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Academic Journal of Business & Management, 2024, 6(12); doi: 10.25236/AJBM.2024.061220.

Research on the Impact of ESG Performance on Corporate Green Innovation

Author(s)

Lin Xue

Corresponding Author:
Lin Xue
Affiliation(s)

Shandong University of Technology, Zibo, China

Abstract

Facing the severe challenges brought by global climate change, sustainable development has become a common consensus and pursuit goal in the international community. Against this backdrop, China actively advocates the new development concept of "innovation, coordination, green, openness, and sharing," and has clearly proposed the strategic goals of "carbon peak" and "carbon neutrality." As the main body of economic activities, corporate green innovation has gradually become a key factor in reducing environmental pollution, implementing the new development concept, and achieving the "dual carbon" goals. However, enterprises often face a series of challenges on the road to advancing green innovation, such as high research and development costs, uncertain market acceptance, and technological risks. ESG performance is gradually showing more important roles in enhancing corporate green and sustainable development competitiveness. This paper aims to explore the impact of ESG performance on green innovation and propose strategies to optimize ESG performance to promote corporate green innovation. By deeply analyzing the intrinsic connection between ESG performance and green innovation, it aims to jointly promote the global sustainable development process.

Keywords

ESG performance, green innovation, corporate sustainability, dual carbon goals, sustainable development

Cite This Paper

Lin Xue. Research on the Impact of ESG Performance on Corporate Green Innovation. Academic Journal of Business & Management (2024) Vol. 6, Issue 12: 144-149. https://doi.org/10.25236/AJBM.2024.061220.

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