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DOI | 10.1016/j.jenvman.2024.120923 |
ESG practices mitigating geopolitical risks: Implications for sustainable environmental management | |
发表日期 | 2024 |
ISSN | 0301-4797 |
EISSN | 1095-8630 |
起始页码 | 358 |
卷号 | 358 |
英文摘要 | As climate change and geopolitical conflicts intensify, understanding how geopolitical risks affect companies prioritizing Environmental, Social, and Governance (ESG) practices is crucial. This study investigates the dynamic relationship between global geopolitical risks and the performance of Environmental, Social, and Governance (ESG) and non-ESG companies, particularly their influence on green markets. Utilizing a robust methodological framework, including the dynamic time-varying parameters vector autoregression (TVP-VAR) model, and causal impact modeling, we analyze daily financial data from 2021 to 2024. The results reveal a substantial negative impact of geopolitical risks on non-ESG companies, contrasting with the resilience of ESGcommitted counterparts. This suggests that ESG-committed companies demonstrate better resilience against geopolitical risks, emphasizing the protective role of ESG practices amid uncertainties. Additionally, the inclusion of ESG companies in green markets diminishes the severity of the negative impact of geopolitical risks, underlining the transformative role of ESG commitment in shaping investor behavior towards sustainable investments. Our findings offer insights for policymakers and investors navigating geopolitical risks and ESG performance, with a focus on environmental management, and provide guidance for effective risk mitigation and investment policies to enhance environmental sustainability. |
英文关键词 | ESG; Global geopolitical risks; Russia-Ukraine conflict; Green bonds; Clean energy |
语种 | 英语 |
WOS研究方向 | Environmental Sciences & Ecology |
WOS类目 | Environmental Sciences |
WOS记录号 | WOS:001233667100001 |
来源期刊 | JOURNAL OF ENVIRONMENTAL MANAGEMENT
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文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/293119 |
作者单位 | Ural Federal University; Middle East University |
推荐引用方式 GB/T 7714 | . ESG practices mitigating geopolitical risks: Implications for sustainable environmental management[J],2024,358. |
APA | (2024).ESG practices mitigating geopolitical risks: Implications for sustainable environmental management.JOURNAL OF ENVIRONMENTAL MANAGEMENT,358. |
MLA | "ESG practices mitigating geopolitical risks: Implications for sustainable environmental management".JOURNAL OF ENVIRONMENTAL MANAGEMENT 358(2024). |
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