The Arctic Development Project Office and the Department of Environmental Economics of Moscow State University published the Polar Index, the seventh annual rating of Russian companies operating in the Arctic.
The leaders of the rating in terms of the overall sustainable development index were the Norilsk Nickel, T Plus and Rosneft companies. The rating uses a calculation methodology based on 24 indicators reflecting various aspects of sustainable development. All data for calculations is taken from open sources: annual reports of companies and reports on sustainable development, Rosstat data and NSFR reporting.
The rating is compiled based on three components of company activity - economic, social and environmental. In terms of the economic component, the leader was the oil and gas company Gazprom Neft, in the social component - the T Plus energy group, and in the environmental component - the Norilsk Nickel metallurgical company.
“Leading Russian companies developing the Arctic regions care about the quality of life, where environmental well-being is key,” says Sergei Nikonorov, head of the rating project development, professor at the Faculty of Economics of Moscow State University.
“For example, Norilsk Nickel has achieved impressive results largely due to the launch of the Sulfur Program, a comprehensive project to reduce sulfur dioxide emissions. It is important that most Polar Index companies have long-term sustainable development strategies, implement the best available technologies, and increasingly use renewable energy sources.”
The rating covers 23 large public companies operating in the Arctic. Among the participants are 9 oil and gas, 3 metallurgical, 3 petrochemical, 2 energy companies, one diamond miner, one shipbuilder, one service provider and one transport company, as well as the state nuclear energy corporation, and one seaport operator.
Theodor Lisovoy, Editor in Chief, Rough&Polished
