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Keywords = green stocks

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22 pages, 1048 KiB  
Article
Forests and Green Transition Policy Frameworks: How Do Forest Carbon Stocks Respond to Bioenergy and Green Agricultural Technologies?
by Nguyen Hoang Dieu Linh and Liang Lizhi
Forests 2025, 16(8), 1283; https://doi.org/10.3390/f16081283 - 6 Aug 2025
Abstract
Forests play a crucial role in storing excess carbon released into the atmosphere. By mitigating climate change, forest carbon stocks play a vital role in achieving green transitions. However, limited information is available regarding the factors that affect forest carbon stocks. The primary [...] Read more.
Forests play a crucial role in storing excess carbon released into the atmosphere. By mitigating climate change, forest carbon stocks play a vital role in achieving green transitions. However, limited information is available regarding the factors that affect forest carbon stocks. The primary objective of this analysis is to investigate the impact of green agricultural technologies and bioenergy on forest carbon stocks. The empirical investigation was conducted using the method of moments quantile regression (MMQR) technique. Results using the MMQR approach indicate that bioenergy is beneficial in augmenting forest carbon stores at all levels. A 1% increase in bioenergy is associated with an increase in forest carbon stocks ranging from 3.100 at the 10th quantile to 1.599 at the 90th quantile. In the context of developing economies, similar findings are observed; however, in developed economies, bioenergy only fosters forest carbon stocks at lower and middle quantiles. In contrast, green agricultural technologies have an adverse effect on forest carbon stocks. Green agricultural technologies have a significant negative impact on forest carbon stocks, particularly between the 10th and 80th quantiles, with their influence declining in magnitude from −2.398 to −0.619. This negative connection is observed in both developed and developing countries at most quantiles, except for higher quantiles in developed economies. Gross domestic product (GDP) has an adverse effect on forest carbon stores only in developing countries, whereas human capital diminishes forest carbon stocks in both developed and developing nations. Governments should provide support for the creators of bioenergy and agroforestry technologies so that forest carbon stocks can be increased. Full article
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13 pages, 2281 KiB  
Article
Amphipathic Alpha-Helical Peptides AH1 and AH3 Facilitate Immunogenicity of Enhanced Green Fluorescence Protein in Rainbow Trout (Oncorhynchus mykiss)
by Kuan Chieh Peng and Ten-Tsao Wong
J. Mar. Sci. Eng. 2025, 13(8), 1497; https://doi.org/10.3390/jmse13081497 - 4 Aug 2025
Viewed by 143
Abstract
Vaccination is the most effective method to counteract infectious diseases in farmed fish. It secures aquaculture production and safeguards the wild stock and aquatic ecosystem from catastrophic contagious diseases. In vaccine development, recombinant subunit vaccines are favorable candidates since they can be economically [...] Read more.
Vaccination is the most effective method to counteract infectious diseases in farmed fish. It secures aquaculture production and safeguards the wild stock and aquatic ecosystem from catastrophic contagious diseases. In vaccine development, recombinant subunit vaccines are favorable candidates since they can be economically produced in large quantities without growing many pathogens, as in inactivated or attenuated vaccine production. However, recombinant subunit vaccines are often weak or deficient in immunogenicity, resulting in inadequate defenses against infections. Technologies that can increase the immunogenicity of recombinant subunit vaccines are in desperate need. Enhanced green fluorescence protein (EGFP) has a low antigenicity and is susceptible to folding changes and losing fluorescence after fusing with other proteins. Using these valuable features of EGFP, we comprehend two amphipathic alpha-helical peptides, AH1 and AH3, derived from Hepatitis C virus and Influenza A virus, respectively, that can induce high immune responses of their fused EGFP in fish without affecting their folding. AH3-EGFP has the most elevated cell binding, significantly 62% and 36% higher than EGFP and AH1-EGFP, respectively. Immunizations with AH1-EGFP or AH3-EGFP significantly induced higher anti-EGFP antibody levels 300–500-fold higher than EGFP immunization after the boost injection in rainbow trout. Our results suggest that AH1 and AH3 effectively increase the immunogenicity of EGFP without influencing its structure. Further validation of their value in other recombinant proteins is necessary to demonstrate their broader utility in enhancing the immunogenicity of subunit vaccines. We also suggest that EGFP and its variants are promising candidates for initially screening proper immunogenicity-enhancing peptides or proteins to advance recombinant subunit vaccine development. Full article
(This article belongs to the Section Marine Aquaculture)
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32 pages, 5440 KiB  
Article
Spatially Explicit Tactical Planning for Redwood Harvest Optimization Under Continuous Cover Forestry in New Zealand’s North Island
by Horacio E. Bown, Francesco Latterini, Rodolfo Picchio and Michael S. Watt
Forests 2025, 16(8), 1253; https://doi.org/10.3390/f16081253 - 1 Aug 2025
Viewed by 173
Abstract
Redwood (Sequoia sempervirens (Lamb. ex D. Don) Endl.) is a fast-growing, long-lived conifer native to a narrow coastal zone along the western seaboard of the United States. Redwood can accumulate very high amounts of carbon in plantation settings and continuous cover forestry [...] Read more.
