Research On the Impact Mechanism of Enterprise Digital Transformation on The Coupled and Coordinated Development of ESG Under Different Types of Enterprises

In the current era where the wave of digitalization is deeply integrated with the concept of sustainable development, the relationship between corporate digital transformation and ESG (Environmental, Social, and Governance) practices has garnered significant attention. This study, based on data from A-share listed companies on the Shanghai and Shenzhen stock exchanges from 2015 to 2022, delves into the impact of corporate digital transformation on the coupling coordination development index of ESG. By employing a two-way fixed effects model for data analysis, the results indicate that the degree of corporate digital transformation significantly enhances the performance of the ESG coupling coordination index. Through heterogeneity analysis of different types of enterprises (state-owned enterprises vs. non-state-owned enterprises), it is found that the impact of digital transformation on the ESG coupling coordination index is more pronounced in non-state-owned enterprises. Finally, based on the above conclusions,this study provides relevant policy recommendations for enterprises to precisely formulate digital transformation strategies to promote the coordinated development of ESG.