Those Who Are Close to Vermilion Are Red:Can Customers Included in the Carbon Emissions Trading Pilot Affect Corporate ESG Performance?
Green is the brightest background color for achieving high-quality development.It took the"dual carbon"goal as the background and empirically tested the impact of customers included in the carbon emission trading pilot on corporate ESG performance based on the binary supply chain relationship between enterprises and customers.Research shows that:customers included in the carbon emissions trading pilot significantly improve corporate ESG performance.A multidimensional study on corporate ESG performance shows that customers included in the carbon emission trading pilot have a significant improvement effect on the"E"and"S"dimensions of corporates,while the improvement effect on the"G"dimension performance is not significant.Customers included in the carbon emissions trading pilot improve corporate ESG performance through the reverse forcing effect.In the short term,customers included in the pilot program of carbon emission trading force enterprises to"end of pipe governance",while in the long run,they are forcing corporates to"take preventive measures"at the front end.When in a low-carbon pilot city in a high-carbon emission industry,customers included in the carbon emissions trading pilot have a more significant effect on improving ESG performance.The improvement of corporate ESG performance doesn't directly increase corporate value,but customers included in the carbon emission trading pilot force companies to increase their environmental investment and green technology innovation,thereby promoting a significant increase in corporate ESG performance and long-term effectiveness.Based on the new research perspective of customers included in the carbon emission trading pilot program,it reveals the incentive compatibility mechanism between low-carbon emission reduction and ESG practice.It not only provides new ideas for a deep understanding on the micro effects of China's carbon pilot program,but also has important practical significance for promoting the construction of a beautiful China and achieving high-quality economic development.
carbon emissions tradingbig customercorporate ESG performancereverse forcing effectlow carbon development
NETL
NSTL
万方数据
维普