Redwood (Sequoia sempervirens (Lamb. ex D. Don) Endl.) is a fast-growing, long-lived conifer native to a narrow coastal zone along the western seaboard of the United States. Redwood can accumulate very high amounts of carbon in plantation settings and continuous cover forestry (CCF) represents a highly profitable option, particularly for small-scale forest growers in the North Island of New Zealand. We evaluated the profitability of conceptual CCF regimes using two case study forests: Blue Mountain (109 ha, Taranaki Region, New Zealand) and Spring Creek (467 ha, Manawatu-Whanganui Region, New Zealand). We ran a strategic harvest scheduling model for both properties and used its results to guide a tactical-spatially explicit model harvesting small 0.7 ha units over a period that spanned 35 to 95 years after planting. The internal rates of return (IRRs) were 9.16 and 10.40% for Blue Mountain and Spring Creek, respectively, exceeding those considered robust for other forest species in New Zealand. The study showed that small owners could benefit from carbon revenue during the first 35 years after planting and then switch to a steady annual income from timber, maintaining a relatively constant carbon stock under a continuous cover forestry regime. Implementing adjacency constraints with a minimum green-up period of five years proved feasible. Although small coupes posed operational problems, which were linked to roading and harvesting, these issues were not insurmountable and could be managed with appropriate operational planning. Full article
(This article belongs to the Section Forest Operations and Engineering)
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27 pages, 42290 KiB  
Article
Study on the Dynamic Changes in Land Cover and Their Impact on Carbon Stocks in Karst Mountain Areas: A Case Study of Guiyang City
by Rui Li, Zhongfa Zhou, Jie Kong, Cui Wang, Yanbi Wang, Rukai Xie, Caixia Ding and Xinyue Zhang
Remote Sens. 2025, 17(15), 2608; https://doi.org/10.3390/rs17152608 - 27 Jul 2025
Viewed by 359
Abstract
Investigating land cover patterns, changes in carbon stocks, and forecasting future conditions are essential for formulating regional sustainable development strategies and enhancing ecological and environmental quality. This study centers on Guiyang, a mountainous urban area in southwestern China, to analyze the dynamic changes [...] Read more.
