The nexus of environmental responsibility and economic development in the corporate startegies

Lead Author Jussi, Huotari
Institution Contact Aleksanteri Institute, University of Helsinki, Finland
Theme Theme 2: Vulnerability of Arctic Societies
Session Name 2.5 Geopolitics and Security of the Arctic
Datetime Fri, Sep 16, 2016 10:55 AM - 11:00 AM
Presentation Type Oral
Abstract text This paper examines environmental responsibility as a part of the corporate social responsibility (CSR) in the Russian energy companies operating in oil and gas sector. Furthermore, the emphasis of the paper is on corporations who participate in the fossil fuel exploration and exploitation on the continental shelf and waters of the Arctic. Utilization of the Arctic hydrocarbons causes a complex and manifold threat to the regions fragile nature. Alternatively, large-scale energy projects do not only create jobs for local residents but also enable other industries to develop. Hence, the challenge is how to adjust environmental risks and economic development sustainable manner? To respond to the stated question, this paper explores and analyses the environmental reports of the State-Owned Enterprises (SOEs) and Transnational Corporations (TNCs), which operate in the Russian Arctic.
 Download to your calendar