The progress of digital technology has given new impetus to green transformation and climate risk management for enterprise.Based on the theoretical framework of ESG,this paper takes Chinese A-share listed firms from 2011 to 2021 as our sample,and investigates the impact of enterprise digitalization on ESG activities.The empirical result shows that enterprise digitalization can significantly promote the high-quality of ESG activities.The mechanism tests show that the governance effect of enterprise digitalization on ESG activities is achieved by green innovation ability,social responsibility contract performance and corporate governance efficiency.Further testing the multidimensional heterogeneity related to micro enterprise climate risks,meso high carbon industry and macro climate policy,which show that the positive effect of enterprise digitalization on ESG activities is more pronounced in situa-tion with higher risk of enterprise climate,high carbon industry and non-low-carbon pilot construction areas.Finally,from the perspective of spillover effect of digital transformation,the enterprise ESG activities empowered by digitalization has significant spillover effect in the same industry and same re-gion.This paper brings the dividend effect of digital technology progress into enterprise ESG management and climate risk governance,which contributes to integrating the beneficial innovation of digital economy and climate economics theory,and it is of great significance to fulfill enterprise ESG responsibili-ties and rapidly cultivate the green productivity.
万方数据
维普
