Green Growth Strategies: How ESG Metrics are Reshaping Environmental Economics

Abstract

This article examines how Environmental, Social, and Governance (ESG) metrics are reshaping environmental economics and driving green growth strategies. It begins by elucidating the concept of ESG metrics and their significance in the modern economy. The article then analyzes the role of ESG metrics in environmental policy and economic decision-making, showcasing how various companies and industries are transforming their strategies based on ESG metrics. It further explores business strategies that utilize ESG metrics to drive sustainable growth, including the role of technological innovation in enhancing ESG performance. Additionally, the article discusses the challenges and opportunities of integrating ESG metrics into traditional economic models and the potential criticisms ESG metrics might face in environmental economics. By examining how different countries and regions adopt ESG metrics and predicting the future role of ESG in environmental policies and economic strategies, the article highlights the potential of ESG metrics in shaping the future of environmental economics.