Раскрытие информации об управлении рисками в годовых нефинансовых отчетах российских нефтегазовых компаний, действующих в Арктике

Abstract

The subject of this research is the system of risk management of Russian oil and gas companies that have resource exploration projects in the Russian Arctic. The study analyses risk management practices of such companies as Gazprom Neft, Lukoil, Rosneft, Zarubezhneft, Surgutneftegaz and Novatek. The main aim of this research is analyzing the risk management system, that includes environmental and social risk management, based on the information that is disclosed in the annual nonfinancial reports. Comparative analysis of the reported information is based on the authors' methodology for assessing the quality of the information disclosure within the limits of key risk management information indicators identified by the authors. This study examines the information provided by companies in their 2014 annual reports. The main results of the research are presented by determination of the leaders in the field of risk management among the surveyed companies. The practical significance of the study is determined by the ability to use the established methodology for assessing the risk management information disclosed in the annual reports of companies from other sectors of the economy and companies from other countries. This study is part of a larger research that is aimed at analyzing the system of environmental and social responsibility of Russian oil and gas companies that have their projects in theArctic.