Unveiling the Impact of ESG rating divergence on corporate carbon performance: the mediating role of green innovation
ESG格付けの不一致が企業の炭素パフォーマンスに与える影響：グリーンイノベーションの媒介効果 (AI 翻訳)
Aamir Ali, Shah Mehmood Wagan
🤖 gxceed AI 要約
日本語
本研究は、中国A株上場企業を対象に、ESG格付けの不一致が企業の炭素パフォーマンスに与える影響を実証分析した。その結果、ESG格付けの不一致はグリーンイノベーションを阻害し、それによって炭素パフォーマンスを低下させることが明らかになった。COVID-19パンデミック後にはその悪影響が強化された。この結果は、標準化されたESG開示と評価手法の調和の必要性を示唆している。
English
This study investigates the impact of ESG rating divergence on corporate carbon performance using Chinese A-share listed firms. It finds that ESG rating divergence significantly reduces carbon performance by hindering green innovation. The negative effect intensified after the COVID-19 pandemic. The findings highlight the need for standardized ESG disclosure and harmonized rating methodologies.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJによるサステナビリティ開示基準の策定が進む中、ESG格付けの不一致問題は投資家や企業にとって重要な課題である。本研究成果は、日本の企業や規制当局に対して、開示の標準化と格付け手法の調和に向けた政策的含意を提供する。
In the global GX context
Globally, the proliferation of ESG rating agencies and persistent rating divergence undermines the credibility of ESG investing. This study provides empirical evidence from China, a major emerging economy, that rating divergence negatively impacts corporate carbon performance through reduced green innovation. The results support ongoing efforts by IOSCO, ISSB, and others to standardize ESG disclosure and rating methodologies.
👥 読者別の含意
🔬研究者:This paper offers new empirical evidence on the real effects of ESG rating divergence, particularly on carbon performance and green innovation.
🏢実務担当者:Corporate sustainability teams should note that inconsistent ESG ratings can impede their carbon reduction efforts by discouraging green innovation.
🏛政策担当者:Policymakers should consider the adverse effects of rating divergence when designing disclosure standards and rating regulation.
📄 Abstract（原文）
Environmental, Social, and Governance (ESG) investing has emerged as a critical trend in global financial markets. However, the persistent disparity in ESG ratings undermines their reliability and utility, posing challenges for stakeholders in assessing corporate sustainability. To validate how ESG rating divergence meaningfully impact on aggregate outcomes. To answer this question, present study investigates the impact of ESG rating divergence on corporate carbon performance, emphasizing the mediating role of corporate green innovation. Using Chinese A-share listed firms, the findings reveal that ESG rating divergence significantly reduces corporate carbon performance. The study identifies a novel mechanism where ESG rating divergence hampers green innovation, which subsequently weakens corporate carbon performance. Robustness checks using instrumental variables, and alternative measures confirm the reliability of the findings. Notably, the adverse impact of ESG rating divergence intensified after the COVID-19 pandemic, reflecting the evolving dynamics of corporate sustainability challenges. This study is among the first to explore the intricate relationship between ESG rating divergence, green innovation, and carbon performance in the context of a major emerging economy. The findings underscore the urgent need for standardized ESG disclosure practices and harmonized rating methodologies to minimize divergence and enhance transparency. Policymakers, regulators, and investors are urged to address these issues to foster innovation, meet stakeholder expectations, and support the global transition to a low-carbon economy, ensuring sustainable corporate growth.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.30574/wjarr.2026.30.2.1447first seen 2026-07-18 07:35:11
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