ESG's Impact on Corporate Path Transformation and Path Exploration

Abstract

In the context of the ongoing global campaign for carbon neutrality, ESG has emerged as a pivotal framework for driving corporate transformation and addressing the demands of multiple stakeholders. The present study focuses on the influence of Environmental, Social and Governance (ESG) factors on corporate strategic, digital and governance level shifts and explores the role of ESG in the context of green transformation. The study systematically collects and analyses high-quality literature in Chinese and English and combines it with CiteSpace Knowledge Graph to sort out the research lineage and hotspots related to ESG and corporate transformation paths. The study proposes a theoretical framework for ESG-driven path transformation and finds that ESG plays a multidimensional role in promoting enterprises from a compliance orientation to strategic innovation. The paper emphasises the practical value of ESG in enhancing corporate resilience, strengthening competitiveness, and realising green value creation. This study provides a theoretical foundation and pathway suggestions for enterprises to realise sustainable transformation in the context of "dual carbon" in the future.