Under the ESG Dome of China

Binbin Yang and Sang Do Park ()
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Binbin Yang: Department of International Commerce and Business, Graduate School of Konkuk University, Seoul 05029, Republic of Korea
Sang Do Park: Department of Global Business, Konkuk University, Seoul 05029, Republic of Korea

Sustainability, 2024, vol. 16, issue 16, 1-23

Abstract: Implementing ESG is crucial for China’s modernization journey and corporate sustainability. To deeply understand the current standing of ESG in China, this study leverages online data richness using text mining techniques, specifically Latent Dirichlet Allocation (LDA) and ego network analysis. LDA is utilized to identify prevalent discussion topics on ESG, while ego network analysis is applied to examine the relationships and influences among key stakeholders. The scientific aim of this research is to identify prevalent ESG discussion topics, examine the relationships and influences among stakeholders, and determine core ESG focus areas on Chinese society. The findings highlight popular discussion topics such as ESG investment, the ESG notion, green finance transformation, and ESG rating. These topics underscore China’s growing concern for environmental protection and social responsibility. The core discussion areas focus on sustainable development, company social responsibility, and eco-friendliness, framing harmonized progress across economic, social, and environmental realms. Interestingly, governance discourse is sparse; the reasons are analyzed. Through the analysis of online discussions on China’s ESG, this study aims to enhance policymakers’ and participants’ understanding of the true status of China’s ESG, being of practical significance for policy formulation and appropriate ESG strategies.

Keywords: ESG; ESG issue; text mining; Latent Dirichlet Allocation (LDA); ego network; governance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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