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

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Listed:
  • Alexey Bilgaev

    (Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China
    Baikal Institute of Nature Management, Siberian Branch of the Russian Academy of Sciences, Ulan-Ude 670047, Russia)

  • 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
    Innovation Academy for Green Manufacture, Chinese Academy of Sciences, Beijing 100190, 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)

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.

Suggested Citation

  • Alexey Bilgaev & Suocheng Dong & Erzhena Sadykova & Fujia Li & Arnold Tulokhonov & Anna Mikheeva & Valentin Batomunkuev, 2023. "Sustainability Assessment of Mineral Resource Sector Companies in Northern Asia (Russia): An Environmental and Socio-Economic Perspective," Sustainability, MDPI, vol. 15(13), pages 1-17, June.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:13:p:10070-:d:1179165
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    References listed on IDEAS

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    1. Vineeta Prasad & Gautam Bandyopadhyay & Kalyan Adhikari & Sayan Gupta, 2023. "An Integrated Framework for Prioritizing Sustainability Indicators for the Mining Sector with a Multicriteria Decision-Making Technique," SN Operations Research Forum, Springer, vol. 4(1), pages 1-44, March.
    2. Ji, Yuhang & Lei, Yalin & Li, Li & Zhang, An & Wu, Sanmang & Li, Qun, 2021. "Evaluation of the implementation effects and the influencing factors of resource tax in China," Resources Policy, Elsevier, vol. 72(C).
    3. Auty, R. & Warhurst, A., 1993. "Sustainable development in mineral exporting economies," Resources Policy, Elsevier, vol. 19(1), pages 14-29, March.
    4. World Bank, 2010. "Economics of Adaptation to Climate Change : Synthesis Report," World Bank Publications - Reports 12750, The World Bank Group.
    5. Li, Yongbo & Barrueta Pinto, Mark Christhian & Kumar, D. Thresh, 2023. "Analyzing sustainability indicator for Chinese mining sector," Resources Policy, Elsevier, vol. 80(C).
    6. Auty, Richard M. & Mikesell, Raymond F., 1999. "Sustainable Development in Mineral Economies," OUP Catalogue, Oxford University Press, number 9780198294870.
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    Cited by:

    1. Xiaolei Fan & Hao Li & Qinfei Yu & Jianming Xu & Meng Li, 2023. "Assessment of Sustainable Supply Capability of Chinese Tin Resources Based on the Entropy Weight-TOPSIS Model," Sustainability, MDPI, vol. 15(17), pages 1-17, August.

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