Formation indicators of strategic actions for oil and gas corporations within the framework of sustainable development concept

Abstract

Current trends in the global practice of forming sustainable development goals indicate that striving for innovative development is associated not only with investment activities, but also with tightening of environmental sanctions across the entire vertical of production and sales processes. Leading companies in the Russian oil and gas sector are prominent representatives of the industry and they shape their strategies in accordance with the UN Sustainable Development Goals. A study of the state of 6 companies of the oil and gas complex, which occupy stable positions in the markets of petroleum products and gas, is conducted in this paper. For the analysis, a methodology was chosen that covers the main directions in achieving the sustainable development goals: investment and innovation in technology, economic, social and environmental development. The materials of annual and consolidated reports on social, environmental and innovative development, the program of socio-economic and environmental development for 2015-2019 served as the information base for the formation of a sample of statistical indicators. The use of the benchmarking method made it possible to rank enterprises, find identity criteria, and evaluate possible strategic actions of oil and gas enterprises in achieving the integrated parameter of the Sustainable Development Index. On the basis of the obtained calculations, it is possible to form action strategies in the direction of "best practices" and adapt the worked out development programs relative to the general trend of achieving sustainable development of the oil and gas complex.