The Arctic Development Project Office and the Faculty of Economics of Moscow State University have released the sixth annual rating of sustainable development of Russian Arctic companies "Polar Index. Companies".
Norilsk Nickel took the second place with a score of 0.827, Rosneft took the first place with 0.839 points, Gazprom Neft took the third place with 0.804 points. In total, 23 Arctic companies from nine regions are included in the rating.
The Polar Index is a rating project that allows companies and Arctic regions operating in the northern latitudes to be ranked according to how their development is characterized by achieving high economic indicators, fulfilling social obligations and responsible eco–friendly management.
According to the press service of Norilsk Nickel, the rating uses a fully open calculation methodology based on 24 parameters, which are divided into three groups – economic-ecological, socio-economic and socio-ecological, with eight indicators in each.
Each of the indicators is assigned an individual weight in the general formula. All data is taken from open sources: annual reports of companies and their reports on sustainable development, reports of companies under the National financial reporting standard, Rosstat data.
Alex Shishlo for Rough&Polished
