Using Classic Outlook on Windows for personal email, calendar, and contact management
No, PST files allow you to horde emails... PST's were inaccessible to everyone except the archive owner, which makes it impossible to retrieve, what is typically corporate information, by anyone else.
Email of business value should be recorded in your company's information repository, most likely your SharePoint site that is pertinent to the business activity to which the email references. This way, the enterprise, or at least those with access to the SP site can utilize it as an information asset.
If they are being used for reference, then I highly suggest that you start to use one note to organize your reference material. You can even drop the pertinent email into the note page.