Climate Risk Management
In the end of March 2022, we wrote about the tectonic changes in the EU energy market
One of the consequences of these changes was the dilemma for Gazprom – where to go with the unclaimed gas following its gas supplies cut off to several European countries and supplies to other customers have been severely curtailed? And the forecast was right – they decided to burn gas in the atmosphere, harming the environment and the planet 🌍
In June 2022 a huge flare was detected burning near the Portovaya compressor station on the Russian-Finnish border. Flaring means the controlled and deliberate destruction of natural gas 🔥🧯
This brings us back to the widely discussed topic of ESG. Back in 2020, Larry Fink, CEO of BlackRock, the world's largest investment company, identified ESG as a key driver of long-term investment prospects. In turn, in the fresh scientific article for the International Journal of Management & Economics Invention, Mykhailo Rushkovskyi examined in more detail the concept of ESG, its impact on business’ operational efficiency and risk management system, as well as a low-carbon economy transition ♻️
The full article is available here – http://www.rajournals.in/index.php/ijmei/article/view/967
In the recent scientific article by Mykhailo Rushkovskyi for “Green, Blue & Digital Economy Journal” one can find an outlook of the fundamental trends of the last decade related to climate change, as well as interstate and global economic campaigns to slow it down, which create a powerful new determinant for multinational enterprises in corporate governance, risk management and the sound management of climate risks and opportunities
The full article on the web version of “Green, Blue & Digital Economy Journal” - http://baltijapublishing.lv/index.php/gbdej/article/view/1521/1537
In his interview for Ukrainian Energy Portal Mykhailo Rushkovskyi talks about Climate Risk Management as an internal part of Risk Management 2.0
Link to the interview (August 31, 2021) - https://ua-energy.org/uk/posts/zminiuietsia-klimat-zminiuietsia-upravlinnia-klimatychnymy-ryzykamy