In the face of escalating environmental challenges, gaining insights into their influence on corporate strategies has become crucial because it paves the way for proactive and adaptive measures. In view of this, the primary objective of study is to explore the relationship between climate vulnerability (CVN) and corporate green innovation (GIN). The study leverages a comprehensive dataset spanning 13 years (2010−2022) across enterprises within BRICS nations. The regression was conducted by employing system GMM model and robustness of analysis was checked by considering the quantile regression technique. The findings reveal a significant negative relationship between CVN and GIN, signifying that heightened vulnerability to climate hazards impedes corporations' capacity for green innovation. The adverse impact of CVN on corporate green innovation (GIN) persisted consistently across various facets. The study emphasizes the importance of strategic measures to counteract the adverse effects of climate vulnerability on green innovation. Corporate managers need to prioritize climate resilience strategies, integrating sustainable innovation into their business models to navigate environmental challenges and ensure long-term viability. This study makes a valuable contribution to the existing literature by investigating the influence of climate vulnerability on corporate green innovation, presenting a unique research focus that fills an apparent gap in the current body of knowledge.

中文翻译：

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适应与创新：气候脆弱性如何影响金砖国家的企业绿色创新

面对不断升级的环境挑战，深入了解其对企业战略的影响变得至关重要，因为它为主动和适应性措施铺平了道路。鉴于此，研究的首要目标是探讨气候脆弱性（CVN）与企业绿色创新（GIN）之间的关系。该研究利用了金砖国家企业 13 年（2010−2022 年）的综合数据集。通过采用系统GMM模型进行回归，并通过考虑分位数回归技术来检查分析的稳健性。研究结果揭示了 CVN 和 GIN 之间存在显着的负相关关系，这表明对气候灾害的脆弱性加剧阻碍了企业的绿色创新能力。 CVN 对企业绿色创新 (GIN) 的不利影响在各个方面持续存在。该研究强调了应对气候脆弱性对绿色创新不利影响的战略措施的重要性。企业管理者需要优先考虑气候适应战略，将可持续创新融入其商业模式，以应对环境挑战并确保长期生存能力。这项研究通过调查气候脆弱性对企业绿色创新的影响，对现有文献做出了宝贵的贡献，提出了独特的研究重点，填补了当前知识体系的明显空白。