From uncertainty to sustainability: How climate policy uncertainty shapes corporate ESG?

This study provides novel empirical evidence on how climate policy uncertainty influences corporate Environmental, Social, and Governance (ESG) performance, highlighting key mechanisms that shape this relationship. Using panel data from Chinese A-share listed companies between 2009 and 2022, the findings reveal that heightened climate policy uncertainty significantly weakens corporate ESG performance by increasing operational risks and complicating resource allocation. The study further identifies critical moderating mechanisms. Green technological innovation mitigates these adverse effects by enhancing firms’ adaptability to policy changes, while improved information transparency reduces perceived uncertainty…

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  National Office for Philosophy and Social Sciences

  Award: 22&ZD053