Investigating land cover patterns, changes in carbon stocks, and forecasting future conditions are essential for formulating regional sustainable development strategies and enhancing ecological and environmental quality. This study centers on Guiyang, a mountainous urban area in southwestern China, to analyze the dynamic changes in land cover and their effects on carbon stocks from 2000 to 2035. A carbon stocks assessment framework was developed using a cellular automaton-based artificial neural network model (CA-ANN), the InVEST model, and the geographical detector model to predict future land cover changes and identify the primary drivers of variations in carbon stocks. The results indicate that (1) from 2000 to 2020, impervious surfaces expanded significantly, increasing by 199.73 km2. Compared to 2020, impervious surfaces are projected to increase by 1.06 km2, 13.54 km2, and 34.97 km2 in 2025, 2030, and 2035, respectively, leading to further reductions in grassland and forest areas. (2) Over time, carbon stocks in Guiyang exhibited a general decreasing trend; spatially, carbon stocks were higher in the western and northern regions and lower in the central and southern regions. (3) The level of greenness, measured by the normalized vegetation index (NDVI), significantly influenced the spatial variation of carbon stocks in Guiyang. Changes in carbon stocks resulted from the combined effects of multiple factors, with the annual average temperature and NDVI being the most influential. These findings provide a scientific basis for advancing low-carbon development and constructing an ecological civilization in Guiyang. Full article
(This article belongs to the Special Issue Smart Monitoring of Urban Environment Using Remote Sensing)
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25 pages, 365 KiB  
Article
The Impact of ESG Ratings on Corporate Sustainability: Evidence from Chinese Listed Firms
by Qi Gong, Jiahui Gu, Zhaoyang Kong, Siyan Shen, Xiucheng Dong, Yang Li and Chade Li
Sustainability 2025, 17(13), 5942; https://doi.org/10.3390/su17135942 - 27 Jun 2025
Viewed by 554
Abstract
As participants in sustainable development, corporations face the important and controversial issue of whether they can promote corporate sustainability through environmental, social, and governance (ESG) practices. To address this issue, we examine the relationship between ESG performance and corporate sustainability, measured by green [...] Read more.
As participants in sustainable development, corporations face the important and controversial issue of whether they can promote corporate sustainability through environmental, social, and governance (ESG) practices. To address this issue, we examine the relationship between ESG performance and corporate sustainability, measured by green total factor productivity (GTFP). Using a panel dataset of 17,559 firm-year observations from non-financial firms listed on the Shanghai and Shenzhen stock exchanges in China between 2011 and 2019, we employ fixed-effects regression models and two-stage least squares (2SLS) with instrumental variables to empirically test the impact of ESG ratings on GTFP, identify the underlying mechanisms, and examine potential heterogeneity across firms. The results show that higher ESG ratings are significantly associated with increased GTFP. Mediation analysis further reveals that this positive relationship operates through reduced financing constraints and enhanced green innovation. Notably, the mediating role of financing constraints is more pronounced for firms with greater reliance on external capital. Heterogeneity analysis indicates that ESG ratings exert stronger effects in eastern regions, pollution-intensive sectors, and state-owned enterprises. These findings provide empirical support for the role of ESG performance as an effective mechanism to advance corporate sustainability through ethics-driven financial access and innovation capability. Full article
(This article belongs to the Section Sustainable Management)
24 pages, 866 KiB  
Article
Two-Pronged Approach: Capital Market Openness Promotes Corporate Green Total Factor Productivity
by Ziyang Zhan, Junfeng Li, Dongxing Jia and Kai Wu
Sustainability 2025, 17(13), 5901; https://doi.org/10.3390/su17135901 - 26 Jun 2025
Viewed by 428
Abstract
This study examines the impact of capital market openness on corporate green total factor productivity (GTFP) using a quasi-natural experiment based on the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect policies. Employing a multi-period difference-in-differences (DID) approach, the findings reveal that capital market [...] Read more.
This study examines the impact of capital market openness on corporate green total factor productivity (GTFP) using a quasi-natural experiment based on the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect policies. Employing a multi-period difference-in-differences (DID) approach, the findings reveal that capital market openness significantly enhances corporate GTFP through two primary mechanisms: strengthening firms’ green financial resources and technological innovation (green “hard strength”) and improving corporate environmental governance, green information disclosure, and managerial green expertise (green “soft strength”). Further heterogeneity analysis suggests that firms with greater institutional investor engagement, higher market competition, and non-state ownership exhibit stronger responses. These results provide policy insights into leveraging financial liberalization to drive corporate sustainability and green economic growth. This study highlights the role of financial markets in supporting global carbon neutrality and sustainable development goals. Full article
(This article belongs to the Section Economic and Business Aspects of Sustainability)
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26 pages, 992 KiB  
Article
The Impact of Urban Digital Intelligence Transformation on Corporate Carbon Performance: Evidence from China
by Zhen Wang, Hongwen Jia and Jiale Wu
Sustainability 2025, 17(12), 5591; https://doi.org/10.3390/su17125591 - 18 Jun 2025
Viewed by 492
Abstract
In response to urban digital intelligence transformation (DIT) and the rising global emphasis on corporate carbon performance (CP), this study leverages the “National New-Generation AI Innovation Development Pilot Zones” (NAIPZs) as a quasi-natural experiment. Utilizing an unbalanced panel of A-share listed firms from [...] Read more.
