SOCIAL & ECONOMIC ACTIVITY

Original Paper

UDC 622.2:334.021(338.1) © I.V. Petrov, I.Yu. Novoselova, A.L. Novoselov, 2022

ISSN 0041-5790 (Print) • ISSN 2412-8333 (Online) • Ugol’ – Russian Coal Journal, 2022, № 3, pp. 53-58

DOI: http://dx.doi.org/10.18796/0041-5790-2022-3-53-58

Title

Modelling a corporate social responsibility programme for coal companies in the arctic region

Authors

Petrov I.V.¹, Novoselova I.Yu.¹, Novoselov A.L.²

¹Financial University under the Government of the Russian Federation, Moscow, 125167, Russian Federation

²Plekhanov Russian University of Economics, Moscow, 117997, Russian Federation

Authors Information

Petrov I.V.,Doctor of Economic Sciences, Professor,First Deputy Dean of the Faculty of Economics and Business, e-mail: IvVPetrov@fa.ru

Novoselova I.Yu., Doctor of Economic Sciences, Professor, email: iunov2010@yandex.ru

Novoselov A.L., Doctor of Economic Sciences, Professor, e-mail: alnov2004@yandex.ru

Abstract

The development of new coal deposits in Russia's Arctic zone requires achieving harmonious relations between mining companies and local communities, which can be achieved by implementing corporate social responsibility (CSR) projects. The article proposes the use of a mechanism for developing long-term programs for the implementation of project sequences during the life cycle of coal mine development, operation and abandonment (reclamation). A model and algorithm for determining the order of implementation of projects in accordance with the timing of the sequences to which they are preliminarily allocated has been developed. Due to the procedure of multivariate calculations, this model makes it possible to determine the best option for financing the long-term CSR program. The calculations have shown the efficiency of the developed algorithm and its software implementation.

Keywords

Economic modeling, Corporate social responsibility, Environmental pollution, Ecology, ESG principles, Mining companies, Arctic zone, Indigenous population, Project management.

References

1. et al. Transformation of the world coal market: Current trends and development vectors. Ugol’, 2020,DOI: http://dx.doi.org/10.18796/0041-5790-2020-7-66-70.
2. et al. The role of energy and mining Arctic projects in increasing the investment attractiveness of the Northern Sea Route. Moscow, KnoRus Publ., 2021, 354 p. (In Russ.).
3. et al. Sustainable development of the arctic indigenous communities: The approach to projects optimization of mining company. Sustainability (Switzerland), 2020, (12), pp. 1-18.
4. (In Russ.).
5. et al. Management of externalities in the context of sustainable development of the russian arctic zone // Sustainability (Switzerland), 2021, 13(14), pp. 7749.

Acknowledgements

The paper is based on the results of research supported by the budgetary funds under the state assignment of the Financial University under the Government of the Russian Federation.

For citation

Petrov I.V., Novoselova I.Yu., Novoselov A.L. Modelling a corporate social responsibility programme for coal companies in the Arctic region.Ugol’, 2022, (3), pp. 53-58. (In Russ.). DOI: 10.18796/0041-5790-2022-3-53-58.

Paper info

Received January 25, 2022

Reviewed February 10, 2022

Accepted February 21, 2022