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Abstract This study explores how public utilities in Japan demonstrate the achievement of both growth and environmental conservation, by using financial performance and environmental impact data from publicly traded companies of power, gas, transport, telecommunication, and postal services before and during the COVID-19 pandemic. First, the regression analyses confirm the Environmental Kuznets Curve (EKC) hypothesis and an inverted N-shaped curve in 2019, 2020, and 2021. Second, the deciding factors are the result of the interaction of the following five points, which have been more encouraged and promoted in Japan in recent years: (1) regulatory reforms such as energy market opening; (2) investors’ emphasis on environment, society, and governance (ESG); (3) guidelines and assessments by economic organizations, rating agencies, and environmental nonprofit groups; (4) citizens’ professional ethics and willingness for environmental conservation and social contribution; and (5) endogenous efforts by the public utilities as members of society. Third, an approach that focuses on ESG and total shareholders return (TSR) can contribute not only to the achievement of both growth and environmental conservation but also to the expansion of the academic literature. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-07-09 How to Cite Tsujimoto, M. (2023). Public Utilities’ Corporate Growth and Environmental Conservation: Evidence from Japan. International Journal of Energy Economics and Policy, 13(4), 404–422. https://doi.org/10.32479/ijeep.14405 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 4 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Masao Tsujimoto, Achievement of both Growth and Environmental Conservation by Digital Platform Providers , International Journal of Energy Economics and Policy: Vol. 12 No. 4 (2022) Make a Submission Make a Submission Dergi Kapağı

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