In response to urban digital intelligence transformation (DIT) and the rising global emphasis on corporate carbon performance (CP), this study leverages the “National New-Generation AI Innovation Development Pilot Zones” (NAIPZs) as a quasi-natural experiment. Utilizing an unbalanced panel of A-share listed firms from China’s Shanghai and Shenzhen stock exchanges between 2010 and 2022, this study employs a multi-period Difference-in-Differences (DID) model combined with propensity score matching (PSM-DID) to examine how urban DIT affects corporate CP and its underlying mechanisms. The results indicate that the policy significantly enhances corporate CP, with robustness confirmed through parallel trend, placebo, and PSM-DID tests. Heterogeneity analysis shows stronger effects for non-state-owned enterprises, high-pollution industries, and large enterprises. Mechanism analysis reveals that green technological innovation and R&D expenditure are key drivers of improved CP. The study concludes with policy suggestions including tailored regulation, the development of innovation platforms, strengthened R&D support, and the implementation of monitoring systems to better harness AI technologies for improving corporate carbon performance. Full article
(This article belongs to the Special Issue Artificial Intelligence (AI) and Sustainability of Businesses)
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24 pages, 3107 KiB  
Article
BEST—Building Energy-Saving Tool for Sustainable Residential Buildings
by Marco Cecconi, Fabrizio Cumo, Elisa Pennacchia, Carlo Romeo and Claudia Zylka
Appl. Sci. 2025, 15(12), 6817; https://doi.org/10.3390/app15126817 - 17 Jun 2025
Cited by 1 | Viewed by 471
Abstract
The building and construction sector significantly impacts CO2 emissions and atmospheric pollutants, contributing to climate change. Improving energy efficiency in buildings is essential to achieving carbon neutrality by 2050, as outlined in the European Green Deal. This study presents a decision-support tool [...] Read more.
The building and construction sector significantly impacts CO2 emissions and atmospheric pollutants, contributing to climate change. Improving energy efficiency in buildings is essential to achieving carbon neutrality by 2050, as outlined in the European Green Deal. This study presents a decision-support tool for energy retrofit interventions in existing residential buildings. The methodological approach begins with the identification and classification of common roof and wall types in the national residential building stock, segmented by construction period, followed by defining optimized, pre-calculated standardized solutions. The performance evaluations of proposed solutions resulted in a matrix designed to guide practitioners in selecting pre-calculated, efficient, and sustainable prefabricated solutions based on energy performance criteria. The tool developed from this matrix enables preliminary energy assessment, offering an overview of potential retrofit interventions. It assists designers in identifying specific cases based on construction period, building type, and climate zone, allowing for the selection of standardized solutions, energy pre-analyses, energy and cost-saving simulations, and access to detailed performance sheets. Unlike other tools requiring extensive input on opaque envelope components and thermo-physical calculations, this tool streamlines the selection process of vertical and roof closures based on construction age and building type. Additionally, the tool estimates potential economic savings and the Net Present Value (NPV) of proposed insulation solutions, identifying available incentives for the intervention. Full article
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19 pages, 522 KiB  
Article
How Fintech Impacts Enterprises’ Digital–Green Synergy
by Chenyang Meng, Yu Peng, Jiaxin Zhang and Jinjin Chen
Sustainability 2025, 17(12), 5473; https://doi.org/10.3390/su17125473 - 13 Jun 2025
Viewed by 570
Abstract
Based on a sample of A-share companies listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange from 2011 to 2022, this paper measures and analyzes the degree of enterprises’ digital–green synergy and further tests the influence mechanism of fintech on enterprises’ [...] Read more.
