Development of corporative social responsibility on the Russian Northern and Arctic territories
The process of non-financial reporting in the social responsibility sphere of Russian corporations (case study of JSC LUKOIL and JSC NOVATEK) on the Russian Arctic territories is analyzed. It has been revealed that most of the social and environmental reports, and reports on sustainable development were submitted by companies of the oil and gas industry. This is quite natural, since the companies have the most significant impact on the environment, and at the same time, the companies have the largest financial resources that is why they are able to actively participate together with governmental structures in formation of social policy on the territories where they function.