RESEARCH ARTICLE
Climate transition risk and corporate environment, social and governance performance: Evidence from Chinese listed companies
Jinyu Chen,
Yixin Qiu,
Qian Ding,
Yuan Geng,
Jinyu Chen
School of Business, Central South University, Changsha, China
Institute of Metal Resources Strategy, Central South University, Changsha, China
Search for more papers by this authorYixin Qiu
School of Business, Central South University, Changsha, China
Search for more papers by this authorCorresponding Author
Qian Ding
School of Business, Central South University, Changsha, China
Correspondence
Qian Ding, School of Business, Central South University, Changsha 410083, China.
Email: [email protected]
Search for more papers by this authorYuan Geng
School of Business, Central South University, Changsha, China
Search for more papers by this authorJinyu Chen,
Yixin Qiu,
Qian Ding,
Yuan Geng,
Jinyu Chen
School of Business, Central South University, Changsha, China
Institute of Metal Resources Strategy, Central South University, Changsha, China
Search for more papers by this authorYixin Qiu
School of Business, Central South University, Changsha, China
Search for more papers by this authorCorresponding Author
Qian Ding
School of Business, Central South University, Changsha, China
Correspondence
Qian Ding, School of Business, Central South University, Changsha 410083, China.
Email: [email protected]
Search for more papers by this authorYuan Geng
School of Business, Central South University, Changsha, China
Search for more papers by this authorFirst published: 16 September 2024
Abstract
Using a sample taken from Chinese A-share listed companies from 2010 to 2020, we explore the effect of climate transition risk on corporate environment, social and governance (ESG) performance. Our finding shows that climate transition risk promotes corporate ESG performance. In addition, we discover that equity incentives play an important positive moderating role in the above relationship. Compared with positive media tone, the positive effect of climate transition risk on corporate ESG performance is more significant under the moderating effect of a negative media tone. Further analyses find that there exists a more prominent relationship between climate transition risk and corporate ESG performance in non-state-owned enterprises, enterprises with more female directors, and enterprises in highly market-oriented regions. Our findings provide a reference to improve ESG practice to achieve corporate sustainable development and provide practical suggestions for better dealing with climate transition risk.
CONFLICT OF INTEREST STATEMENT
The authors declare no conflicts of interest.
Open Research
DATA AVAILABILITY STATEMENT
The data that support the findings of this study are available from the corresponding author upon reasonable request.
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