Based on a sample of A-share companies listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange from 2011 to 2022, this paper measures and analyzes the degree of enterprises’ digital–green synergy and further tests the influence mechanism of fintech on enterprises’ digital–green synergistic development. It is found that fintech has a significant positive effect on enterprises’ digitization, enterprises’ greening, and their digital–green synergistic development, and the conclusion still holds after robustness and endogeneity tests. A heterogeneity analysis shows that the heterogeneity of enterprises’ size and the degree of industry emissions affects the promotional effect of fintech on the synergy. Fintech effectively promotes enterprises’ digital–green synergistic development through the three channels of green innovation, efficiency enhancement, and environmental information disclosure, and the heterogeneity of the executive team’s ages and the heterogeneity of their occupational backgrounds have a positive moderating effect on the promotional effect of fintech. The findings provide a conceptual framework and policy formulation guidelines for fintech to support the promotion of enterprises’ digital–green synergy and the improvement of new-quality productivity. Full article
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13 pages, 2566 KiB  
Article
Potential of Sisal (Agave sisalana) Residues for Improving Sisal Plant Growth and Soil Residue Stocks in Bahia’s Circular Agriculture
by Risely Ferraz-Almeida, Adelson Rodrigues de Oliveira, Clecivânia de Jesus Pinheiro, Joane Lima Oliveira, Valmir Freitas de Almeida and Everton Martins Arruda
Agronomy 2025, 15(6), 1426; https://doi.org/10.3390/agronomy15061426 - 11 Jun 2025
Viewed by 944
Abstract
Brazil is considered one of the world’s most important sisal fiber producers (derived from Agave sisalana), with areas concentrated in the Bahia state. There has been a movement in agriculture toward a circular economic system (take-produce-consume-recycle). Based on this idea, the focus [...] Read more.
Brazil is considered one of the world’s most important sisal fiber producers (derived from Agave sisalana), with areas concentrated in the Bahia state. There has been a movement in agriculture toward a circular economic system (take-produce-consume-recycle). Based on this idea, the focus of this study was: (i) to estimate the theoretical available amount of sisal residues based on fiber and area productions; (ii) to monitor the use of sisal residues for improving sisal plant growth; and (iii) to monitor the residue stocks on surface soil with the application of sisal residues. Areas of sisal were visited periodically, monitoring the application of sisal residue on the soil surface. The results showed that there is an expressive production of sisal residues, mainly of green liquid, sisal pulp, and sisal ball. The application of sisal pulp on the soil surface, close to sisal plants, is an optimal alternative to improve sisal leaf development. The application of sisal residues on soil increased 50% of residue stocks with sizes lower than 10 cm. Based on the results, we concluded that the sisal residues have a great potential for improving sisal plant growth and soil residue stocks. More studies are required to improve circular agriculture in the sisal sector. Full article
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19 pages, 1292 KiB  
Article
Green Technology Innovation Efficiency of New Energy Vehicles Based on Corporate Profitability Perspective
by Chunqian Zhu, Zhongshuai Wang and Yawei Xue
World Electr. Veh. J. 2025, 16(6), 311; https://doi.org/10.3390/wevj16060311 - 3 Jun 2025
Viewed by 822
Abstract
In the context of global climate change and the escalating energy crisis, the development of new energy vehicles (NEVs) has become a critical strategy for China to foster green transformation and achieve its carbon neutrality goals. This study focuses on A-share-listed NEV companies [...] Read more.
In the context of global climate change and the escalating energy crisis, the development of new energy vehicles (NEVs) has become a critical strategy for China to foster green transformation and achieve its carbon neutrality goals. This study focuses on A-share-listed NEV companies in China from 2015 to 2023, specifically those listed on the Shanghai or Shenzhen Stock Exchange and subject to domestic regulatory standards and disclosure requirements. These firms were selected due to the representativeness, availability, and quantifiability of their data. A super-efficient-network SBM model based on undesirable outputs and the Malmquist index were employed to assess the static and dynamic green technology innovation efficiency of 260 NEV enterprises. Additionally, the Tobit regression model was applied to analyze the influencing factors. The findings reveal that the overall green technology innovation efficiency of Chinese NEV enterprises is relatively low and has exhibited a declining trend over the years. Furthermore, the efficiency of enterprises in the western regions surpasses that of those in the eastern and central regions. Key factors, including government support, enterprise scale, and R&D investment, significantly inhibit the green technology innovation efficiency of firms. Based on these findings, this paper recommends prioritizing the innovation of core technologies, addressing regional disparities in development, and implementing tailored policies to enhance the green technology innovation efficiency and economic performance of NEV enterprises. Full article
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21 pages, 1865 KiB  
Article
Does the Carbon Emission Trading Pilot Policy Enhance Carbon Reduction Efficiency?
