The main purpose of this paper is to create a system of corporate social and environmental responsibility indicators for assessing the company activities in the Russian Arctic. There are three groups of indicators that correspond to the corporate activities in the social and environmental spheres as well as reflect the degree of companies' transparency. Based on them, the index of social and environmental responsibility of companies operating in the Russian North is compiled. It is concluded that it is important to correctly identify indicators that reflect the social and environmental aspects of companies' activities in the Arctic regions of Russia, in order to make competent management decisions to ensure the sustainable development of the Arctic Zone of the Russian Federation.