The Impact of Corporate ESG Performance on Regional Energy Efficiency in China from the Perspective of Green Development
In the context of pursuing green and low-carbon transformation, exploring how to improve regional energy efficiency in China is significant. This paper takes the Chinese A-share listed companies in Shanghai and Shenzhen from 2009 to 2023 as the research object to empirically test the relationship between corporate ESG performance and regional energy efficiency. The results show that the ESG performance of enterprises has significantly improved energy efficiency in China. A mechanism analysis reveals that corporate ESG practices help alleviate financing constraints, reduce agency costs, and enhance information transparency, promoting regional energy efficiency.
Authors
- Richard Li (ORCID: https://orcid.org/0000-0001-6039-6180)
- Ruoyun Zhao (ORCID: https://orcid.org/0000-0002-1223-3333)
- Linan Wang (ORCID: https://orcid.org/0000-0002-1014-8776)
Institutions
- Jilin University of Finance and Economics (CN)
Publication Details
- Journal
- Sustainability
- Published
- 2025-03-11
- DOI
- https://doi.org/10.3390/su17062465
- Citations
- 1
- Primary Topic
- Energy, Environment, Economic Growth
- Type
- article
- Field-Weighted Citation Impact
- 3.13