Applying ESG Principles to Russia's Arctic Development
Appropriate Use of ESG Principles to Develop Russia's Arctic Region Sustainably into the Future
The geographical area of Russia is in sustained development in these times amidst the rising demands for the preservation of sustainability development. With the theme of climate change, many areas of exploration which were not previously within reach due to their cover become accessible due to their exposure; thus, great natural resources can be accessed even more hence countries and giant corporations focus much attention on such prospects. Therefore, this new development of the Arctic, primarily by Russia, challenges an opportunity to achieve a more balanced growth, economic, as well as environmental and social responsibility. For all these concerns, the Environmental, Social and Governance principles have to be taken into Arctic Development.
Economic importance of Arctic for Russia and Global Economy
The region is oil as well as mineral resource and fishing abundant so a centre of
