How does ESG performance promote corporate green innovation?

Long, Han; Guo, Feng; Chang, Chun‐Ping

doi:10.1007/s10644-023-09536-2

Cited by 17 publications

(10 citation statements)

References 99 publications

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“…The research established a positive and statistically significant correlation between transformative leadership and firm performance. Long 2023 [75] and Mehedintu and Soava [79] concur that a company's performance is significantly influenced by its pioneering executives. However, transformational leadership does provide a competitive edge to organizations; the degree to which this advantage is actualized is contingent upon the specific operations of each company.…”

Section: Discussionmentioning

confidence: 99%

“…Moreover, this development promotes the extensive integration of renewable energy sources in developing nations like China. Ultimately, firms can enhance their sustained social, economic, and environmental development by leveraging digital technology to generate distinctive manufacturing processes and gain a competitive edge through continuous innovation [75]. The above discussion shows mixed and different findings in different contexts on the relationship between digital transformation and corporate sustainable performance.…”

Section: Corporate Sustainable Performance and Digital Transformationmentioning

confidence: 98%

“…In addition, digital transformation facilitates businesses in improving their environmental impact, optimizing resource utilization, and advocating for a circular economy that is more environmentally friendly. Initially, organizations can implement ecologically conscious protocols utilizing digital technology, reducing their environmental impact and other superfluous emissions [75].…”

Section: Corporate Sustainable Performance and Digital Transformationmentioning

confidence: 99%

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The Role of Digital Transformation, Corporate Culture, and Leadership in Enhancing Corporate Sustainable Performance in the Manufacturing Sector of China

Asif,

Yang,

Hashim

2024

Sustainability

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The Chinese manufacturing industry faces many challenges to sustainable development. This study examines how transformational leadership, corporate culture, and digital transformation affect Chinese manufacturing organizations’ sustainability. It will also examine the moderating role of environmental dynamism and the mediating effect of innovation capabilities. A self-administered survey was distributed to 350 manufacturing companies’ owners, managers, leaders, and employees, etc. Participants were selected via convenient sampling. This data collection effort validated findings and empirically tested theories. Smart PLS structural equation modelling (PLS-SEM), quantitative research, and cross-research are used in this study. The findings suggest that corporate culture, transformational leadership, and digital transformation significantly affect organizations’ sustainability. Innovation capability does not affect the relationship between corporate culture and sustainability. However, it mediates the relationship between transformational leadership, digital transformation, and business sustainability. Innovation capabilities and business sustainability performance are moderated by environmental dynamism. This study contributes to sustainable corporate performance theory by showing managers how transformational leadership, digital transformation, and corporate culture can help manufacturing companies grow indefinitely. The findings have major implications for China, a highly industrialized nation. This study could benefit regulatory authorities, academic institutions, industry, government agencies, and researchers.

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Section: Discussionmentioning

confidence: 99%

Section: Corporate Sustainable Performance and Digital Transformationmentioning

confidence: 98%

Section: Corporate Sustainable Performance and Digital Transformationmentioning

confidence: 99%

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The Role of Digital Transformation, Corporate Culture, and Leadership in Enhancing Corporate Sustainable Performance in the Manufacturing Sector of China

Asif,

Yang,

Hashim

2024

Sustainability

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“…Digital transformation promotes enterprises to control costs and improve resource utilization efficiency [14]. Notably, the correlation between ESG performance and green innovation varies among enterprises with different levels of digitizing [15]. Specifically, the augmentation of digitizing levels contributes to the diminution of management, innovation transactions, and contracting expenses, easing financial outcomes and fostering the advancement of green innovation [16].…”

Section: Introductionmentioning

confidence: 99%

Integrating ESG into Corporate Strategy: Unveiling the Moderating Effect of Digital Transformation on Green Innovation through Employee Insights

Sun,

Li,

Hong

2024

Systems

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With climate warming, the human living environment faces significant challenges, and global environmental protection and sustainable development are accelerating. As a result, ESG has become an essential area of research. This study explores the impact of employees’ perceptions of corporate ESG performance on green innovation, focusing on the moderating role of digital transformation. A survey was conducted among 316 employees from the wholesale, retail, IT, and computer services industries to validate this study. Research results show that employees’ cognitions of corporate ESG performance have a positive impact on green innovation. In addition, digital transformation plays a positive moderating role in the impact of the environmental (E) and social (S) dimensions of ESG performance on green innovation. These findings not only highlight the critical role of personal awareness and ESG management concepts in future corporate strategies but also indicate the importance of the extent of digital transformation in companies to improve innovation performance.

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“…Companies with good ESG performance typically excel in areas like environmental protection, resource utilization, and energy efficiency, helping them reach carbon reduction goals (Sun et al, 2023;Li et al, 2023c). These companies also tend to have more investment and financing opportunities, as many investors and financial institutions now lean towards supporting businesses with commendable ESG records (Long et al, 2023;Xu et al, 2023;Zhang et al, 2023b). However, despite the widely acknowledged importance of ESG, how companies can ensure effective carbon reduction and other ESG goals while pursuing economic gains remains a challenge in practice.…”

Section: Introductionmentioning

confidence: 99%

Carbon reduction effect of ESG: empirical evidence from listed manufacturing companies in China

Ye,

2023

Front. Ecol. Evol.

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Against the backdrop of global climate change, corporate carbon emissions have increasingly become a focal point, making carbon reduction by companies a pivotal issue. Based on data from Chinese listed manufacturing companies from 2010 to 2020, this paper explores the impact of ESG performance on carbon reduction. The results indicate that ESG performance significantly reduce corporate carbon emissions. Green technology innovation, corporate efficiency, and managerial short-sightedness are vital channels through which ESG promotes corporate carbon reduction. For companies with different environmental regulations, industry competition intensities, and capital intensities, the relationship between ESG performance and carbon reduction varies significantly. Notably, we found that in companies with strict environmental regulations, intense industry competition, and high capital intensity, the carbon-reducing effect of ESG performance is more pronounced. Furthermore, digital transformation positively moderates the relationship between ESG performance and carbon reduction. This study not only provides new empirical evidence for understanding the impact of ESG performance on carbon reduction but also offers valuable insights for businesses and policymakers to promote corporate efforts in carbon reduction and achieve China’s “Dual Carbon” goals.

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How does ESG performance promote corporate green innovation?

Cited by 17 publications

References 99 publications

The Role of Digital Transformation, Corporate Culture, and Leadership in Enhancing Corporate Sustainable Performance in the Manufacturing Sector of China

The Role of Digital Transformation, Corporate Culture, and Leadership in Enhancing Corporate Sustainable Performance in the Manufacturing Sector of China

Integrating ESG into Corporate Strategy: Unveiling the Moderating Effect of Digital Transformation on Green Innovation through Employee Insights

Carbon reduction effect of ESG: empirical evidence from listed manufacturing companies in China

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