Does green finance facilitate firms in achieving corporate social responsibility goals?

Wang, Zhuo; Shahid, Muhammad Sadiq; An, Nguyen Binh; Shahzad, Mohsin; Abdul-Samad, Zulkiflee

doi:10.1080/1331677x.2022.2027259

Cited by 60 publications

(16 citation statements)

References 54 publications

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“…The CSR objectives and Green Finance's Economic Factor CSR has rapidly become a standard in its field as a result of its shown capacity to improve a company's bottom line, set it apart from its rivals, and heighten the value it is considered to hold in the eyes of consumers. Despite its ability to assist businesses in improving both their operational and financial success, corporate social responsibility (CSR) has the paradoxical effect of leading to more contributions to CSR when those businesses' financial positions improve (Wang, Shahid, Binh An, Shahzad, & Abdul-Samad, 2022). This is true despite the fact that CSR can help businesses.…”

Section: 4mentioning

confidence: 99%

Role of Green Finance in Attaining Corporate CSR Goals

Kamran

Ambreen

Kiran

et al. 2022

Pak. J. Humanit. Soc. Sci

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To achieve sustainable development goals, economies are increasingly adopting a green financing strategy. Socioeconomic and environmental initiatives are required for the long-term growth of the firm. CSR developed as a strategy to foster social harmony via the sustained prosperity of corporations. However, in order for organizations to remain consistent with their CSR and sustainability objectives, enormous resources are required. This study explores how green finance contributes to accomplishing, succeeding at, and strengthening CSR in the banking sector. Primary information was gathered from 320 workers in the Pakistani banking sector in order to establish the relationship between the variables used in this study. Green financing and its environmental, economic, and social considerations contribute to the improvement of CSR's numerous aspects, as shown by survey data. The results demonstrated a positive relationship between green finance dimensions and CSR goals. Based on these findings, the researcher concludes the hat financial services industry should put more resources into cultivating CSR behaviours.

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Section: 4mentioning

confidence: 99%

Role of Green Finance in Attaining Corporate CSR Goals

Kamran

Ambreen

Kiran

et al. 2022

Pak. J. Humanit. Soc. Sci

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“…This year’s total green bond issuance was US$55.8 billion, accounting for 22% of world issues, according to the Climate Bond Initiative (CBI) ( Abbas et al, 2020 , 2021 ; Iqbal et al, 2021c ; Zeng et al, 2022 ). Interest in green finance and its impact on economic and environmental sustainability has grown in recent years, as green finance has become more widely available ( Zhou et al, 2020 ; Dmuchowski et al, 2021 ; Saeed Meo and Karim, 2021 ; Wang et al, 2022 ). The impact of green finance development on green productivity research cannot be understated, as it is a major source of green bonds issuance around the world.…”

Section: Introductionmentioning

confidence: 99%

How Do Green Finance and Energy Efficiency Mitigate Carbon Emissions Without Reducing Economic Growth in G7 Countries?

2022

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Climate change is one of the most serious threats facing the world today. Environmental pollution and depletion of natural resources have been highlighted by the United Nations Sustainable Development Goals (SDGs), paving the way for modern concepts such as sustainable growth to be introduced. Therefore, this research explores the relationship between green finance, energy efficiency, and CO2 emissions in the G7 countries. The study uses panel data model technique to examine the dependence structure of green finance, energy efficiency, and CO2 emissions. Moreover, we use DEA to construct an energy efficiency index of G7 countries. A specific interval exists between the values of the energy efficiency indexes. Japan, the United Kingdom, and the United States were named the most energy-efficient countries in the world, based on results obtained for five consecutive years in this category. However, according to the comparative rankings, France and Italy are the most successful of all the G7 members, followed by the United Kingdom and Germany. Our overall findings of the econometric model confirm the negative impact of green finance and energy efficiency on CO2 emissions; however, this relationship varies across the different quantiles of the two variables. The findings in the study confirm that green finance is the best financial strategy for reducing CO2 emissions.

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“…Despite its importance, no empirical study in the current literature has examined the impact of GOS, ECSR, and GTI on long-term business success . These features are currently being investigated in the prevailing literature in a non-collective manner, and combined research on GOS driving ECSR and GTI to realize OSP is noticeably lacking (Ding and Shahzad, 2022b;Jin et al, 2022;Le, 2022;Wang et al, 2022). Shahzad et al (2020a) investigated the influence of various dimensions of CSR on environmental sustainability and GI in the manufacturing industry.…”

Section: Introductionmentioning

confidence: 99%

“…The results highlighted that ECSR is the stronger predictor of ecological sustainability and GI. Wang et al (2022) also identified that green strategies and sustainable decision-making help promote CSR and sustainable goals. Shahzad et al (2020b) further highlighted that sustainable practices (environmental, economic, and social) also significantly impact corporate green innovation.…”

Section: Introductionmentioning

confidence: 99%

How Green Organizational Strategy and Environmental CSR Affect Organizational Sustainable Performance Through Green Technology Innovation Amid COVID-19

Hao

Shahzad

et al. 2022

Front. Environ. Sci.

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The growth of green-oriented businesses for sustainable development (SD) is no longer optional in the current dynamic world, especially for manufacturing businesses in general. Accordingly, the present study investigates the interlinkages between green organizational strategy (GOS), environmental corporate social responsibility (ECSR), and organizational sustainable performance (OSP) by exploring the key mediating role of green technology innovation (GTI). This study uses a quantitative method to gather data from Chinese manufacturing industries, employing a well-structured questionnaire. Senior and middle-level managers were the intended respondents. From the primary survey, 264 valid responses were gathered. The final data were analyzed using SmartPLS (version 3.3.9) by adopting structural equation modeling (SEM) to examine the associations between the targeted constructs, and the results add to the recent literature by offering a cohesive model of GOS, ECSR, GTI, and OSP. The findings revealed that GOS has a strong positive effect on ECSR, GTI, and OSP. Further, ECSR has a strong positive impact on GTI and OSP. Meanwhile, GTI is a key mediating variable in these relationships, which previous studies have not explored. This study innovatively integrates the three green traits, namely, GOS, ECSR, and GTI, into a comprehensive model that is understudied in existing literature in order to help businesses improve their sustainable competitive advantage. The ultimate aim is to help businesses improve their environmental performance and achieve solid sustainability over the long term.

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Does green finance facilitate firms in achieving corporate social responsibility goals?

Cited by 60 publications

References 54 publications

Role of Green Finance in Attaining Corporate CSR Goals

Role of Green Finance in Attaining Corporate CSR Goals

How Do Green Finance and Energy Efficiency Mitigate Carbon Emissions Without Reducing Economic Growth in G7 Countries?

How Green Organizational Strategy and Environmental CSR Affect Organizational Sustainable Performance Through Green Technology Innovation Amid COVID-19

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