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<p>Under the “double carbon” goal, green transformation and green innovation have become important sustainable development goals of thermal power enterprises. In order to fully reveal the complexity and multi-dimension of green innovation, this paper applies the longitudinal fuzzy set qualitative comparative analysis (fsQCA) method based on configuration theory, and takes the electric power and heat production and supply industries listed on Shanghai and Shenzhen A-shares in China from 2018 to 2021 as research samples. A configuration model composed of environmental, social, governance and research input (ESGPC) is constructed to explore the configuration path of high green innovation. The results are as follows: (1) The green innovation level of thermal power enterprises is affected by multiple pillars; (2) Fulfilling social responsibility plays a decisive role in achieving high green innovation performance of thermal power enterprises; (3) The effect of fulfilling environmental responsibility on high-level green innovation of thermal power enterprises increases with time. This study expands the ESG research framework and provides guidance for the green transformation and innovation practice of thermal power enterprises.</p>

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Research on the configuration of green innovation factors of china’s A-share listed thermal power enterprises from the perspective of ESG + PC

  • 期刊论文

  • 发表日期：

    2025年7月22日

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  • Dehua Zhang,
  • Lifeng Yang,
  • Sha Lou

摘要

Under the “double carbon” goal, green transformation and green innovation have become important sustainable development goals of thermal power enterprises. In order to fully reveal the complexity and multi-dimension of green innovation, this paper applies the longitudinal fuzzy set qualitative comparative analysis (fsQCA) method based on configuration theory, and takes the electric power and heat production and supply industries listed on Shanghai and Shenzhen A-shares in China from 2018 to 2021 as research samples. A configuration model composed of environmental, social, governance and research input (ESGPC) is constructed to explore the configuration path of high green innovation. The results are as follows: (1) The green innovation level of thermal power enterprises is affected by multiple pillars; (2) Fulfilling social responsibility plays a decisive role in achieving high green innovation performance of thermal power enterprises; (3) The effect of fulfilling environmental responsibility on high-level green innovation of thermal power enterprises increases with time. This study expands the ESG research framework and provides guidance for the green transformation and innovation practice of thermal power enterprises.