Issues of the Sustainable Development Measurement of the Arctic region

Abstract

The article is devoted to the approaches to achieve sustainable development of the Arctic territories. Measuring sustainability is one of the important aspects in the formation of state and corporate policies. Sustainable development of the region requires to solve three issues: 1) to improve the quality of life of the population; 2) to reduce social inequality; 3) to reduce the anthropogenic pressure on ecosystems. The article analyzes two author’s methods: compiling a sustainable development rating of the Russian Federation’s regions, fully or partially included in the Arctic zone of the Russian Federation, and companies operating in the Arctic zone of the Russian Federation (Polar Index); development of a sustainable development rating for the regions and companies of the Barents Euro-Arctic Region (Barents-Polar Index). These studies will be useful to representatives of companies and the leadership of the Russian regions to move towards sustainable development based on the “green” economy.