The synergistic effect of green innovation and governance in carbon neutrality: Insights from Japanese companies

Japan is firmly committed to transitioning to a low‐carbon economy to address climate change. This research focuses on the role of innovation and governance in achieving carbon neutrality among Japanese companies listed on the Tokyo Stock Exchange from 2017 to 2023, particularly in all carbon dioxid...

Full description

Saved in:
Bibliographic Details
Published in:Business strategy and the environment 2024-12, Vol.33 (8), p.8055-8066
Main Authors: Keerthana, Krishnamurthy Baskar, Wu, Shih‐Wei, Kokulnathan, Thangavelu, Wu, Mu‐En
Format: Article
Language:English
Subjects:
Carbon dioxide
Carbon neutrality
Climate action
Climate change
CO2 emissions
Corporate governance
Emissions control
environmental governance
Environmental social & governance
ESG
green innovation
Innovations
Multivariate analysis
Neutrality
Quantitative analysis
Regression analysis
Robustness
Statistical analysis
Stock exchanges
Sustainability
Synergistic effect
Tokyo Stock Exchange
Citations: Items that this one cites
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Japan is firmly committed to transitioning to a low‐carbon economy to address climate change. This research focuses on the role of innovation and governance in achieving carbon neutrality among Japanese companies listed on the Tokyo Stock Exchange from 2017 to 2023, particularly in all carbon dioxide‐contributing sectors. Through multivariate statistics, regression modeling, and quantitative literature analysis, we provide robust evidence of the relationship among innovation, governance, and carbon neutrality. The findings highlight the importance of fostering a sustainability‐oriented culture to drive sustainable innovation and achieve carbon neutrality. We compared the environmental, social, and governance (ESG) and governance to expand our scope. Its results underscore the significance of strong corporate governance in facilitating sustainable initiatives. A robustness test is included to finalize that the samples have avoided endogeneity. These findings demonstrate a positive outlook for Japan's future emissions reduction.
ISSN:0964-4733
1099-0836
DOI:10.1002/bse.3922