GX & Decarbonization Research

Annisa Rulitasari, Andam Dewi Syarif

This study examines the impact of ESG disclosures (Environmental, Social, Governance) on firm value (Tobin's Q) in the Indonesian healthcare sector, with profitability (ROA) as a moderator. Using panel data from 2019-2024, results show that…

Pungky Lela Saputri, Heru Sulistyo, Ibnu Khajar +1

This study examines the dynamic relationship between ESG disclosure and non-performing financing (NPF) in Bank Syariah Indonesia (BSI) using VAR modeling. Results show ESG disclosure improvements reduce NPF after a one- to two-month lag, wh…

Shouchao Zhu, Xingguo Cao, B. Dong +1

This paper demonstrates that ESG strategy acts as a critical mediating mechanism in the institutionalization of seafarers' rights protection (SRP) in the Chinese shipping industry. Based on interviews with 32 executives, it proposes a theor…

Yimeng Li, Jiatong Li, Chenrui Qu +1

This systematic literature review examines ESG research in the maritime industry from 2020 to 2024. Using PRISMA methodology, it analyzes 20 core papers, revealing a shift from a narrow environmental focus to a holistic E, S, and G framewor…

Sad Abu alim, Marwan Mansour

Using a panel of 152 banks across 11 MENA countries (2013–2023), this study finds that FinTech adoption positively impacts ESG performance, with corruption risk partially mediating this relationship. Effects are stronger for governance and …

Mwila Bwanga Bwalya

This study examined the impact of ESG disclosure on financial performance of African listed firms using panel data from 2020-2024. Results show significant positive effects of ESG and environmental disclosure, while governance disclosure, f…

Nongnit Chancharat, W. Vetchagool, Surachai Chancharat

This study of 94 Thai listed firms (2019-2023) finds ESG scores positively affect corporate value, but board independence negatively moderates this relationship. Board size has no significant direct or moderating effect. The authors recomme…

Kehinde Oyediji, Olaniyi Oluwaseun Oladepo

This paper proposes a conceptual framework that integrates ESG principles, sustainability objectives, and long-term value creation into infrastructure finance decision-making. Structured around four pillars—ESG-aligned capital allocation, s…

Shaji Thomas

This paper systematically reviews ethical challenges in ESG-based climate risk reporting and corporate net-zero commitments using the PRISMA framework. It identifies three main issues: reliability of carbon disclosures, alignment of ESG met…

Ajay Dkhar, Binny Sharma

This study examines the impact of ESG disclosure on firm performance using 55 Indian listed firms from 2016-2024. It finds positive effects in manufacturing but not services, and a weakened relationship after COVID-19. The results offer ins…

Anita Agustiani, Mulyanto Nugroho, Nekky Rahmiyati

This study examines the impact of ESG disclosure, green investment, and firm size on firm value through financial performance as a mediator in Indonesian LQ45 manufacturing companies (2019-2024). Results show that firm size positively affec…

F. Rauf

This paper examines how peer firms' ESG disclosure influences target firms' strategies in China. Digital transformation enhances responsiveness, while financial constraints increase imitation. An inverted U-shaped relationship exists betwee…

Tingting Wang, Qiyong Xiao, Jinli Wang +1

This paper investigates how ESG report design (visualization and length) affects corporate financing costs. Using a sample of Chinese listed firms from 2006-2024, they construct a visualization index based on color metrics. They find that v…

Oksana E. Gudkova, Yuliya Kostrova

This paper consolidates and structures the core theoretical models explaining how ESG factors influence the performance of public companies. It analyzes how each model reveals reasons for ESG disclosure and risk management approaches, recom…

V. Metelytsia, Vladislav Valentinov, Taras Gagalyuk

This study examines 'hidden ESG' in Ukrainian agriculture, where firms implement substantive sustainability practices but remain weakly visible in formal disclosure due to institutional fragility and conflict. Based on 53 interviews, it fin…

Ayse Hyusein, M. Seraj

This study examines the impact of ESG disclosure and green innovation on carbon emission efficiency (CEE) and firm valuation in energy-intensive and heavy-polluting industries. Using data from the London Stock Exchange Group Asset 4 Databas…

Asia Rahman Khan Lodhi, Humayoon Khan, Agha Qaleech Khan

This paper comparatively analyzes major ESG regulations including the EU CSRD, CSDDD, IFRS Sustainability Disclosure Standards, and California climate disclosure laws, arguing that ESG regulation is transitioning from voluntary to mandatory…

Галина Уманців

This paper examines the transformation of ESG reporting for concessionaires (long-term infrastructure operators) from voluntary sustainability narratives to regulated, investor-oriented disclosure. It highlights the role of ESRS double mate…

Tomy Rizky Izzalqurny, Tatas Ridho Nugroho, Adrian Hartanto Darma Sanputra +1

This systematic literature review examines sustainability reporting (SR) practices among technology companies in ASEAN, synthesizing 11 peer-reviewed articles from 2015-2025. Findings reveal fragmented and mostly voluntary SR adoption with …

Alva Marasigan, M. Houqe, Warwick J. Stent +1

This study examines drivers of sustainability reporting quality (QSR) in the electricity sector using two dimensions: relevance and reliability. Using S&P Global Top 250 data, it finds that sustainability performance, GRI adoption, and inst…