ESG-driven supply chains: A path to energy transition
ESG主導のサプライチェーン：エネルギー転換への道筋 (AI 翻訳)
Yishuang Liu, Xiujie Tan
🤖 gxceed AI 要約
日本語
本研究は、中国A株製造企業の2009～2021年のデータを用い、ESGパフォーマンスが企業内およびサプライチェーン全体のグリーンイノベーションを促進するかを検証。下流企業のESGが上流企業のグリーンイノベーションを有意に向上させることが示された。資金制約やメディア注目などがメカニズムとして機能し、エネルギー転換におけるサプライチェーン伝達の重要性を強調する。
English
Using matched supplier-customer data for Chinese A-share manufacturing firms (2009-2021), this study examines whether corporate ESG performance promotes green innovation within firms and across supply chains. It finds that downstream ESG performance increases upstream green innovation quantity by 15.63% and quality by 11.06%, with financing constraints, media attention, and investor supervision as mechanisms. The effect is stronger in financially developed regions and outside heavy-pollution sectors, highlighting the role of ESG-driven supply chain transmission in the energy transition.
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
本論文は中国企業を対象としているが、日本でもESG評価とサプライチェーン連鎖の関係は重要。SSBJ開示基準や有報でのサプライチェーン情報開示が進む中、下流企業のESGが上流企業のグリーンイノベーションを促すエビデンスは、日本企業のバリューチェーン全体での脱炭素戦略に示唆を与える。
In the global GX context
This paper provides robust empirical evidence from China on how ESG performance transmits through supply chains to drive green innovation. Globally, as frameworks like ISSB and CSRD emphasize supply chain emissions and sustainable value chains, the finding that downstream ESG leads upstream innovation is directly relevant to disclosure and transition finance strategies. It supports the notion that ESG can spur energy transition beyond firm-level actions.
👥 読者別の含意
🔬研究者:Provides evidence on ESG transmission mechanisms and green innovation in supply chains, with implications for disclosure and transition finance research.
🏢実務担当者:Highlights that downstream ESG performance can incentivize upstream green innovation; useful for corporate sustainability strategy and supplier engagement programs.
🏛政策担当者:Suggests that policies promoting ESG disclosure in downstream sectors can have cascading effects on upstream innovation, supporting broader energy transition goals.
📄 Abstract（原文）
The energy transition in manufacturing depends not only on cleaner technologies but also on whether sustainability-related incentives flow through supply chain relationships and drive green innovation. This study examines whether corporate ESG performance promotes green innovation within the company and across its connected supply chain, using matched supplier customer data for Chinese A share manufacturing companies from 2009 to 2021. It was found that: (1) Better ESG performance is associated with stronger green innovation in the focal company, with increases of 6.96 per cent in innovation quantity and 6.20 per cent in innovation quality. (2) Within the supply chain, the stronger transmission runs from downstream companies to upstream companies. Downstream ESG performance is associated with increases of 15.63 per cent in green innovation quantity and 11.06 per cent in green innovation quality in upstream companies, while the reverse direction is not robustly supported. (3) Financing constraints, equity financing costs, debt financing costs, media attention, and institutional investor supervision help explain this pattern. (4) The effect is stronger outside the “two high and one surplus” sectors and in regions with higher financial development and market liberalisation. ESG-induced green innovation is also associated with higher patent complexity, suggesting short-term economic value. These findings indicate that ESG can support the energy transition not only through company-level governance, but also through downstream-led supply chain transmission that strengthens green innovation incentives.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1016/j.sftr.2026.101937first seen 2026-05-29 05:07:03 · last seen 2026-06-03 05:06:01
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