Research on the Impact of Digital Transformation on Enterprise ESG Performance: Based On the Perspective of Enterprise Dynamic Capability

At a time when more attentions are paid to green environmental protection at home and abroad, enterprises need more driving forces to do ESG practices. Digital transformation with the help of digital technology, this new quality productivity provides enterprises with a new way of thinking and power to enhance ESG performance. Explore whether digital transformation can enable ESG performance of enterprises, so as to provide certain practical significance for enterprises to firmly carry out digital transformation, improve ESG performance of enterprises, and obtain new sustainable competitive advantages of enterprises. This paper focuses on the empirical study of the relationship between digital transformation and ESG performance of Shanghai-Shenzhen A-share listed multinational enterprises from 2011 to 2022, and explores the mechanism of digital transformation affecting ESG performance from the perspective of dynamic capabilities of enterprises. The results show that the degree of digital transformation has a positive relationship with ESG performance. Based on the research conclusions, the following suggestions are put forward: At the government level, the government should provide strong policy guidance and resource support for the promotion of digital transformation, solve difficulties and dredge blocked points. Continue to deepen the understanding of ESG concept, expand the influence of ESG, guide enterprises to take the initiative to practice ESG concept, cope with the voice of foreign countries in the ESG field, and support the acceleration of the construction of ESG rating system with unique Chinese characteristics. At the enterprise level, enterprises should integrate digital transformation into corporate strategy and management activities, actively seize the opportunities of digital development to achieve green transformation, improve the quality of internal control, and lay a good foundation for sustainable development of enterprises.