Exploring Key Factors Influencing ESG Commitment: Evidence from Taiwanese Listed Companies

Kai-Chao Yao, Cheng-Chang Lai, Wen-Jye Shyr (), Da-Fang Chou and Kun-Ming Huang
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Kai-Chao Yao: Department of Industrial Education and Technology, National Changhua University of Education, No. 1, Jin-De Rd., Changhua 500, Taiwan
Cheng-Chang Lai: Department of Industrial Education and Technology, National Changhua University of Education, No. 1, Jin-De Rd., Changhua 500, Taiwan
Wen-Jye Shyr: Department of Industrial Education and Technology, National Changhua University of Education, No. 1, Jin-De Rd., Changhua 500, Taiwan
Da-Fang Chou: Department of Industrial Education and Technology, National Changhua University of Education, No. 1, Jin-De Rd., Changhua 500, Taiwan
Kun-Ming Huang: Department of Industrial Education and Technology, National Changhua University of Education, No. 1, Jin-De Rd., Changhua 500, Taiwan

Sustainability, 2025, vol. 17, issue 13, 1-22

Abstract: This study addresses critical Environmental, Social, and Governance (ESG) research gaps in Asia by developing a validated and holistic framework tailored to Taiwanese listed companies. Integrating the Resource-Based View (RBV), Institutional Theory, and Stakeholder Theory, the framework encompasses five key dimensions relevant to ESG commitment: Corporate Governance, Regulatory Pressure, Stakeholder Influence, Financial Performance, and ESG Implementation. This study adopts a two-round Delphi method involving 15 cross-sector ESG experts and uses a 7-point Likert scale questionnaire to validate 40 ESG sub-indicators. The research offers significant theoretical and practical contributions. Academically, it integrates multiple theoretical perspectives, providing a more comprehensive and enriched understanding of the key drivers influencing ESG commitment. It offers robust empirical validation within the specific Taiwanese context, thereby contributing to the body of knowledge in ESG research. Practically, it provides structured guidance for enhancing ESG readiness, empowering companies to implement more effective and impactful ESG strategies, and offers a practical tool for improving ESG performance. Furthermore, this framework’s adaptability positions it as a scalable model for ESG assessment and strategic alignment across Asia, providing valuable insights for policymakers and businesses seeking to advance sustainable development in the region.

Keywords: ESG commitment; Taiwanese listed companies; key factors; resource-based view (RBV); institutional theory; stakeholder theory; Delphi method (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2025
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