Research areas and priorities
Research scope
- Climate finance—climate risk pricing; green finance
- ESG disclosure and firm performance—corporate reporting and disclosure quality, ESG ratings and assurance, regulatory convergence, and the real effects of disclosure on firm value, financing, and performance
- Sustainable operations—circular supply chains; low-carbon operations; SME green adoption
- Social and governance—corporate governance stakeholders; DEI and social performance
- Cross-cutting—digitalisation and sustainability; China and global governance
Research methods
- Quantitative empirical analysis (panel data econometrics, causal inference, difference-in-differences, instrumental variable analysis)
- Big data and textual analysis for ESG disclosure and climate risk measurement
- Theoretical modelling and policy simulation analysis
- Case studies and industrial field research on sustainable operations
- Cross-country comparative institutional analysis
Research activities and opportunities
Core research activities
- Climate finance and risk resilience We examine climate risk pricing in financial markets, the effectiveness of green finance instruments, and the economic impacts of carbon emissions trading schemes. Active work includes modelling natural disaster risks and green innovation pathways to build climate-resilient economies, and evaluating the role of ESG investment in supporting the transition to net-zero.
- ESG disclosure, governance and firm performance We analyse the evolution of ESG reporting standards, disclosure quality and assurance practices, and identify the causal effects of ESG performance on firm value, financing access, trade credit and operational resilience. Current projects assess the market impacts of global regulatory shifts including ISSB Scope 3 emissions validation and restart of China’s certified emission reduction market.
- Sustainable and low-carbon operations Our research advances circular supply chain design, low-carbon manufacturing practices, and the diffusion of sustainable technologies across industrial sectors. Key ongoing projects include supplier base reconfiguration amid net-zero transition, digital technologies supporting integration across industrial value chains, and sustainable diffusion of new energy vehicles from an institutional transition perspective.
- Social governance and inclusive value chains We investigate corporate governance structures, stakeholder engagement, and diversity, equity and inclusion (DEI) outcomes, as well as the social dimensions of digital transformation in global supply chains. We also explore how digital governance mechanisms shape supplier transparency and mitigate opportunism.
- Cross-cutting: digitalization and China-global governance Across all themes, we explore how technologies including generative AI, big data analytics and blockchain reshape sustainability outcomes. We also conduct comparative institutional analysis of China’s sustainability governance models and their implications for global climate and ESG regimes.
Research opportunities
We run a regular programme of events to share research and facilitate cross-sector dialogue:
- Cluster Talks Seminar Series: A monthly flagship seminar featuring leading international scholars presenting cutting-edge sustainability and ESG research. Past speakers include experts from the University of Glasgow, the University of Edinburgh, Capital University of Economics and Business and Nanjing Audit University.
- Thematic workshops and conferences: We co-organise international conferences and focused workshops on sustainability and ESG-related topics including AI applications in sustainability research and sustainable growth in the Chinese economy.
- Student research workshops: Regular skill-building workshops for postgraduate students covering research methods, academic writing and conference presentation.
UN research project sharing: the case of advancing entrepreneurial universities in Africa
Speaker: Dr. Yee Kwan Tang, Senior Lecturer, University of Glasgow
Date: 21 October, 2024
The Digital Rule of Law and ESG: Evidence from Smart Courts
Speaker: Prof. Feng He, Professor, Capital University of Economics and Business
Date: 1 November, 2024
Does Vertical Environmental Governance Reduce Water Pollution at Borders? Evidence From a Pilot Experiment in Shaanxi, China
Speaker: Dr. Huanxiu Guo, Assistant Professor, International College of Nanjing Audit University
Date: 22 November, 2024
Race to the Bottom: Carbon Leakage through Cross-border M&A
Speaker: Dr. Chao Yin, Senior lecturer, University of Edinburgh Business School
Date: 17 December, 2024
Occupations and Professions, Patents and Intellectual Property Rights
Speaker: Dr. Yanfeng Zheng, Associate Professor, Hong Kong University of Science and Technology
Date: 28 February, 2025
Sea Level Rise Risk and the Cost of Equity Capital
Speaker: Dr. Yang Zhao, Senior Lecturer, University of Liverpool
Date: 18 April, 2025
Accountable Developers, Accessible Homes: Regulatory Pathways to Expanding Home Ownership
Speaker: Prof. Sumit Agarwal, Professor, National University of Singapore
Date: 15 May, 2025
Incomes, Aspiration Adaptation, and Happiness: Evidence from China
Speaker: Dr. Jinyang Yang, Assistant Professor of Economics, Huazhong University of Science and Technology
Date: 16 May, 2025
Does regulatory oversight discipline ESG funds to walk the talk?
