Table 1_The impact of climate-adaptive city construction pilot policies on corporate ESG performance.docx

IntroductionIn the context of climate-adaptive urban construction policies, understanding their impact on corporate sustainability practices is of critical importance. This study investigates how such policies influence corporate Environmental, Social, and Governance (ESG) performance.
MethodsA multi-period difference-in-differences (DID) approach combined with text mining techniques was employed to evaluate the effects of climate-resilient city construction policies on corporate ESG performance. To ensure robustness, additional analyses were conducted using Propensity Score Matching-Difference-in-Differences (PSM-DID), instrumental variable methods, and various robustness checks.
ResultsThe findings demonstrate that climate-resilient city construction policies significantly improve corporate ESG scores, thereby promoting sustainable development practices within companies. Mechanism analysis further reveals that managerial environmental awareness serves as a critical mediating factor, suggesting that the policies indirectly enhance ESG performance by increasing managers’ focus on environmental issues.
DiscussionThis study provides empirical evidence that climate-adaptive urban construction policies contribute to improved corporate ESG outcomes. The results offer valuable insights for policymakers and practitioners, serving as a reference for the implementation of climate-resilient policies and for future theoretical and applied research on ESG performance.