An ESG strategy—Environmental, Social, and Corporate Governance—not only helps preserve the environment but can also generate tangible income. Thus, the use of renewable energy sources (RES) and green technologies in the energy sector enhances return on investment and profitability. In contrast, higher CO
2 emissions result in lower financial performance. This has been demonstrated in a collaborative study by the HSE Faculty of Economic Sciences and the European University at St. Petersburg. Their findings have been published in Frontiers in Environmental Science.
