Meeting the UN’s Sustainable Development Goals in the Decarbonization Agenda: A Case of Russian Oil and Gas Companies

Being key players in providing sustainable energy on a global scale, oil and gas (O&G) companies can contribute to achieving the UN’s Sustainable Development Goals SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action). This paper focuses on Russian O&G companies and presents an ana...

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Bibliographic Details
Published in:Resources (Basel) 2023-10, Vol.12 (10), p.121
Main Authors: Titova, Nataliya, Cherepovitsyna, Alina, Guseva, Tatiana
Format: Article
Language:English
Subjects:
Carbon dioxide
Clean energy
Climate action
Climate change
Content analysis
Control
Decarbonization
Emissions
Energy consumption
Energy industry
Energy transition
Environmental aspects
Methods
oil and gas companies
Petroleum industry
Renewable energy
SDGs
Sustainability reporting
Sustainable development
sustainable development goals
Sustainable energy
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Summary:Being key players in providing sustainable energy on a global scale, oil and gas (O&G) companies can contribute to achieving the UN’s Sustainable Development Goals SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action). This paper focuses on Russian O&G companies and presents an analysis of their contribution to these SDGs in the context of today’s decarbonization agenda. The study is based on a content analysis of their corporate sustainability reports and has produced three results. First, we analyzed the key strategic goals of Russian O&G companies. Second, we identified the correspondence between the progress towards the SDGs declared in their sustainability reports and the UN’s SDG indicators. Third, we analyzed the contributions of Russian O&G companies to SDGs 7 and 13. As a result of the study, recommendations were formulated to introduce practical tools aimed at increasing the contribution of Russian O&G companies to sustainable development. The article discusses problems in corporate sustainability reporting of Russian O&G companies. The paper also seeks to expand the existing literature on the contribution of the Russian O&G sector to providing sustainable energy and accelerating the energy transition in line with the decarbonization agenda.
ISSN:2079-9276
2079-9276
DOI:10.3390/resources12100121