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Exploring Key Factors Influencing ESG Commitment: Evidence from Taiwanese Listed Companies

Author

Listed:
  • Kai-Chao Yao

    (Department of Industrial Education and Technology, National Changhua University of Education, No. 1, Jin-De Rd., Changhua 500, Taiwan)

  • Cheng-Chang Lai

    (Department of Industrial Education and Technology, National Changhua University of Education, No. 1, Jin-De Rd., Changhua 500, Taiwan)

  • Wen-Jye Shyr

    (Department of Industrial Education and Technology, National Changhua University of Education, No. 1, Jin-De Rd., Changhua 500, Taiwan)

  • Da-Fang Chou

    (Department of Industrial Education and Technology, National Changhua University of Education, No. 1, Jin-De Rd., Changhua 500, Taiwan)

  • Kun-Ming Huang

    (Department of Industrial Education and Technology, National Changhua University of Education, No. 1, Jin-De Rd., Changhua 500, Taiwan)

Abstract

This study addresses critical Environmental, Social, and Governance (ESG) research gaps in Asia by developing a validated and holistic framework tailored to Taiwanese listed companies. Integrating the Resource-Based View (RBV), Institutional Theory, and Stakeholder Theory, the framework encompasses five key dimensions relevant to ESG commitment: Corporate Governance, Regulatory Pressure, Stakeholder Influence, Financial Performance, and ESG Implementation. This study adopts a two-round Delphi method involving 15 cross-sector ESG experts and uses a 7-point Likert scale questionnaire to validate 40 ESG sub-indicators. The research offers significant theoretical and practical contributions. Academically, it integrates multiple theoretical perspectives, providing a more comprehensive and enriched understanding of the key drivers influencing ESG commitment. It offers robust empirical validation within the specific Taiwanese context, thereby contributing to the body of knowledge in ESG research. Practically, it provides structured guidance for enhancing ESG readiness, empowering companies to implement more effective and impactful ESG strategies, and offers a practical tool for improving ESG performance. Furthermore, this framework’s adaptability positions it as a scalable model for ESG assessment and strategic alignment across Asia, providing valuable insights for policymakers and businesses seeking to advance sustainable development in the region.

Suggested Citation

  • Kai-Chao Yao & Cheng-Chang Lai & Wen-Jye Shyr & Da-Fang Chou & Kun-Ming Huang, 2025. "Exploring Key Factors Influencing ESG Commitment: Evidence from Taiwanese Listed Companies," Sustainability, MDPI, vol. 17(13), pages 1-22, July.
    • Handle: RePEc:gam:jsusta:v:17:y:2025:i:13:p:6208-:d:1696102
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    References listed on IDEAS

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