The impact of ESG performance on corporate financial performance: an empirical study of China's manufacturing industry from 2019 to 2023

As the global climate change situation continues to intensify and China's "dual carbon" strategy is deeply implemented, ESG performance has become a key indicator for measuring a company's sustainable development capability. Taking Chinese manufacturing enterprises as a sample, this paper studies the impact path and dynamic effects of ESG performance on the financial performance of manufacturing enterprises, thereby revealing and explaining the proactive behaviors of enterprises in practicing ES