A Study On The Impact Of Energy Saving And Emission Reduction On Business Performance In China’s High Energy Consumption Enterprises

The contradiction between economic development and resource environmentbecomes more and more serious, low carbon economy began to spread all over the world,China has gradually begun the transition to a low carbon economy. Enterprises as the mainbody of economic development, is the main body to implement energy-saving emissionreduction transformation, energy-saving emission reduction has what kind of impact onenterprise development need to study. Effect of energy saving and emission reductionresearch enterprise to its performance, especially the effect of energy saving and emissionreduction of high energy consumption enterprises on its operating performance,reasonable planning energy-saving emission reduction structure on the enterprise, hasimportant significance in realizing the transition to a low carbon economy.Firstly, from the sustainable development angle, enterprise symbiosis, stakeholdertheory analysis of mechanism of enterprise energy-saving emission reduction impact onbusiness performance. Think the enterprise energy-saving emission reduction can helpcompanies achieve tangible resources, intangible resources such as human resources, theaccumulation of. In order to promote the enterprises to improve business performance.The paper uses empirical methods to verify this hypothesis. The paper chooses China’shigh-energy high pollution industries as the analysis samples, select the financial data of2007-2012A shares of listing Corporation as the research sample, the comprehensiveenergy consumption yuan output value reflect the level of enterprise energy consumptionindex, million yuan output value of sulfur dioxide emissions reflect the pollution dischargestandards, rate of return on net assets and net profit on sales three indicators as enterpriseperformance index to rate of return on assets,, using panel data regression model toanalyze the effect of energy saving and emission reduction on the performance ofenterprises.The empirical results show, reduce the level of enterprise energy consumption,pollution emission levels in the current on business performance has a significant positiveeffect. But in the long term this effect will be sustained, long-term also has a powerfultrend. Empirical validation of the results of the theoretical analysis, the enterprise energy-saving emission reduction can help enterprises to improve the operatingperformance, the long term is helpful to improve the competitiveness of sustainabledevelopment. This provides the theoretical and empirical support for the implementationof energy-saving emission reduction policies of enterprises in our country. Put forwardthree aspects of policy recommendations at the end of the paper, from the energy-savingemission reduction environment, energy-saving emission reduction and energy-savingemission reduction ability.