Smarter is greener: can intelligent manufacturing improve enterprises’ ESG performance?

Environmental, Social, and Governance (ESG) is highly consistent with the “Dual Carbon” goals proposed by China and has become an important indicator to measure enterprises’ high-quality development. This study explores the impact of intelligent manufacturing on corporate ESG performance and its potential mechanisms. Using the dataset of China’s A-share listed companies from 2009 to 2021, we treat the intelligent manufacturing pilot programs (IMPP) as a quasi-natural experiment and use the staggered difference-in-difference model for empirical analysis. The results show that corporate ESG performance is significantly improved after participating in IMPP, and the placebo and entropy balancing tests further…

• NN
  National Natural Science Foundation of China
• HU
  Hainan University