“Soon it will be impossible to make money without paying attention to ESG”

Дмитрий Аксаков

Photo by: NovaWind

Businesses are now realising that making money without regard to environmental standards and social responsibility (the so-called ESG agenda) is becoming increasingly difficult, and will become impossible in the foreseeable future.

Business is a very competitive environment, and in order to have access to finance and produce globally sought-after products, companies must invest in green technologies.

So making money irresponsibly becomes a losing strategy. Those who want to make money in the long and medium term pay attention to caring for the environment and people.

All the major Russian exporters, in particular steel mills and fertiliser producers, are investing in greening their production facilities and in social programmes. They have already sensed that the demands on their products from buyers from all over the world are becoming much stricter.

Cover photo: mixetto / iStock

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