How corporate ESG performance affects green supply chain management

Abstract

In recent years, corporate green supply chain management has attracted attention from social and environmental dimensions in the issue of global sustainable development. Based on the sample data of Chinese listed companies from 2014 to 2018, this paper studies the relationship mechanism between corporate ESG performance and green supply chain management, as well as the moderating effect of government subsidies. The study found that the ESG performance of enterprises helps to improve their green supply chain management level; government subsidies play a negative moderating role in the improvement of enterprise green supply chain management by ESG performance. According to the results, enterprises should integrate the ESG system into the green supply chain management process to balance the economic, environmental and social benefits of the enterprise. At the same time, the government and investors should also pay more attention to the disclosure of ESG information and force enterprises to take the road of green development.