DOI: https://doi.org/10.33917/es-6.186.2022.76-85

The article considers the content of the ESG requirements as a transitional phase from unregulated globalization to the achievement of the UN Sustainable Development Goals until 2030, focuses on the social component, as well as on the relationship between achieving steering ejection with the restructuring of energy generating segments of national economies, incl. developing countries; it is emphasized that the developed countries, proclaiming the energy transition to renewable sources, use the potential of developing economies for their own purposes, which strengthens the trend towards state regulation of developing countries in order to achieve national economic objectives; it is analyzed that the unconditional implementation of the ESG principles led to a reduction in long-term investments in exploration and production of fossil energy sources, which in turn led to a sharp increase in prices in world markets; it is substantiated that the process of energy transition requires smooth implementation of the process, in connection with which a radical rejection of fossil fuels is unacceptable in modern conditions, and given the sanctions strategy of the Anglo-Saxon countries in relation to a number of states with an increased social component in the investment load of economic entities, in practice undermines the achievement of the goals of environmental justice, assistance to increase the welfare of the population and increase the social responsibility of companies to society.

References:

1. 17 tselei dlya preobrazovaniya nashego mira [17 Goals for Transforming Our World]. OON, available at: https://www.un.org/sustainabledevelopment/ru/

2. Shirokomasshtabnoe, bystroe i usilivayushcheesya izmenenie klimata — MGEIK: Press-reliz MGEIK [Widespread, Rapid and Accelerating Climate Change — IPCC: IPCC Press Release]. IPCC. 2021б available at: https://www.ipcc.ch/site/assets/uploads/2021/08/IPCC_WGI-AR6-Press-Release_ru.pdf.

3. Doklad Rosgidrometa ob osobennostyakh klimata na territorii RF za 2021 god [Roshydromet Report on the Climate Peculiarities in the Russian Federation for 2021]. Izmenenie klimata, 2022, no 95.

4. Henisz W., Koller T., Nuttall R. Five Ways That ESG Creates Value. McKinsey, available at: https://www.mckinsey.com/business-functions/strategy-andcorporate-finance/our-insights/five-ways-that-esg-creates-value.

5. ESG Trends 2021: Energy Transition. Oxford Business Group, 2021, available at: https://oxfordbusinessgroup.com/news/esg-trends-2021-energy-transition.

6. How will Net Zero 2050 plans affect emerging markets? Oxford Business Group, available at: https://oxfordbusinessgroup.com/news/how-will-net-zero-2050-plans-affect-emerging-markets.

7. MEA nazvalo 2021 god rekordnym po rostu “zelenoi” energetiki [IEA has Named 2021 a Record Year for the “Green” Energy Growth]. RBK, available at: https://trends.rbc.ru/trends/green/61a8b7f89a79475ba760b602.

8. Morrison R. Environmental, Social, and Governance Theory. Competitive Enterprise Institute, 2021, available at: https://cei.org/wp-content/uploads/2021/05/Richard-Morrison-ESG-Theory.pdf.

DOI: 10.33917/mic-4.105.2022.45-52

The article is devoted to approaches to structuring the subjects of the Russian gas industry taking into account the role of the gas industry in the state economy and its unique features. The article discusses global challenges for the Russian gas industry in the conditions of energy transition. An analysis of the structuring of the subjects of the gas industry of Russia is being carried out; foreign experience is being considered with the identification of key features. An author’s approach to structuring the subjects of the gas industry of Russia is offered, combining the strengths of Russian and foreign approaches.

DOI: 10.33917/mic-3.98.2021.45-56

The necessity of a multidimensional approach to the assessment of energy transition is considered. There is a growing trend towards abandoning investment in publicly traded oil and gas companies and the need for environmental and social management measures to introduce the concept of “sustainable” investments. Emphasis is placed on responsible investments in the oil and gas industry, taking into account factors of the environment, social and governance (ESG). The relationship between ESG, finance and economics is discussed. The results of the activities of oil and gas companies in the context of the ESG requirements are presented. Information on the capacities and volumes of renewable energy sources production by the largest companies has been systematized. The conclusion is made about the dominance of the climate change problem in the tasks of financial management.