Speaker: Dr. Lisa Chengzhu Sun, Associate Professor, The Hong Kong Polytechnic University
Date: 5 September, 2025
Turning Invisible: Do Firms Change Their Advertising Strategies after ESG Reputational-Damaging Events?
Speaker: Dr. Weikai Li, Associate Professor, City University of Hong Kong
Date: 10 October, 2025
Eco-Efficiency Improvements and Total Resource Use: Explaining Backfire and Super-Conservation
Speaker: Dr. Régis Chenavaz, Associate Professor, Kedge Business School
Date: 14 November, 2025
Can CSR act as Insurance Against Public Crises? Stock Market Reaction during COVID-19 in China
Speaker: Prof. Xiaoping Zhao, Professor, Southwestern University of Finance and Economics
Date: 17 November, 2025
- What AI can help in research Date: 9 December 2024
- The 11th International Conference on The Chinese Economy: Past, Present and Future Date: 14 December 2024
- Workshop on Chinese Economy and Sustainable Growth Date: 14 December 2024
- Academic-Industry Symposium on “Bridging Academia and Industry: ESG Practices for Sustainable Value Creation” Date: 16 May, 2025
- Advancing ESG Investing in ASEAN and East Asia: Best Practices, Impact Analysis, and Future Prospects Date: 21 April, 2025 – 22 April, 2025
- S&P Global ESG Databases Workshop Date: 26 August, 2025
Research partners and collaborations
The RCE Cluster of Sustainability and ESG prioritizes cross-disciplinary synergy, building a multi-stakeholder network that bridges academic research, industy practice, policy-making and global expertise to translate sustainability insights into tangible impact.
- Academic cross-disciplinary partners
We collaborate with leading universities and research institutions worldwide across environmental economics, operations management, financial governance, data science and other complementary fields, undertaking joint research and co-training programs. We also run the Yangtze River Delta Research Base for SAMPT Innovation and Sustainability as a regional hub for interdisciplinary empirical research and policy development.
- Industry cross-sector partners
We partner with enterprises spanning new energy, financial services, manufacturing and logistics to address interdisciplinary topics such as low-carbon transition, digitally-enabled sustainability and ESG practice. Through joint industry-academic projects, in-company consulting and co-development of standards, we turn research outcomes into practical solutions.
- Policy and institutional partners
We work with regulatory authorities and policy think tanks to provide evidence-based, cross-disciplinary inputs for carbon market design, environmental governance reform and industrial low-carbon transformation policymaking.
- NGO partners
We engage with non-governmental organisations and global sustainability bodies to advance shared sustainability agendas, conduct cross-country comparative research, and contribute to the development of global ESG governance frameworks.
Our collaboration models include joint research projects, co-supervised student research, policy advisory services and co-hosted academic events. We welcome new cross-disciplinary partnership proposals aligned with our mission.
About
About Cluster
The RCE Cluster of Sustainability and ESG is an interdisciplinary research platform that explores the role of business in sustainable development. We conduct rigorous, internationally engaged research on climate finance, ESG disclosure, sustainable operations, and social governance — translating evidence into solutions for industry, policy, and the wider business community.
Vision
To be a leading interdisciplinary platform where rigorous research on sustainability and ESG shapes business practice and policy in China and globally.
Mission
Director’s message
The global sustainability landscape is undergoing significant change, driven by climate urgency, evolving ESG regulatory frameworks, and the accelerating green transition among businesses. Against this backdrop, the RCE Cluster of Sustainability and ESG is positioned to bridge frontier academic research with real-world sustainable development challenges.
Our cluster centres on evidence-based, problem-driven interdisciplinary research, prioritizing high-quality empirical studies, rigorous quantitative and causal identification methods, and policy-relevant theoretical exploration. Rather than focusing solely on theoretical discussion, we emphasise actionable research that responds to global climate governance demands, corporate ESG compliance needs, and industrial low-carbon transformation trends.
Moving forward, on the Cluster has three core strategic priorities: firstly, to produce internationally competitive research on climate economics and ESG governance; secondly, to build a continuous academic exchange platform connecting global leading scholars and local young researchers; and thirdly, to strengthen industry-academia collaboration to deliver tangible sustainability impact.
We welcome scholars, industry partners, and early-career researchers from around the world to join our collaborative ecosystem and to contribute to inclusive, low-carbon, and responsible economic development.