Does the Average Age of Executives Affect the ESG Performance of Enterprises?

Abstract

In today's global business environment, the importance of ESG has been widely recognized globally. This article uses data from 4578 A-share listed companies from 2015 to 2021 to study the impact of the average age of executives on ESG performance. The results show that the average age of executives is significantly positively correlated with ESG performance. For the three specific aspects of ESG, as the average age of executives increases, the performance of environmental (E) and social (S) also shows a better trend, but the performance of corporate governance level (G) is worse. This study suggests that companies should attach importance to the diversity of their executive teams, establish continuous training mechanisms, and develop clear ESG strategies and goals. This study provides more accurate guidance for enterprise decision-making, ESG management, and executive selection, and helps companies select and cultivate executives more accurately to ensure that the executive team is aligned with the company's ESG goals.