Investment on environmental social and governance activities and its impact on achieving sustainable development goals: evidence from Chinese manufacturing firms

Abstract

Achieving sustainable development goals (SDGs) is a global requirement that attracts new researchers and regulators. So, the current research investigates the impact of investment on the environment, social, and governance (ESG) activities on the achievement of SDGs of the Chinese manufacturing companies. The current article also examines the mediating impact of organizational effectiveness among the nexus of investment in ESG activities and the achievement of SDGs of the Chinese manufacturing companies. The current research has taken the questionnaires to gather the data and used the smart-PLS to analyze the data. The results exposed that investment in the environment and social activities have a positive impact on the achievement of SDGs. The findings also revealed that the organizational effectiveness significantly mediates among the nexus of investment in the environment and social activities and the achievement of SDGs of the Chinese manufacturing companies. This study provides help to the relevant authorities to achieve the SDGs using the investment in ESG activities.