The Literature Review of ESG on Enterprise Innovation: Evidence from big data

Abstract

Corporate innovation is influenced by ESG in numerous ways. This paper examines big data's role in promoting ESG in China, the US, and Japan while summarizing the ways in which ESG influences various forms of innovation. The empirical results demonstrate that the Chinese government has been aggressively encouraging corporate social responsibility and sustainable development, based on data from China, the US, and Japan. The growth of businesses in the US is mostly indicative of the promotion of ESG. The public in Japan has reasonably easy access to a variety of data and information regarding sustainable development and environmental preservation. Policymakers ought to think about quantifying ESG performance, standardizing ESG grading standards, and creating development plans tailored to individual nationsr.