CLIMATE AGENDA AND ITS CONSIDERATION BY THE CIRCUMPOLAR WORLD COMPANIES

Keywords: environmental policy, green agenda, Arctic companies, Arctic zone of the Russian Federation

Abstract

The high ecological footprint of Arctic companies, primarily from the extraction of resources, coupled with the particular exposure of the circumpolar world to the risks of climate change determines the need for a special environmental policy in the Arctic that takes into account both national and regional challenges. The paper shows the differentiation of the Arctic strategies and environmental policies of various states. Based on the statistical analysis of indicators and content analysis of non-financial reports of the largest companies in the Arctic zone of the Russian Federation, the priorities of the corporate policy in the field of sustainable development were established, and they were compared with Russian companies in general. The increase in the degree of consideration of the climate agenda by companies in the circumpolar world and insufficient actions in other areas of greening were shown. Recommendations to ensure the complex environmental safety of the circumpolar world were formulated.

Purpose: to determine the degree to which the climate agenda is taken into account by circumpolar world companies as part of their environmental policy (using the example of business entities operating in the Arctic zone of the Russian Federation).

Methodology and method: the study is based on the methodology of neo-positivism, applied statistics and content analysis were used.

Results: the increasing degree of consideration of the climate agenda by the circumpolar world companies as well as the insufficiency of their actions in other areas of greening were shown.

The scope of the results: the recommendations made are of interest to state and municipal authorities to improve the effectiveness of policy in the field of sustainable development of the Arctic territories.

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Author Biography

Valentina V. Karginova-Gubinova, Institute of Economics of the Karelian Research Centre of the Russian Academy of Sciences

Senior Researcher, Candidate of Economic Sciences

References

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Abstract views: 165

Published
2023-06-30
How to Cite
Karginova-Gubinova, V. (2023). CLIMATE AGENDA AND ITS CONSIDERATION BY THE CIRCUMPOLAR WORLD COMPANIES. Siberian Journal of Economic and Business Studies, 12(2), 55-70. https://doi.org/10.12731/2070-7568-2023-12-2-55-70
Section
Economic Studies