Green credit, supply chain transparency and corporate ESG performance: evidence from China

Green credit is crucial in advancing various facets of sustainable development in enterprises. This study, utilizing data from Chinese A-share listed manufacturing firms (2011–2020), explores green credit's impact on corporate ESG performance, emphasizing the moderating role of supply chain transparency. The results indicate that green credit positively influences corporate ESG performance, a relationship strengthened by enhanced supply chain transparency. Moreover, green credit significantly boosts ESG performance in state-owned enterprises, while it is positive but not significant for non-state-owned enterprises.