20. Corporate Practice of Implementing Measures to Combat Climate Change in the Russian Oil and Gas Companies

In recent years, problems of ecology and climate change have become the subject of discussion at international forums. National governments, along with non-governmental environmental organizations, equally assess them as one of the key risks in terms of their long-term consequences for sustainable economic growth of all countries of the world without exception. It is not surprising that these issues were not spared by the corporate sector: following market signals, as well as under the pressure of the tightening requirements of the regulatory environment, the largest foreign TNCs in the energy sector, which are also the largest polluters, have long been transforming their own business models, paying more and more attention to the implementation of areas of low-carbon economy. The purpose of this study is to identify trends and prospects for the development of these areas in the Russian business environment. In particular, the authors of the article analyze corporate practices and measures of Russian TNCs in the oil and gas industry aimed at combating or adapting to climate change and aimed at reducing their carbon footprint.