“…Companies are increasingly are incorporating corporate land sustainability goals into their strategic objectives and business practices, and ESG is an important approach and pathway for companies to achieve their SDGs (Long et al, 2022;Rosati & Faria, 2019;Tsalis et al, 2020;Yang et al, 2022;Yin et al, 2022a;Yin et al, 2023a). Rather than focusing solely on financial metrics like profits and growth, companies that adhere to ESG principles also consider metrics related to the company's environment, social, and governance impacts (Peng et al, 2023;Saini et al, 2022;Xie et al, 2019;Yin et al, 2022b;Yin et al, 2023b;Zou et al, 2023). 1 Good ESG performance is required for businesses to realize win-win economic, social, and environmental benefits, which can bolster investor confidence in corporate expansion and lead to a virtuous capital cycle (Sadiq et al, 2023).…”