What happened Shares of Westport Fuel Systems (NASDAQ: WPRT) are rocketing higher today, up 12.4% at 1:50 p.m. EDT -- and not just because it beat earnings last week. The clean-fuel technology company topped earnings expectations on Friday, reporting a profit where Wall Street had expected a loss. It was its third such quarterly profit in the last four quarters, according to data from S&P Global Market Intelligence. Investors like companies that do well, of course. And now, Westport is marketing itself to investors who like companies that do good, too -- investors in the environmental, social, and governance (ESG) space -- by publishing its first-ever report on its ESG achievements. Image source: Getty Images. So what As CEO David Johnson explained, "Westport Fuel Systems is a purpose-driven organization and our 2019 Report demonstrates our commitment to ESG programs and performance to drive sustainable growth." In this regard, Westport notes that it has revised its corporate code of conduct to make it "more user-friendly and engaging," created a "metrics-based overview of ethics and compliance training for all employees," installed solar panels at a Dutch facility, reduced its "energy ... intensity," and elected "a gender-balanced Board of Directors in April 2020." Now what What does all this mean for Westport in dollars and cents? Perhaps not much, although reduced energy intensity and more solar usage might show up on an income statement in the form of lower energy costs. More important than the financial effects, though, is how the change endears the stock to ESG investors. ESG has become a popular movement among younger investors. According to research provider ETF Flows, annualized investment in companies that have marketed themselves as sympathetic to ESG concerns is expected to grow 40% this year. The more of that buying activity that Westport can attract, the more popular its shares could become -- especially now that it's proven itself capable of earning at least the occasional profit. 10 stocks we like better than Westport Fuel Systems Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Westport Fuel Systems Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source