Background and Motivation
As global climate risks intensify, climate policy uncertainty (CPU) has emerged as a critical challenge for businesses worldwide. While environmental, social, and governance (ESG) performance has gained prominence as a driver of sustainable development and investment decisions, the relationship between CPU and corporate ESG strategies remains underexplored. This study addresses a key gap in the literature by investigating how rising CPU—driven by evolving climate policies—impacts ESG performance in Chinese listed companies. China Finance Review International (CFRI) is pleased to present the paper titled “Climate policy uncertainty and corporate ESG performance: evidence from Chinese listed companies”, which identifies actionable strategies for firms to mitigate risks and enhance resilience in a rapidly changing regulatory and environmental landscape.
Methodology and Scope
The study employs a robust panel regression analysis using data from 4,490 Chinese A-share listed companies across 12 industries from 2011 to 2022. To ensure reliability, researchers utilised advanced econometric techniques, including:
Key Findings and Contributions
Why It Matters
This research holds critical implications for stakeholders:
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China Finance Review International
News article
Climate policy uncertainty and corporate ESG performance: evidence from Chinese listed companies
11-Mar-2025