Economic vulnerabilities and sustainability in energy utilities: Managing climate change in the face of geopolitical turmoil

Qunyang Du, Mengzhe Xue, Zhongyuan Li, Anna Min Du and Tianle Yang

Research in International Business and Finance, 2024, vol. 71, issue C

Abstract: This study investigates the implications of climate change on the environmental management strategies adopted by Chinese energy utility companies over the period from 2008 to 2021. The study highlights that an increase in temperatures correlates with a greater likelihood of these firms implementing environmental management strategies. This tendency is particularly pronounced among companies characterized by lower revenue levels, elevated operational costs, increased media scrutiny, or a comparatively weaker commitment to social responsibilities. Additionally, the analysis reveals that improved carbon performance mitigates this effect, whereas state ownership amplifies the observed trends. This research contributes to understanding the dynamic interplay between climate change and corporate environmental strategy within the context of Chinese energy utilities.

Keywords: Economic vulnerabilities; Sustainability; Energy utility enterprise; Climate change; Environmental management strategy (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0275531924002290
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:71:y:2024:i:c:s0275531924002290

DOI: 10.1016/j.ribaf.2024.102436

Access Statistics for this article

Research in International Business and Finance is currently edited by T. Lagoarde Segot

More articles in Research in International Business and Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().