ESG ratings and green patents: evidence from the top world’s R&D investors
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Keywords

ESG ratings
Green patents
R&D top investors

Abstract

By considering over 1,000 large corporations that are among the top R&D investors worldwide, this paper examines the relationship between ESG ratings and green patents over the years 2016-2018. We find significant associations between corporate ESG scores and green patents, indicating that the companies investing heavily in R&D are increasingly adopting and documenting ESG practices by targeting environmentally sustainable innovations.

https://doi.org/10.57638/3034-823ESGRD
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