ESdiGital-Transformation of Russian Oil and Gas Companies: Risks and Assessments

The relevance of the topic of the article is due to the role and significance of the results of the processes of ESG-transformation and digital transformation (ESdiGital-transformation) of the sectors of the mineral resource complex of Russia. This is of particular relevance for companies in the oil...

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Bibliographic Details
Published in:Administrative Consulting
Main Authors: E. A. Kuklina, K. I. Dementiev
Format: Article in Journal/Newspaper
Language:English
Russian
Published: North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2023
Subjects:
esg
Online Access:https://doi.org/10.22394/1726-1139-2023-7-53-71
https://doaj.org/article/b4b513824c984f36bc50e98610231f48
Description
Summary:The relevance of the topic of the article is due to the role and significance of the results of the processes of ESG-transformation and digital transformation (ESdiGital-transformation) of the sectors of the mineral resource complex of Russia. This is of particular relevance for companies in the oil and gas sector, which is one of the triggers for the development of Russia’s industrial potential. The purpose of the study is to study the risks and evaluate the achieved results of the ESdiGital transformation of oil and gas companies in the current conditions of their functioning. Research objectives: to identify the risks of a resource project, including the risks of developing oil and gas fields on the Arctic shelf; identify ESG risk generation factors and propose their grouping; to classify the factors of formation of ESdiGital risks at the micro level; propose a methodical approach to the assessment and perform an assessment of the ESdiGital transformation of key companies in the Russian oil and gas sector. Methodological basis of the research: a systematic approach, logical analysis, synthesis. Research methods: empirical rating method, Harrington’s generalized desirability function, content analysis of open sources of information. Results obtained: to evaluate the results of the ESdiGital transformation of Russian oil and gas companies in Russia, it is advisable to use the integral indicator of the ESdiGital transformation; to assess the company’s ESG level, the ESG transformation index is calculated, which allows to determine the existing potential for the implementation of the “green” agenda; the level of the company’s ESG transformation is determined based on the use of RAEX Europe rating indicators and the generalized desirability function of E.K. Harrington; to assess the level of digital transformation, it is advisable to use the index of the use of digital technologies. Main conclusions: ESdiGital risks are caused by the use of digital technologies and artificial intelligence tools that reduce the ...