by Yin Wang and Wanzong Wu
Sustainability 2025, 17(11), 5076; https://doi.org/10.3390/su17115076 - 1 Jun 2025
Viewed by 484
Abstract
The creative breakthroughs in policy implementation by China hold essential practical importance for promoting global sustainability. The carbon emission trading (CET) pilot policy initiated in 2011 provides a quasi-natural experimental setting to investigate the dual impacts of market-incentivized environmental regulation on corporate carbon [...] Read more.
The creative breakthroughs in policy implementation by China hold essential practical importance for promoting global sustainability. The carbon emission trading (CET) pilot policy initiated in 2011 provides a quasi-natural experimental setting to investigate the dual impacts of market-incentivized environmental regulation on corporate carbon emissions (CEs) and capacity utilization (CU) enhancement. This study employs panel data from A-share listed manufacturing companies on the Shanghai and Shenzhen stock exchanges spanning 2007–2022, constructing a corporate carbon reduction efficiency (CRE). A Generalized difference-in-differences (DID) approach is adopted to examine the policy effects. The study reveals that the execution of the CET pilot policy has shown a notable and enduring enhancement in corporate CRE, yielding the combined advantage of advancing corporate decarbonization and improving CU. These conclusions remain resilient despite thorough sensitivity analysis. Furthermore, the pilot improves CRE via three principal avenues: augmenting corporate innovation capabilities, increasing green investment intensity, and refining managerial practices. The impacts of CET pilots are most significant in state-owned firms (SOEs), capital-intensive industries (CIEs), eastern region enterprises (EEs), and sectors with little market concentration. The findings set essential empirical standards for assessing decarbonization initiatives and guiding social progress towards sustainability. Full article
(This article belongs to the Section Economic and Business Aspects of Sustainability)
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28 pages, 430 KiB  
Article
The Strategic Role of Sustainable Finance in Corporate Reputation: A Signaling Theory Perspective
by Richard Arhinful, Leviticus Mensah, Halkawt Ismail Mohammed Amin, Hayford Asare Obeng and Bright Akwasi Gyamfi
Sustainability 2025, 17(11), 5002; https://doi.org/10.3390/su17115002 - 29 May 2025
Cited by 4 | Viewed by 992
Abstract
The United Kingdom has long been a frontrunner in green finance, establishing programs like the Green Finance Institute to promote corporate engagement in sustainable initiatives. The Green Finance Strategy, enacted in 2019, aligns UK financial procedures with international standards, including the EU taxonomy [...] Read more.
The United Kingdom has long been a frontrunner in green finance, establishing programs like the Green Finance Institute to promote corporate engagement in sustainable initiatives. The Green Finance Strategy, enacted in 2019, aligns UK financial procedures with international standards, including the EU taxonomy for sustainable Activities. The study examined how sustainable finance enhances the corporate reputation of the firms listed on the London Stock Exchange. A purposive sampling yielded 17 years of data from 143 non-financial companies from the Thomson Reuters Eikon DataStream between 2007 and 2023. In dealing with the issue of endogeneity and auto-serial correlation, the Generalized Methods of Movement (GMM) was employed to provide reliable and unbiased estimation results. The study revealed a positive impact of green bond issues, environmental expenditures, and policies for emission reduction on corporate reputation. The moderating relationship between green bond issues, environmental expenditures, and board diversity revealed a positive and significant relationship with corporate reputation. Managers should ensure that their endorsed activities gain public recognition and align with sustainability goals, particularly by emphasizing the issuance of green bonds in their financing strategy. They should also collaborate with environmental experts and stakeholders to ensure that the outcomes of funded projects are evaluated in line with international ESG standards. Full article
(This article belongs to the Special Issue ESG Investing for Sustainable Business: Exploring the Future)
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28 pages, 440 KiB  
Article
Impact of Sustainable Finance on Business Financial Performance: Insight from London Stock Exchange Firms
by Hani A. Omran Elarabi and Wagdi Khalifa
Sustainability 2025, 17(11), 4898; https://doi.org/10.3390/su17114898 - 27 May 2025
Viewed by 1548
Abstract
The United Kingdom has enacted rules to support green investment, enhancing the financial sustainability of enterprises adopting sustainable practices. These enactments offer financial incentives to enterprises that invest in sustainable initiatives. Companies that do not adopt sustainable practices face increasing operating expenses, a [...] Read more.
