Sustainability Assessment of Mineral Resource Sector Companies in Northern Asia (Russia): An Environmental and Socio-Economic Perspective

Alexey Bilgaev, Suocheng Dong (), Erzhena Sadykova, Fujia Li (), Arnold Tulokhonov, Anna Mikheeva and Valentin Batomunkuev
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Alexey Bilgaev: Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China
Suocheng Dong: Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China
Erzhena Sadykova: Baikal Institute of Nature Management, Siberian Branch of the Russian Academy of Sciences, Ulan-Ude 670047, Russia
Fujia Li: Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China
Arnold Tulokhonov: Baikal Institute of Nature Management, Siberian Branch of the Russian Academy of Sciences, Ulan-Ude 670047, Russia
Anna Mikheeva: Baikal Institute of Nature Management, Siberian Branch of the Russian Academy of Sciences, Ulan-Ude 670047, Russia
Valentin Batomunkuev: Baikal Institute of Nature Management, Siberian Branch of the Russian Academy of Sciences, Ulan-Ude 670047, Russia

Sustainability, 2023, vol. 15, issue 13, 1-17

Abstract: This article discusses developing methods for assessing environmental and socio-economic sustainability, using examples of mineral and raw materials sector companies in Northern Asia (Russia). We identified a sustainability criteria system and proposed an indicator system. These indicators represent a mechanism that orders the complex of existing indicators following the goals and strategy of sustainable development at the micro level. The proposed methodology for constructing a generalized index is based on aggregating three indicator blocks that characterize the environmental and socio-economic aspects of company development. The Sustainable Development Generalized Index (SDGI) allowed us to integrate the complex environmental and socio-economic development processes of mineral and raw materials sector companies and assess their sustainability. Its main feature is the reflection of the environmental specificity of companies. The indicator system adapted to the peculiarities of the mineral and raw materials sector development is a tool for identifying the main trends in the extractive industry development and determining the factors that positively or negatively affect the sustainable development of production companies. The obtained results have information significance for state structures in ensuring the regulation, planning, and control of the consequences of decisions made in the greening production activities at the micro level.

Keywords: mineral and raw materials sector; Northern Asia; Russia; sustainable development; SDGI (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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