Digital transformation boosts manufacturing companies' ESG responsibility performance in China
Digital transformation can help manufacturing companies in China improve their environmental, social, and governance (ESG) responsibility performance. The study found that for every 1% increase in digital transformation, ESG responsibility performance improves by 0.124%. Digital strategy is more important than digital technology in this improvement. Factors like total factor productivity, information transparency, and investor stickiness also play a role in how digital transformation affects ESG responsibility performance. This research provides new insights to help manufacturing companies worldwide meet ESG responsibilities and reduce global carbon emissions.