期刊
SUSTAINABLE PRODUCTION AND CONSUMPTION
卷 30, 期 -, 页码 467-477出版社
ELSEVIER
DOI: 10.1016/j.spc.2021.12.023
关键词
Climate risk; Corporate carbon performance; Dynamic threshold model; Environment sensitivity
资金
- Beijing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era Center & Bei-jing Social Science Foundation [21LLLJC028]
- Key Program of the National Natural Science Foundation of China [72131011]
- Fundamental Research Funds for the Central Universities, Zhongnan University of Economics and Law [2722019JCG023]
- Zhongnan University of Economics and Law
This study creatively examines the impact of extreme national climate risk on corporate environmental performance in China and proposes an innovative approach based on economic input-output life cycle assessment to evaluate corporate carbon footprint. The findings suggest that an increase in national climate risk will lead to higher corporate carbon emissions, particularly when the climate risk score is in the high-risk range. Additionally, the effects of climate risk on corporate carbon performance vary among companies with different geographical locations and environmental restrictions. The research provides insights for relevant business leaders, policymakers, and investors in enhancing related policies.
This study creatively investigates the impact of extreme national climate risk on corporate environmental performance in the context of China. An innovative approach based on an assessment of the economic input-output life cycle is utilized to evaluate carbon footprint at the corporate level. We select the Chi-nese climate risk score calculated by Germanwatch to represent climate risk, and then test its effects on corporate carbon performance using the dynamic threshold model. The results indicate that an increase in national climate risk will promote corporate carbon emissions, which are more pronounced when the climate risk score is in the high-risk range. Furthermore, the effects of climate risk on corporate carbon performance differ across companies with different geographical locations and environmental restrictions. In addition, ownership and whether a company is listed on stock exchanges do not significantly affect the impact of climate risk on corporate carbon performance in China. Our findings reflect the subtle con-nections between Chinese companies and climate risk on the whole, and could help relevant business leaders, policymakers, and investors enhance related policies.(c) 2021 Institution of Chemical Engineers. Published by Elsevier B.V. All rights reserved.
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