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ESG Integration in China’s Sustainable Supply Chain: Feasibility, Impact, and Optimization Strategies
- 1 School of Business, Macau University of Science and Technology, Macau, 999078, China
* Author to whom correspondence should be addressed.
Abstract
Although more and more companies and investors are beginning to recognize the importance of ESG, its promotion and practice still need to be improved. China's ESG development is still in its infancy compared to ESG applications worldwide. Some leading businesses have already been actively using ESG to enhance the sustainability of their supply chains. This article examines the proactiveness and feasibility of companies adopting ESG development and how to improve their supply chains. The research employs methods such as data regression analysis and correlation analysis, and it also investigates the case of JD.com. The study reveals that while the ESG concept may seem contradictory to a company's short-term business goals or performance, it exhibits a certain degree of positive correlation and can even bring about favorable impacts in both the short and long term. JD.com's ESG application strategy in the supply chain context holds practical significance and scalability, potentially serving as a template for ESG supply chain development in future Chinese companies.
Keywords
ESG, Data analysis, Standardization, Feasibility, Optimization
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Cite this article
Chang,H. (2023). ESG Integration in China’s Sustainable Supply Chain: Feasibility, Impact, and Optimization Strategies. Advances in Economics, Management and Political Sciences,65,201-208.
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Volume title: Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
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