ESG Performance, New-QualityProductive Forces, and Corporate Carbon Emission Reduction
DOI:
https://doi.org/10.6981/FEM.202512_6(12).0009Keywords:
Corporate ESG; New-Quality Productive Forces; Carbon Emission Reduction.Abstract
Drawing on data from Chinese A-share private listed enterprises covering the period 2011–2022, this research investigates the interrelationships between ESG performance, new-quality productive forces (NQF), and carbon emission reduction through the integrated application of dynamic threshold modeling, instrumental variable two-stage least squares (IV-2SLS), and the Generalized Method of Moments (GMM) approach. Benchmark regression results demonstrate that NQF exerts a suppressive effect on carbon emission growth. Notably, this inhibitory impact is more pronounced when a firm’s ESG performance lies within the high-threshold interval compared to the low-threshold range. In other words, once a company’s ESG performance surpasses the identified threshold value, it reinforces the carbon emission reduction effect of NQF. The findings of this study not only deepen the understanding of how the "technology-powered nation" strategy-epitomized by the development of NQF-influences carbon emissions but also offer theoretical underpinnings for enterprises aiming to enhance their ESG performance. Additionally, they provide actionable insights for local governments to improve environmental outcomes, capitalize on the development opportunities presented by NQF, and unlock new avenues for low-carbon development.
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