Abstract

An urgent issue for the oil and gas industry today is following global trends and principles of environmental friendliness, social orientation and effective management. The approaching new energy transition leaves no choice for large companies to follow current and promising trends to maintain their positions in the future. The need to meet all the proposed social and new economic requirements forces the company to change and transform the existing business model. The purpose of the study, the results of which are presented in the article, is to develop evaluation tools that allow determining the degree of readiness of an oil and gas business company for ESG transformation and to identify exactly what changes are needed, as well as in what way and with what actions they can be achieved. Based on the analysis of current trends and public requests put forward to the oil and gas industry, the priorities of the company's ESG transformation are determined: transformation of production, transformation of the organizational environment, transformation of intra-industry market relations. Their achievement is determined by the company's capabilities, which characterize the financial condition, production infrastructure, corporate governance, organizational environment and intraindustry condition. The composition of indicators characterizing each of these areas was determined taking into account the ESG agenda, as well as the availability of information and the sufficiency of indicators for evaluation. To assess the degree of readiness of the company, it is justified to use an integral convolution of indicators, and to scale the results obtained to obtain not only quantitative estimates, but also verbal characteristics of the company. The theoretical value and novelty of the work is determined by the proposed approach to assessing the readiness of oil and gas companies to transform according to the current ESG trend, taking into account the industry specifics of the companies' activities, differing in the system of evaluation indicators and allowing to determine the key areas of development depending on the current state. The proposed approach was tested on the data of the largest oil and gas companies. The results obtained made it possible to determine the possibilities of practical application of the proposed approach for conducting diagnostic procedures in determining the directions of ESG business transformation, as well as to specify the directions of further research in the subject area under consideration.

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