Analysis reveals intelligent manufacturing enhances corporate ESG performance, suggesting new pathways for companies.
Faced with the global ecological crisis of climate deterioration, biodiversity collapse, and resource overexploitation, corporate ESG (environmental, social, and governance) performance has received increasing attention. This paper examines the impact of intelligent manufacturing on corporate ESG performance by analyzing a sample of A-share manufacturing firms listed on the Shanghai and Shenzhen Stock Exchanges in China from 2011 to 2023, leveraging China's Intelligent Manufacturing Demonstration Project as a quasi-natural experiment. Results indicate that intelligent manufacturing significantly enhances ESG performance. Mechanism analysis reveals three pathways: stimulating green innovation, facilitating human capital upgrading, and amplifying media attention. These findings provide innovative paths for companies to improve ESG performance in Industry 4.0.
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Zhu et al. (2025) studied this question.
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