Integration of Climate Risks into Corporate Sustainability Strategies: A Case Study of Companies in the Aquaculture Sector
https://doi.org/10.26794/2220-6469-2025-19-3-106-115
Abstract
Subject. The article addresses the integration of climate risks into corporate sustainability strategies, using the example of publicly listed companies in the aquaculture sector of Russia and Norway. Objective. To compare Norwegian companies (Mowi, Lerøy, and Grieg Seafood) with the Russian company INARCTICA in terms of the presence of sustainability strategies, identification and management of climate risks, and the existence of a dedicated governing body on the board of directors; and to systematize climate risks for companies operating in the Arctic region according to the classification standards of the Task Force on Climate-related Financial Disclosures (TCFD). Results. The study finds that Norwegian companies demonstrate higher maturity in managing climate-related threats. Practical significance. It is recommended that Russian companies enhance their sustainability strategies by conducting a qualitative assessment of climate risks in line with TCFD standards. The article outlines risk mitigation measures based on best international practices.
About the Authors
B. S. Bataeva
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Bela S. Bataeva — Dr. Sci. (Econ.), Professor at the Department of corporate finance and corporate
governance
Moscow
A. A. Bobkova
National Research University Higher School of Economics
Russian Federation
Russian Federation
Arina A. Bobkova — student at the Faculty of Geography and Geoinformational Technologies
Moscow
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Review
For citations:
Bataeva B.S., Bobkova A.A. Integration of Climate Risks into Corporate Sustainability Strategies: A Case Study of Companies in the Aquaculture Sector. The world of new economy. 2025;19(3):106-115. (In Russ.) https://doi.org/10.26794/2220-6469-2025-19-3-106-115
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