Siberian Federal University

Issue

Journal of Siberian Federal University. Humanities & Social Sciences. 2025 18 (12)

Authors

Zander, Evgeniya V.; Pyzheva, Yulia I.

Contact information

Zander, Evgeniya V. : Siberian Federal University Krasnoyarsk, Russian Federation; ; Pyzheva, Yulia I.: Siberian Federal University Krasnoyarsk, Russian Federation

Keywords

major Russian businesses; environmental and social policy; sanctions; stock market; national development agenda

Abstract

Requirements for conducting activities in the field of environmental and social responsibility that are as transparent as possible and backed by large financial investments have become the de facto standard for reputable transnational businesses. A powerful driver of the high level of activity of Russia’s largest companies in implementing public environmental and social policies in the 2010s was their desire to integrate into global financial markets. Today, this motive has virtually lost its force: it is difficult to predict when and under what conditions Russian businesses will once again have full access to Western financial systems, let alone return to trading their shares on Western stock markets. Meanwhile, with few exceptions, Russian public companies are not reneging on their previous public commitments to environmental protection and support for the socio-economic development of the territories where they operate, which are not related to their core production activities. The article analyzes the incentives that, on the one hand, prevent businesses from ceasing these activities and, on the other hand, encourage them to reformat these activities in line with the new understanding of Russia’s geopolitical positioning and internal development agenda

Pages

2502–2507

EDN

DUUJHQ

Paper at repository of SibFU

https://elib.sfu-kras.ru/handle/2311/158007

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0).