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DOI10.1016/j.jenvman.2024.120923
ESG practices mitigating geopolitical risks: Implications for sustainable environmental management
发表日期2024
ISSN0301-4797
EISSN1095-8630
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
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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