Research on the Financial Risks of Cross-border E-commerce Enterprises under ESG Information Disclosure

Abstract

With growing global awareness of ESG (environmental, social, and governance) and increasing regulatory scrutiny, cross-border e-commerce companies face unique financial and ESG risks due to their cross-border operations. ESG risks for cross-border e-commerce are closely linked to financial risks. First, multinational regulations require companies to enhance ESG transparency, including compliance requirements such as the EU's Sustainable Finance Disclosure Regulation. Second, complex supply chains, controversial data privacy issues, and cultural differences increase potential risks. This article, focusing on the industry benchmark Anker, analyzes how its ESG disclosures impact its financial risks through a comprehensive case study and literature review. It also analyzes Anker's financial performance, including its solvency, profitability, and cash flow, to identify its financial risks. From an ESG perspective, it then reveals the transmission pathways and offers optimization recommendations.