QUALITATIVE ASSESSMENT OF CLIMATE RISKS FOR COMPANIES IN THE RUSSIAN FUEL AND ENERGY COMPLEX

This paper presents the existing methodological recommendations for assessing the climate change risks of fuel and energy companies. The classification of climate risks is presented in accordance with the most authoritative methodological recommendations for assessing climate risks - the recommendat...

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Main Authors: I. A. Nagaitsev, T. V. Petrova, A. A. Komendant
Format: Article
Language:Russian
Published: Real Economics Publishing House 2024-11-01
Series:Стратегические решения и риск-менеджмент
Subjects:
Online Access:https://www.jsdrm.ru/jour/article/view/1123
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author I. A. Nagaitsev
T. V. Petrova
A. A. Komendant
author_facet I. A. Nagaitsev
T. V. Petrova
A. A. Komendant
author_sort I. A. Nagaitsev
collection DOAJ
description This paper presents the existing methodological recommendations for assessing the climate change risks of fuel and energy companies. The classification of climate risks is presented in accordance with the most authoritative methodological recommendations for assessing climate risks - the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD). Climate risks are divided into two categories: risks associated with the effects of climate change (physical risks) and risks associated with the transition to a low greenhouse gas economy (transition risks). Physical and transition risks are described, as well as the possible consequences associated with the occurrence of the risk. Climate risks of three Russian companies representing the Fuel and Energy Complex (FEC) are considered. For each company, a description is given of the risks, both physical and transient, identified by the companies as a result of climate change and the mitigation or adaptation measures developed by the companies. Conclusions are drawn on the need to assess climate risks and take them into account when implementing the business process of managing greenhouse gas emissions in order to reduce future costs arising from the onset of climate change.
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issn 2618-947X
2618-9984
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series Стратегические решения и риск-менеджмент
spelling doaj-art-238bea344adf476bad4a9e486fd11f4f2025-08-20T02:11:13ZrusReal Economics Publishing HouseСтратегические решения и риск-менеджмент2618-947X2618-99842024-11-0115325225910.17747/2618-947X-2024-3-252-259880QUALITATIVE ASSESSMENT OF CLIMATE RISKS FOR COMPANIES IN THE RUSSIAN FUEL AND ENERGY COMPLEXI. A. Nagaitsev0T. V. Petrova1A. A. Komendant2Siberian State Industrial University (Novokuznetsk, Russia)Siberian State Industrial University (Novokuznetsk, Russia)Center for Energy Research (Moscow, Russia)This paper presents the existing methodological recommendations for assessing the climate change risks of fuel and energy companies. The classification of climate risks is presented in accordance with the most authoritative methodological recommendations for assessing climate risks - the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD). Climate risks are divided into two categories: risks associated with the effects of climate change (physical risks) and risks associated with the transition to a low greenhouse gas economy (transition risks). Physical and transition risks are described, as well as the possible consequences associated with the occurrence of the risk. Climate risks of three Russian companies representing the Fuel and Energy Complex (FEC) are considered. For each company, a description is given of the risks, both physical and transient, identified by the companies as a result of climate change and the mitigation or adaptation measures developed by the companies. Conclusions are drawn on the need to assess climate risks and take them into account when implementing the business process of managing greenhouse gas emissions in order to reduce future costs arising from the onset of climate change.https://www.jsdrm.ru/jour/article/view/1123climate risksclimate changesustainable developmentfuel and energy companies
spellingShingle I. A. Nagaitsev
T. V. Petrova
A. A. Komendant
QUALITATIVE ASSESSMENT OF CLIMATE RISKS FOR COMPANIES IN THE RUSSIAN FUEL AND ENERGY COMPLEX
Стратегические решения и риск-менеджмент
climate risks
climate change
sustainable development
fuel and energy companies
title QUALITATIVE ASSESSMENT OF CLIMATE RISKS FOR COMPANIES IN THE RUSSIAN FUEL AND ENERGY COMPLEX
title_full QUALITATIVE ASSESSMENT OF CLIMATE RISKS FOR COMPANIES IN THE RUSSIAN FUEL AND ENERGY COMPLEX
title_fullStr QUALITATIVE ASSESSMENT OF CLIMATE RISKS FOR COMPANIES IN THE RUSSIAN FUEL AND ENERGY COMPLEX
title_full_unstemmed QUALITATIVE ASSESSMENT OF CLIMATE RISKS FOR COMPANIES IN THE RUSSIAN FUEL AND ENERGY COMPLEX
title_short QUALITATIVE ASSESSMENT OF CLIMATE RISKS FOR COMPANIES IN THE RUSSIAN FUEL AND ENERGY COMPLEX
title_sort qualitative assessment of climate risks for companies in the russian fuel and energy complex
topic climate risks
climate change
sustainable development
fuel and energy companies
url https://www.jsdrm.ru/jour/article/view/1123
work_keys_str_mv AT ianagaitsev qualitativeassessmentofclimaterisksforcompaniesintherussianfuelandenergycomplex
AT tvpetrova qualitativeassessmentofclimaterisksforcompaniesintherussianfuelandenergycomplex
AT aakomendant qualitativeassessmentofclimaterisksforcompaniesintherussianfuelandenergycomplex