This study explores the complex relationships involving ecological footprints, energy use, carbon emissions, governance efficiency, economic prosperity, and financial stability in South Asian nations spanning the period from 2000 to 2022. Employing various methodologies such as cross-sectional dependence tests, co-integration analysis, and first- and second-generation unit-root tests, we use a panel Autoregressive Distributed Lag model, feasible generalized least squares, and Panel Corrected Standard Errors to ensure the robustness of our findings. We find noteworthy positive correlations between several variables, including heightened ecological consciousness, effective governance structures, increased GDP per capita, and amplified CO₂ emissions. These relationships suggest potential pathways to strengthen the financial stability of the entire region; they also highlight the latent potential of embracing ecologically sustainable practices to fortify economic resilience. Our results also underscore the pivotal role of appropriate governance structures and higher income levels in bolstering financial stability in South Asian countries. Interestingly, we also find negative coefficients associated with the use of renewable energy, suggesting that escalating the adoption of renewable energy could create financial instability. This finding stresses the importance of diversification in energy strategies, cautioning policymakers to carefully consider the financial ramifications of potentially costly imports of renewable energy sources while seeking to reduce carbon emissions, emphasizing the need to strike a balance between ambitious sustainability goals and the pursuit of sustained economic robustness in the region. In considering the implications of these findings, it is crucial to consider each country’s broader socioeconomic context. Our results offer valuable insights for policymakers in developing renewable energy strategies.

The following study examined how energy use and technological advancement impacted environmental sustainability in QUAD (US, Japan, Australia, and India) economies between 1991 and 2021. The study considers the generation of renewable energy, fossil fuel use, and the effects of economic expansion on environmental sustainability. The research used the moment quantile regression technique based on the outcomes of slope heterogeneity, cross-sectional dependence, and the order of the unit-root by the using second-generation method of cross-sectional augmented Im, Pesaran, and Shin tests. The study discovered that renewable energy production and technological innovation enhances environmental sustainability, whereas the use of nonrenewable energy and economic growth worsen it. When implementing policies regarding the environment, energy, and the growth of QUAD economies based on concrete evidence, policy makers and environmentalists in QUAD countries should also take into account the asymmetrical performance of efficiency in energy production, technological innovation, and economic growth.

This study delves into the interconnections among corporate social responsibility, green intellectual capital, green ambidextrous innovation, and sustainable performance, particularly in the context of Industry 4.0 and sustainability. A questionnaire-based survey was conducted, and a sample of 317 small and medium enterprises was collected. Using Partial Least Squares Structural Equation Modeling in Smart-PLS v4, the findings reveal a significant relationship between corporate social responsibility and sustainable performance, with green intellectual capital and green ambidextrous innovation serving as mediating factors. Moreover, the study highlights the moderating role of Industry 4.0 among green intellectual capital and green ambidextrous innovation with sustainable performance. These findings may guide the managers in designing and implementing CSR strategies beyond compliance and contributing to competitive advantage through green intellectual capital and green ambidextrous innovation for business success in the era of Industry 4.0.