Pollution reduction is one of the important challenges confronting contemporary business and society. Firms are largely responsible for undertaking sustainable business practices and initiatives as they are major contributors to global pollution. This study empirically examines how sustainable investment influences firm energy and carbon performance. Using a sample of 23,501 firm-year observations from 2440 unique firms over the period of 2002 to 2018 in G-6 countries (Canada, France, Germany, Japan, the United Kingdom, and the United States), we demonstrate that sustainable investment leads to better energy and carbon performance without compromising financial return. Our findings are robust to alternative variables, sub-samples, and different estimation techniques. This study contributes to the global discussion on sustainability and a low-carbon economy.

中文翻译：

---

公司层面的能源和碳绩效：可持续投资重要吗？

减少污染是当代企业和社会面临的重要挑战之一。企业在很大程度上负责采取可持续的商业实践和举措，因为它们是全球污染的主要贡献者。本研究通过实证检验了可持续投资如何影响企业的能源和碳绩效。使用六国集团国家（加拿大、法国、德国、日本、英国和美国）2002 年至 2018 年期间来自 2440 家独特公司的 23,501 个公司年度观察样本，我们证明可持续投资引领在不影响财务回报的情况下获得更好的能源和碳绩效。我们的发现对于替代变量、子样本和不同的估计技术是稳健的。