From labeling to action: Does green manufacturing certification drive corporate sustainable development?

IF 9.2 2区环境科学与生态学 Q1 ENVIRONMENTAL SCIENCES

Journal of Environmental Management Pub Date : 2026-10-01 Epub Date: 2026-09-28 DOI:10.1016/j.jenvman.2026.130977

Wenping Jiang, Jiaqi Zhou, Hua Zhang

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引用次数: 0

Abstract

China's economic trajectory has shifted from prioritizing rapid growth toward emphasizing quality, efficiency, and sustainability, making corporate sustainable development (CSD) an increasingly critical imperative. Yet how government-guided environmental regulation, such as China's green manufacturing certification (GMC), shapes CSD remains insufficiently understood. Exploiting the implementation of the GMC program, this study examines the relationship between GMC and CSD among Chinese listed manufacturing firms over 2009-2024. Employing a staggered difference-in-differences design, we find that GMC is significantly associated with improved CSD. Further analyses indicate that GMC is linked to eased financing constraints, stimulated green innovation, and enhanced media attention. The positive association between GMC and CSD is particularly strong among larger firms and firms operating in less competitive industries. This study provides empirical support for the effectiveness of such incentive-based policy instruments, offering practical implications for policymakers seeking to advance firm-level sustainability.

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从标签到行动：绿色制造认证推动企业可持续发展吗？

中国的经济发展轨迹已经从优先考虑快速增长转向强调质量、效率和可持续性，这使得企业可持续发展（CSD）变得越来越重要。然而，政府引导的环境监管，如中国的绿色制造认证（GMC），是如何塑造CSD的，人们还没有充分了解。本研究以2009-2024年中国制造业上市公司GMC实施情况为研究对象，考察了GMC与CSD之间的关系。采用交错差中差设计，我们发现GMC与改进的CSD显著相关。进一步的分析表明，GMC与缓解融资约束、刺激绿色创新和提高媒体关注度有关。GMC和CSD之间的正相关关系在较大的公司和在竞争较弱的行业中运营的公司中尤为强烈。本研究为这种基于激励的政策工具的有效性提供了实证支持，为政策制定者寻求提高企业层面的可持续性提供了实际意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Environmental Management 环境科学-环境科学

CiteScore

13.70

自引率

5.70%

发文量

2477

审稿时长

84 days

期刊介绍： The Journal of Environmental Management is a journal for the publication of peer reviewed, original research for all aspects of management and the managed use of the environment, both natural and man-made.Critical review articles are also welcome; submission of these is strongly encouraged.