Siberian Federal University

Issue

Journal of Siberian Federal University. Humanities & Social Sciences. 2024 17 (12)

Authors

Romanova, Luydmila A.; Karlovskaya, Evgenia A.; Lysov, Petr G.

Contact information

Romanova, Luydmila A. : Pacific State University Khabarovsk, Russian Federation; ; Karlovskaya, Evgenia A.: Belgorod State National Research University Belgorod, Russian Federation; Lysov, Petr G. : Pacific State University Khabarovsk, Russian Federation

Keywords

environmental-economic index; ESG; M. Porter’s hypothesis; productivity; pollution control costs; environmental regulation; ESG

Abstract

The article investigates the presence of ecological and economic disparity from the point of view of the Porter M. hypothesis. It complements the research that the costs of complying with environmental standards lead to an increase in economic efficiency, based on data from Russian regions. The methodology is based on a model for assessing the impact of environmental regulation on the productivity index. Environmental regulation refers to the cost of pollution control PACE, adjusted according to statistical data. The productivity index includes the dynamics of GDP, carbon dioxide emissions, labor force, capital investment and energy consumption. As a result, a direct relationship was found between the environmental regulation index and the productivity index. This proves the absence of ecological and economic disparity, that is, the costs of environmental protection do not reduce economic efficiency. The presented analysis methodology can be applied both at the macro level (of the region) and at the micro level of companies (including when evaluating the ESG strategy and environmental innovations)

Pages

2347–2356

EDN

DYJYOQ

Paper at repository of SibFU

https://elib.sfu-kras.ru/handle/2311/154280

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0).