Abstract
Nowadays, the traditional economic development mode and development power have caused a series of problems such as waste of factor input, serious environmental pollution, and low economic efficiency. Green finance is thus sprouting. With the rapid economic development, more and more companies at home and abroad have begun to use Green Credit Policy (GCP) to promote sustainable development. Based on official publication databases, we delve into a deep analysis of the impact of the Green Credit Policy on companies, focusing on their industrial structure, firm performance, and response measures. Through empirical analysis and theoretical discussions, we reveal that the Green Credit Policy positively influences industrial upgrading, enhances firms environmental performance, and stimulates strategic responses to Green Credit Policy. Additionally, empirical data substantiates the notion that GCP exerts a "detrimental impact" on companies exhibiting subpar environmental practices. These results underscore the importance of policies geared towards sustainability in fostering a more eco-friendly and robust economy.
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