Comparative analysis of sustainable development of industrial enterprises in the Arctic territories of the Russian Federation

Abstract

Introduction. The work updates the situation with the enhanced sustainability of industrial enterprises in the Arctic territories of the Russian Federation since they are characterized with resources’ high potential associated with high environmental risks due to their exploration.

Purpose. The paper aims at comparing the key indicators for sustainable development of the leading industrial enterprises in the Russian Federation in terms of their environmental impact.

Materials and Methods. The authors reviewed modern studies related to the assessment of industrial development in the Arctic from the standpoint of technology, environmental friendliness, the formation of a data system, which reflect the trends in environmental load on the territory from the activities of industries. The identified trends in the sustainable development of industrial enterprises in the Arctic zone were analyzed and analytically interpreted. Methodologically, the paper synthesizes the methods of retrospective analysis and identifies the trends by analyzing rated key sustainability indicators defined by the data of industrial enterprises.

Results. The paper proves the need for an in-depth analysis and detailed analysis of indicators of industrial load on the environment in the Arctic territories. The database for comparing key indicators was compiled, and the key trends in the sustainable development of industrial enterprises were identified. The analysis of their dynamics showed the multidirectionality in the development of industrial enterprises. The trajectories of enterprises’ efforts in achieving sustainability parameters were described: when the growth of expenditures is associated with a decrease in emissions and waste from production activities; when production and environmental indicators show multidirectional dynamics; when the enterprise growth rate decreases, environmental indicators improve.

Conclusions. Thus, the authors substantiated the need to develop and implement a mechanism for regulating environmental policy at the state level, which would provide for measures aimed at active and systematic reduction of the environmental load on the environment in the Arctic territories.

Keywords: sustainable development, Arctic territories, industrial enterprise, environmental innovation, industrial and environmental policy

Funding: the work was performed under the Research Plan of the Institute of Economics of the Ural Branch of the Russian Academy of Sciences.

For citation

Urasova A. A., Fedoseeva S. S. Comparative analysis of sustainable development of industrial enterprises in the Arctic territories of the Russian Federation. Perm University Herald. Economy, 2024, vol. 19, no. 2, pp. 206–219. DOI 10.17072/1994-9960-2024-2-206-219. EDN WPVAAV.

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