This study investigates how digital transformation can affect ESG performance within China’s unique environment. Using data from Chinese A-share listed firms from 2009 to 2022, this paper reveals digital transformation can positively affect ESG performance. Within the mechanism, customer concentration plays a medicating effect and organizational structure stability plays a positive moderating effect. Besides, the effect of digital transformation on ESG performance is more pronounced in Chinese western enterprises, non-heavy polluting industries and large-size enterprises. To our knowledge, this paper is one of the pioneering studies that examines the relationship between digital transformation and ESG performance from the perspective of supply chain management.

In the era of digital economy, innovation in industrial chain and supply chain is an important part of industrial transformation and upgrading, and also an inevitable choice for enterprises to win competitive advantages. The competition between enterprises is not only about products and services, but also about the industry chain, supply chain, and value chain; The autonomy and controllability of the supply chain and its management level determine the quality of enterprise operation and development. This paper analyzes the characteristics of Midea Group's intelligent supply chain management, discusses the supply chain financial characteristics of Haier, Sany Group and Xiaomi, and confirms the importance of industrial chain and supply chain Financial innovation for high-quality development of manufacturing industry. Pointing out the necessity and feasibility of digital technology empowering innovation in logistics and supply chain management, smart supply chain is the guarantee for large-scale personalized customization, and supply chain finance plays an important role in the development of industrial clusters.