Abstract
Considering the level of development of financial markets, their efficiency and economic growth rates, it is possible to draw conclusions about the state of national economies and the entire world economy as a whole. Given the strategic importance for economic development, investors and scientists have been considering, studying and analyzing numerous models for a long period of time in order to determine the vector of stock market instruments. To this day, this remains a difficult task. Stock market prices have become even more unpredictable. This is influenced by numerous factors, ranging from economic to specific. Real realities, crises and, accordingly, the volatility of stock markets require an immediate search for both flexible and effective investment tools and methods of forecasting them. The relevance of this study lies precisely in this. The ESG trend is interesting not only for investors. There is every opportunity to expand the offers, focusing on green bonds in order to further finance sustainable development projects.