The Impact of Corporate ESG Performance on Regional Energy Efficiency in China from the Perspective of Green Development

Linan Wang, Rixin Li () and Ruotong Zhao
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Linan Wang: School of Accounting, Jilin University of Finance and Economics, Changchun 130117, China
Rixin Li: School of Accounting, Jilin University of Finance and Economics, Changchun 130117, China
Ruotong Zhao: School of Accounting, Jilin University of Finance and Economics, Changchun 130117, China

Sustainability, 2025, vol. 17, issue 6, 1-22

Abstract: In the context of pursuing green and low-carbon transformation, exploring how to improve regional energy efficiency in China is significant. This paper takes the Chinese A-share listed companies in Shanghai and Shenzhen from 2009 to 2023 as the research object to empirically test the relationship between corporate ESG performance and regional energy efficiency. The results show that the ESG performance of enterprises has significantly improved energy efficiency in China. A mechanism analysis reveals that corporate ESG practices help alleviate financing constraints, reduce agency costs, and enhance information transparency, promoting regional energy efficiency.

Keywords: green development; corporate ESG performance; regional energy efficiency; analyst focus (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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