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Meeting the UN’s Sustainable Development Goals in the Decarbonization Agenda: A Case of Russian Oil and Gas Companies

Author

Listed:
  • Nataliya Titova

    (Luzin Institute for Economic Studies—Subdivision of the Federal Research Centre, Kola Science Centre of the Russian Academy of Sciences, 184209 Apatity, Russia)

  • Alina Cherepovitsyna

    (Luzin Institute for Economic Studies—Subdivision of the Federal Research Centre, Kola Science Centre of the Russian Academy of Sciences, 184209 Apatity, Russia)

  • Tatiana Guseva

    (Research Institute “Environmental Industrial Policy Centre”, 42 Olimpijskij Prospect, 141006 Mytishchi, Russia)

Abstract

Being key players in providing sustainable energy on a global scale, oil and gas (O&G) companies can contribute to achieving the UN’s Sustainable Development Goals SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action). This paper focuses on Russian O&G companies and presents an analysis of their contribution to these SDGs in the context of today’s decarbonization agenda. The study is based on a content analysis of their corporate sustainability reports and has produced three results. First, we analyzed the key strategic goals of Russian O&G companies. Second, we identified the correspondence between the progress towards the SDGs declared in their sustainability reports and the UN’s SDG indicators. Third, we analyzed the contributions of Russian O&G companies to SDGs 7 and 13. As a result of the study, recommendations were formulated to introduce practical tools aimed at increasing the contribution of Russian O&G companies to sustainable development. The article discusses problems in corporate sustainability reporting of Russian O&G companies. The paper also seeks to expand the existing literature on the contribution of the Russian O&G sector to providing sustainable energy and accelerating the energy transition in line with the decarbonization agenda.

Suggested Citation

  • Nataliya Titova & Alina Cherepovitsyna & Tatiana Guseva, 2023. "Meeting the UN’s Sustainable Development Goals in the Decarbonization Agenda: A Case of Russian Oil and Gas Companies," Resources, MDPI, vol. 12(10), pages 1-23, October.
    • Handle: RePEc:gam:jresou:v:12:y:2023:i:10:p:121-:d:1256641
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    References listed on IDEAS

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    1. repec:eme:ijlma0:ijlma-04-2017-0102 is not listed on IDEAS
    2. Orazalin, Nurlan & Mahmood, Monowar, 2018. "Economic, environmental, and social performance indicators of sustainability reporting: Evidence from the Russian oil and gas industry," Energy Policy, Elsevier, vol. 121(C), pages 70-79.
    3. Rissman, Jeffrey & Bataille, Chris & Masanet, Eric & Aden, Nate & Morrow, William R. & Zhou, Nan & Elliott, Neal & Dell, Rebecca & Heeren, Niko & Huckestein, Brigitta & Cresko, Joe & Miller, Sabbie A., 2020. "Technologies and policies to decarbonize global industry: Review and assessment of mitigation drivers through 2070," Applied Energy, Elsevier, vol. 266(C).
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