Mitigation measures and control strategies relating to the novel coronavirus disease 2019 (COVID-19) have been widely applied in many countries to reduce the transmission of this pandemic disease. China was the first country to implement a strong lockdown policy to control COVID-19 when countries worldwide were struggling to manage COVID-19 cases. However, lockdown causes numerous changes to air-quality patterns due to the low amount of traffic and the decreased human mobility it results in. To study the impact of the strict control measures of the new COVID-19 epidemic on the air quality of Hubei in early 2020, the air-quality monitoring data of Hubei’s four cities, namely Huangshi, Yichang, Jingzhou, and Wuhan, from 2019 to 2021, specifically 1 January to 30 August, was examined to analyze the characteristics of the temporal and spatial distribution. All air-quality pollutants decreased during the active-COVID-19 period, with a maximum decrease of 26% observed in ${\mathrm{PM}}_{10}$, followed by 23% of ${\mathrm{PM}}_{2.5}$, and a minimum decrease of 5% observed in ${\mathrm{O}}_3$. Changes in air pollutants from 2017 to 2021 were also compared, and a decrease in all pollutants through to 2020 was found. The air-quality index (AQI) recorded an increase of 2% post-COVID-19, which shows that air quality will worsen in future, but it decreased by 22% during the active-COVID-19 period. A path analysis model was developed to further understand the relationship between the AQI and air-quality patterns. This path analysis shows a strong correlation between the AQI and ${\mathrm{PM}}_{10}$ and ${\mathrm{PM}}_{2.5}$, however its correlation with other air pollutants is weak. Regression analysis shows a similar pattern of there being a strong relationship between AQI and ${\mathrm{PM}}_{10}$ ($r^2$ = 0.97) and ${\mathrm{PM}}_{2.5}$ ($r^2$ = 0.93). Although the COVID-19 pandemic had numerous negative effects on human health and the global economy, it is likely that the reduction in air pollution and the significant improvement in ambient air quality due to lockdowns provided substantial short-term health benefits. The government must implement policies to control the environmental issues which are causing poor air quality in post-COVID-19.

The manufacturing organizations are threatening the earth and its wildlife because of their growing concern about environmental pollution and industrial waste. Hence, in the present study, the three potential solutions, Green Intellectual Capital, Environmental Management Accounting and Energy Efficiency, are evaluated for excelling the organizational operations towards business sustainability and attaining the Competitive Advantage. With the assistance of ‘Partial Least Square-Structural Equation Modelling’ on the dataset of 364 respondents from the manufacturing organizations in China, the outcome reported the positive and significant impact of all of the studied potential solutions in excelling and enhancing business sustainability and competitive advantage. Based on the findings, it is proposed that manufacturing organizations need to apportion due attention to developing the green intellectual capital, improve the level of consumption of energy and need to disclose their environmental management through proper Environmental Management Accounting.

A green and sustainable business environment has gained the attention of recent researchers and policymakers due to environmental and social issues globally. Therefore, the present research investigates the impact of corporate social responsibilities (CSR), green investment, green credit, and assets return on the stock return of the Chinese export industry. This study has taken the ten top export companies from China using the database of the Shanghai stock exchange. This study collected data from financial statements and stock exchange databases from 2009 to 2020. This study has used panel data analysis techniques such as robust standard error and fixed effect model (FEM) to examine the relations among the variables. The results revealed that CSR, green investment, green credit, and return on assets have a significant and positive association with the stock return of selected industries. These results imply that CSR instigates higher financial performance in the export industry; thus, improving CSR and sustainable financing promote socio-economic and societal development.

This study aims to investigate the relationship of firm performance and corporate social responsibility reporting and the moderating role of a firm’s life cycle stages in Chinese listed companies. We used the sample of all A-share listed firms on the Shanghai and Shenzhen stock exchanges for the period 2010 to 2020. The authors used pooled ordinary least squares (OLS) regression as a baseline methodology. Our regression results show that positive Corporate social responsibility (CSR) activity significantly reduces the performance of the firm. In addition, the negative link between positive Corporate social responsibility and a firm’s performance is more pronounced for firms in mature life cycle stages. Our results are robust to alternative proxy measures of ROA for firm performance, corporate social responsibility reporting, and life cycle stages. To control the possible problem of endogeneity, we use a one-year lag and 2SLS least squares regression. We find that firm performance has a statistically significant influence on CSR reporting. Moreover, we see that firms with high performance are more likely to report CSR activities than low-performance firms. Additionally, six out of ten control variables (Independent Director, Board Shares, State Owned Enterprise, Board Meeting, Chief executive officer Duality, and Firm Growth) have positive influences on CSR reporting. These findings hold for a set of robustness tests. Our results have implications for the development of CSR reporting in developing countries such as China. Our research suggests that, in China, firms with better financial performance undertake more CSR reporting. This paper contributes to the existing literature by investigating the effect of firm performance on CSR reporting and the moderating role of a firm’s life cycle stages in Chinese listed companies. Additionally, this paper enriches the current literature on CSR reporting and highlights the importance of a firm’s financial performance for better environmental performance and reporting.