Contribution of Russian Oil and Gas Companies to the Implementation of the Sustainable Development Goal of Combating Climate Change

Abstract

The paper representing the author’s study of the role of Russian oil and gas companies in combating climate change considers the issue of ensuring sustainable development, which is currently becoming more and more relevant. Using the analysis and synthesis techniques and the analytical and statistical study results, the authors have concluded that the climate change issue is a huge threat to humanity and requires an immediate solution. Oil and gas companies being one of the largest environmental pollution sources should first and foremost take appropriate measures to combat climate change. A systematic approach as the main one has been chosen to study this issue, due to which such diverse elements as sustainable development, the state, and oil and gas companies that have previously been studied separately are considered from a holistic perspective. The paper has proven that the largest Russian oil and gas companies such as Gazprom PJSC, LUKOIL PJSC, and Rosneft OC PJSC recognize the importance of actions to combat climate change and not only include sustainable development goals in their policies and strategies but also implement specific responses to climate change, thereby making a significant contribution to achieving the goal of combating climate change. The paper materials are of practical value for state authorities in terms of improving policies implemented in the field of sustainable development and drawing up regulatory documents and programs. Also, the research results may be considered by oil and gas other industry companies that have not yet passed to more sustainable business development models.