Author(s)

Xinyi Guan ¹, Libin Zeng ¹, Xusheng Zhang ¹

Affiliation(s)

¹ Guangdong Medical University, Dongguan, Guangdong, China

Corresponding Author

Libin Zeng

ABSTRACT

Against the backdrop of the "double carbon" goals and global sustainable development, this study investigates the role of ESG in enhancing the international competitiveness of pharmaceutical firms, using WuXi AppTec as a representative case. Drawing on stakeholder theory, competitive advantage theory, and the resource-based view, the paper analyzes operational data and ESG practices from 2018 to 2024. By establishing an evaluation system encompassing profitability, R&D, and internationalization, the research employs the entropy method to measure comprehensive competitiveness and applies grey relational analysis to assess the impact of environmental, social, and governance dimensions. Results demonstrate a strong positive correlation (0.8957) between ESG performance and international competitiveness, with the social dimension showing the most significant influence, followed by the environmental dimension, whereas the governance dimension remains an area for improvement. Consequently, the study suggests that pharmaceutical enterprises should align ESG strategies with internationalization efforts, optimize governance, boost green R&D, and enhance social responsibility frameworks to secure global competitive advantages.

KEYWORDS

WuXi AppTec; ESG; Corporate international competitiveness; Grey correlation

CITE THIS PAPER

Xinyi Guan, Libin Zeng, Xusheng Zhang. A Study on the Impact of ESG Responsibility Implementation on the International Competitiveness of Pharmaceutical Companies—A Case Study of WuXi AppTec. Accounting and Corporate Management (2026). Vol. 8, No. 1, 79-91. DOI: http://dx.doi.org/10.23977/acccm.2026.080111.

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