The United Kingdom has enacted rules to support green investment, enhancing the financial sustainability of enterprises adopting sustainable practices. These enactments offer financial incentives to enterprises that invest in sustainable initiatives. Companies that do not adopt sustainable practices face increasing operating expenses, a declining market share, and diminished investor trust. This study leveraged the stakeholder theory to examine the impact of sustainable finance on business financial performance. The study focused on 143 non-financial companies listed on the London Stock Exchange, using 17 years of data between 2008 and 2024 obtained from Thomson Reuters Eikon DataStream. The data were analyzed using the two-step Generalized Method of Estimation (GMM) due to endogeneity identified in the data. The study discovered that green financing initiatives, policies for emission reduction, and sustainable product initiatives had a positive and significant impact on business financial performance. The study also revealed that environmental investment initiatives negatively and significantly impacted business financial performance. Investing in green finance and sustainable products enhances financial performance by fostering investor trust and bolstering corporate reputation, fortifying firms. Adhering to international sustainability standards promotes long-term value creation and market alignment. To mitigate financial strain, environmental investments necessitate stringent cost management. An equitable strategy ensures that, by mitigating risks, sustainability measures enhance profitability. By meticulously integrating these projects, companies can achieve environmental and financial benefits while sustaining a competitive advantage in a rapidly evolving corporate landscape. Full article
(This article belongs to the Topic Sustainable and Green Finance)
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24 pages, 733 KiB  
Article
The Role of Human Capital and Energy Transition in Driving Economic Growth in Sub-Saharan Africa
by Fatma Türüç-Seraj and Süheyla Üçışık-Erbilen
Sustainability 2025, 17(11), 4889; https://doi.org/10.3390/su17114889 - 26 May 2025
Viewed by 514
Abstract
This research investigates the role of fossil fuel energy, renewable energy, and education in terms of years of schooling and mean years of schooling on the economic growth of 19 selected Sub-Saharan African countries. The primary objective is to assess whether renewable energy [...] Read more.
This research investigates the role of fossil fuel energy, renewable energy, and education in terms of years of schooling and mean years of schooling on the economic growth of 19 selected Sub-Saharan African countries. The primary objective is to assess whether renewable energy and educational attainment serve as viable long-term drivers of economic development in a region still heavily reliant on fossil fuels. We employed the newly developed and robust econometric estimators, including “Residual Augmented Least Squares (RALS) co-integration”, to estimate long-term links among the facets of study. Moreover, “Pooled Mean Group–Autoregressive Distributed Lag model (PMG-ARDL) and Quantile Autoregressive Distributed Lag (QARDL)” econometric estimator was employed to estimate the long and short coefficients of the antecedents of study. The estimations obtained from the PMG-ARDL and QARDL estimators provide evidence that the coefficients of fossil fuel energy and renewable energy on economic growth are positive. But surprisingly, the magnitude of renewable energy is greater than fossil fuel energy in Sub-Saharan countries that still depend on fossil fuels. Moreover, human capital and capital stock boost economic growth in the countries studied. The outcomes reveal that not only quality but also quantity of education play a vital role in boosting economic development. To deepen the understanding of the observed effects, the study also explores the transmission channels through which renewable energy and education foster economic growth. Renewable energy contributes by lowering the marginal cost of electricity, encouraging green industrial transformation, and serving as a catalyst for technological innovation. Concurrently, improvements in education—measured by both expected and mean years of schooling—elevate labor productivity and facilitate the absorption and diffusion of new technologies across sectors, thereby stimulating sustained economic performance. The empirical results provide valuable insights for government officials and policymakers in specific Sub-Saharan African countries. Full article
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