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Social Investing Modeling for Sustainable Development of the Russian Arctic

Author

Listed:
  • Andrey Novoselov

    (Department of Mathematical Methods in Economics, Plekhanov Russian University of Economics, 36 Stremyanny Lane, 117997 Moscow, Russia)

  • Ivan Potravny

    (Basic Department of Project and Program Management Capital Group, Plekhanov Russian University of Economics, 36 Stremyanny Lane, 117997 Moscow, Russia)

  • Irina Novoselova

    (Department of Industry Markets, Financial University under the Government of the Russian Federation, 49, Leningradsky Prospekt, 125993 Moscow, Russia)

  • Violetta Gassiy

    (Public Administration Department, Kuban State University, 149 Stavroposkaya, 350040 Krasnodar, Russia)

Abstract

The method of the social investing of the Arctic subsoil users is considered in this article. As the portfolio of social investments is formed based on the interests of indigenous peoples, the authors used expert assessment and sociological research for social investing modeling. A two-stage procedure for forming a portfolio of such projects is proposed. An approach has also been developed for assessing and selecting investment projects for the Arctic sustainable development according to different criteria of optimality. The authors substantiate the need for a new approach to sustainable development of the Arctic, based not on compensation for the negative consequences of industrial development used in many countries, but on social investment. In this article the proposed approach is tested on the case of the Arctic indigenous community in Taimyr and the optimal social investing portfolio is justified.

Suggested Citation

  • Andrey Novoselov & Ivan Potravny & Irina Novoselova & Violetta Gassiy, 2022. "Social Investing Modeling for Sustainable Development of the Russian Arctic," Sustainability, MDPI, vol. 14(2), pages 1-18, January.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:2:p:933-:d:724970
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    References listed on IDEAS

    as
    1. V. N. Markova & K. I. Alekseeva & A. B. Neustroeva & E. V. Potravnaya, 2021. "Analysis and Forecast of the Poverty Rate in the Arctic Zone of the Republic of Sakha (Yakutia)," Studies on Russian Economic Development, Springer, vol. 32(4), pages 415-423, July.
    2. Andrey Novoselov & Ivan Potravny & Irina Novoselova & Violetta Gassiy, 2020. "Sustainable Development of the Arctic Indigenous Communities: The Approach to Projects Optimization of Mining Company," Sustainability, MDPI, vol. 12(19), pages 1-18, September.
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    Cited by:

    1. Wullianallur Raghupathi & Sarah Jinhui Wu & Viju Raghupathi, 2023. "Understanding Corporate Sustainability Disclosures from the Securities Exchange Commission Filings," Sustainability, MDPI, vol. 15(5), pages 1-32, February.
    2. Aleksey I. Shinkevich & Alsu R. Akhmetshina & Ruslan R. Khalilov, 2022. "Development of a Methodology for Forecasting the Sustainable Development of Industry in Russia Based on the Tools of Factor and Discriminant Analysis," Mathematics, MDPI, vol. 10(6), pages 1-16, March.
    3. Roy Kouwenberg & Chenglong Zheng, 2023. "A Review of the Global Climate Finance Literature," Sustainability, MDPI, vol. 15(2), pages 1-32, January.
    4. Diana Dmitrieva & Amina Chanysheva & Victoria Solovyova, 2023. "A Conceptual Model for the Sustainable Development of the Arctic’s Mineral Resources Considering Current Global Trends: Future Scenarios, Key Actors, and Recommendations," Resources, MDPI, vol. 12(6), pages 1-28, May.
    5. Natalia Krasnoshtanova, 2023. "Sustainability of Local Communities in a New Oil and Gas Region: The Case of Eastern Siberia," Sustainability, MDPI, vol. 15(12), pages 1-19, June.

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