Suchergebnisse

The paper analyses methodological features and results of the first Russian oil and gas companies environmental rating. This rating is relevant because Russian oil and gas industry plays a key role in the national economy and at the same time it is unfavorable and nontransparent from an environmental point of view. Our study aims to provide a comparative assessment of environmental responsibility of oil and gas companies operating in Russia. The study is based on a comprehensive analysis of qualitative and quantitative corporate indicators in three areas: environmental management, environmental impact and disclosure. Results of the rating indicate a high differentiation among Russian oil and gas companies in terms of environmental responsibility and transparency. Public listing of shares as well as linkages between shareholders and regional communities are among factors that have positive impact on the level of environmental responsibility of oil and gas companies.