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Climate change and ESG factors in instability period: Indian and Russian experience
[journal article]
Abstract Introduction. The article deals with the problem of application of Environmental, Social and Governance (ESG) criteria for investment and reporting principles in India and Russia as well as with sustainable development
and climate change implementation policies within these countries.
Methods. The... view more
Introduction. The article deals with the problem of application of Environmental, Social and Governance (ESG) criteria for investment and reporting principles in India and Russia as well as with sustainable development
and climate change implementation policies within these countries.
Methods. The research methods used by the authors in this work include the methodology of statistical analysis,
forecasting, comparison, methods of assembling materials and research results.
Analysis. Sustainable growth results from a compromise between long-term development priorities founded on
carbon neutral economy, global introduction of carbon footprint emission taxes, on rapid digitalization of all areas of
activity in society, and impact of greenhouse gases emissions. The authors compare incorporation of ESG principles in
Indian and Russian business policies aimed at fighting climate change impact for sustainability.
Results. The article concludes that despite the changing situation in the global economy, companies continue to
expand their rationale for ESG taking into consideration the increase in the importance of public initiatives and good
governance. Moreover, the implementation of many initiatives in this area helped businesses respond more flexibly to
new challenges, while increasing sustainability.... view less
Keywords
climate change; sustainable development; climate policy; company policy; India; Russia
Classification
Ecology, Environment
Free Keywords
geopolitical instability
Document language
English
Publication Year
2022
Page/Pages
p. 236-245
Journal
Paradigms of Management, Economics and Law (2022) 2
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0