic oil and gas sector in three sections: managerial, operational and informational. Over the 9-year period of the rating’s implementation, the leaders have changed periodically. For example, the three leaders of the rating in 2022 among other companies operating in the Arctic were Zarubezhneft, Lukoil, and equally Sakhalin Energy and Rosneft, while the best in 2014 were Sakhalin Energy, Gazprom, and Rosneft.
About the Authors
O. P. TrubitsinaRussian Federation
Olga P. Trubitsina,
Arkhangelsk, Severnaya Dvina nab., 17, Arkhangelsk, 163002
V. N. Bashkin
Russian Federation
Vladimir N. Bashkin
Institutskaya str., 2-1, Pushchino, Moscow region, 142290
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Review
For citations:
Trubitsina O.P., Bashkin V.N. Environmental Responsibility of the Oil and Gas Business in the Arctic: Rating Analysis for 2014-2022. Issues of Risk Analysis. 2023;20(6):24-33. (In Russ.)