Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025)

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The Impact of ESG Information Disclosure on the Financing Efficiency of Listed New Energy Companies

Authors
Kexin Gu1, *
1School of National Audit, Nanjing Audit University, Nanjing, Jiangsu, China
*Corresponding author. Email: 231010221@stu.nau.edu.cn
Corresponding Author
Kexin Gu
Available Online 3 November 2025.
DOI
10.2991/978-94-6463-874-5_46How to use a DOI?
Keywords
Financing efficiency; Financing constraints; ESG
Abstract

With the development of the “dual carbon” approach and the expansion of the global notion of sustainable development, disclosure of environmental, social, and corporate governance (ESG) information has steadily grown in importance as a gauge of an organization’s capacity for sustainable development. Especially in the new energy industry, a capital-intensive, technology-driven strategic emerging industry, ESG performance may have a profound impact on its financing efficiency. This paper examines how finance efficiency is impacted by ESG information disclosure using data from China’s A-share new energy listed companies from 2015 to 2023. The findings demonstrate that a high degree of ESG performance can greatly increase the effectiveness of corporate finance. In addition, this paper also explores whether ESG affects financing efficiency by reducing corporate financing constraints. High-level ESG companies’ ESG scores have a more noticeable impact on increasing corporate finance efficiency, according to the heterogeneity test. In addition to adding to the empirical data supporting the effect of ESG on corporate financing efficiency, this study offers new energy firms a useful resource for capital structure optimization and ESG strategic management.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
3 November 2025
ISBN
978-94-6463-874-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-874-5_46How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Kexin Gu
PY  - 2025
DA  - 2025/11/03
TI  - The Impact of ESG Information Disclosure on the Financing Efficiency of Listed New Energy Companies
BT  - Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025)
PB  - Atlantis Press
SP  - 383
EP  - 391
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-874-5_46
DO  - 10.2991/978-94-6463-874-5_46
ID  - Gu2025
ER  -