Enterprise ESG performance is the key point to achieving the goal of “dual carbon goals” in China, and the improvement of the digital level can effectively promote green transformation and high-quality development of enterprises. This paper focuses on the A-share listed companies in Shanghai and Shenzhen from 2010 to 2022. The empirical study shows that digital transformation has significantly improved the ESG performance of enterprises. After passing a series of tests such as the tool variable method and PSM-DID, the results are still stable. The digital transformation of enterprises can improve their ESG performance by improving their own green technology innovation level and enterprise responsibility awareness, reducing supply chain concentration and corporate risk. Tertiary industry, eastern enterprises, non-heavy polluting enterprises, and enterprises with high financing costs can achieve better ESG performance at a higher degree of digital transformation, and the promotion of big data and artificial intelligence technology is more significant. The research in this paper shows that it is of great significance to give full play to the role of enterprise digital transformation in promoting ESG performance, and to realize the coordinated and sustainable development of green transformation and the goal of “dual carbon goals”.
Li Yang (Mon,) studied this question.