The arctic — from assets in space to the space of assets

The formation of the socio-economic model of sustainable socio-economic development (both within the general SDG agenda and approaches at the level of individual projects and companies within the ESG) cannot but take into account and reflect the spatial characteristics of those or other countries, territories, as well as those specific areas of socio-economic activity, within which certain specific projects are implemented. The Arctic and “high latitudes” have a number of fundamental features — geographical, climatic, economic, cultural and historical, which significantly affect the choice of composition, structure and approaches to the implementation of socio-economic development projects. The principal peculiarity of the projects of economic activity in this territory consists, on the one hand, in the special properties of specific properties of assets (first of all, their transformability), and on the other hand, in a significant influence of the spatial factor on their composition and structure. The authors’ point of view is that it is inappropriate to consider and analyze the Arctic projects within the local framework of narrowly focused economic activities for the development, extraction, production, catching and other certain natural resources. Expanding the spatial framework of these projects allows us to analyze the processes of creating and implementing a set of socio-economic effects (“social value”) in the interests of not only the recipients of remote stages of the chain of creation of products and services, but also those who are at its very beginning (directly in the Arctic).