Financing Climate Action Through Fair Taxation: How SDG Engagement Reduces Corporate Tax Avoidance
研究了2019-2023年81个国家7213家企业的数据，发现企业披露可持续发展目标越多，避税行为越少，表明负责任的企业将纳税视为气候行动的一部分。
ABSTRACT The transition to a low‐carbon economy, central to achieving Paris Agreement targets and Sustainable Development Goal 13 (Climate Action), requires unprecedented public and private investment. A significant climate financing gap persists, however, exacerbated by corporate practices that erode the public revenue base. This paper investigates a critical, yet often overlooked, component of corporate responsibility: tax avoidance. We examine the impact of firm‐level sustainable development goal (SDG) disclosure on corporate tax avoidance using an international sample of 7213 firms operating in 81 countries over the period 2019–2023. Our analysis reveals a robust inverse relationship between SDG disclosure and corporate tax avoidance, suggesting that firms more engaged with sustainability are also more responsible in their fiscal conduct. This result holds when using alternative model specifications and controlling for endogeneity concerns through a two‐stage least squares (2SLS) model. In line with stakeholder theory, these findings indicate that socially responsible firms view tax avoidance as an illegitimate activity, aligning their financial practices with their public commitments. By demonstrating that SDG‐conscious firms contribute more equitably to public finances, this study frames tax responsibility as a tangible and essential element of corporate climate action. It provides crucial evidence for policymakers and investors that encouraging comprehensive SDG engagement can strengthen the financial foundations for a sustainable transition.