Specific aspects of green innovation and its industrial implementation

Abstract

Aim. The presented study aims to consider the relevance of research on green innovation in industrial companies using quantitative methods.Tasks. The authors systematize major approaches to the definition of the concept of green innovation; consider the correlation between modern theories of innovation and innovative deve lopment and the concept of green innovation; analyze scientific papers on green innovation in the field of economics, management, and business.Methods. This study uses the methods of literature analysis, quantitative data analysis, comparison, and classification.Results. Approaches to the understanding of green innovation are summarized. In particular, the authors propose their own interpretation of environmental, value, technological, and ESG approaches. A logical diagram of the relationship between ESG factors and the implementation of green innovation is presented along with the authors’ definition of this phenomenon, the distinctive feature of which is that it takes into account the revealed relationship.Conclusions. Quantitative assessment methods prove the high relevance of research on green innovation in the international community. At the same time, it is indicated that this interest is just beginning to emerge in Russian science. In conclusion, recommendations are proposed for increasing the scale of green innovation in Russian industry.