Research On Enterprise Environmental Performance Evaluation From The Perspective Of Carbon Emissions Trading

With the rapid development of China’s economy,in the past few decades,in order to rapidly improve the performance,many industries represented by the manufacturing industry in China have long adopted the extensive development model,while ignoring the environmental protection.Frequent environmental pollution events in recent years are the result of this development model.At the same time,China is also one of the largest emitters of CO2 and other greenhouse gases at present.China has the obligation to make mandatory emission reduction of CO2 and achieve sustainable development.The environmental performance of an enterprise is the consideration of its environmental governance results.The evaluation of environmental performance is conducive to timely understanding of the company’s environmental governance results.Carbon emission trading is conducive to environmental pollution control.However,China is still a beginner in carbon emission right trading,and there is almost no research literature on enterprise environmental performance from the perspective of carbon emission right trading.The research dimensions of carbon trading of scholars are very single,which is not conducive to the study of environmental protection strategies.Based on the perspective of carbon emission trading,this paper adopts data envelopment analysis(DEA)model to study the environmental performance of baosteel.The following parts are elaborated in this paper:The first part introduces the author’s research background,significance and ideas,and lists the research framework of this paper.The second part is a literature review.The author introduces the global literature on carbon emission trading,environmental performance and the relationship between the two.The third part is the theoretical analysis,which defines the concept of carbon emission right and carbon emission right trading,and expounds several theories based on carbon emission right trading and enterprise environmental performance.The fourth part is the background and current situation of China’s current carbon right trading system.The author has sorted out the relevant carbon emission right trading system issued by China since 2010,and made statistics on the trading data of China’s local carbon emission right trading market from 2013 to 2018.The fifth part is the construction of environmental performance evaluation indicators.It introduces the current environmental performance evaluation methods,compares the shortcomings of various methods,and finally selects the data envelopment analysis method to build the DEA analysis model.The sixth part selected a representative case in the industry-baosteel stock case analysis,and in-depth study of the impact of environmental investment on the financial performance of baosteel.The seventh part is the conclusion and the policy suggestion,this article proposes the suggestion from the government and the enterprise two aspects.The research conclusions of this paper mainly include the following aspects :(1)carbon emission right trading is compatible with the business objectives of green production of enterprises.(2)carbon emission right trading,in turn,can effectively promote enterprises to reduce carbon emissions and thus improve their environmental performance.(3)carbon emission right trading is an effective tool for enterprise environmental performance management.(4)DEA model is an effective tool for environmental performance evaluation.The innovation of this paper is to study the environmental performance evaluation of enterprises from the perspective of carbon emission right and improve the theory of environmental performance evaluation.In this paper,carbon emission right trading was incorporated into the environmental performance evaluation system of baosteel co.,LTD.,so as to provide reference basis for the environmental performance evaluation of iron and steel enterprises,energy-consuming industries and even the entire manufacturing industry.In addition,combined with the actual situation of baosteel co.,ltd.to analyze the impact of its environmental investment on financial performance.The main contributions of this paper are :(1)contribute to the improvement of environmental performance evaluation theory.(2)in this paper,carbon emission right trading was incorporated into the environmental performance evaluation system of baosteel co.,LTD.,so as to provide reference basis for the environmental performance evaluation research of relevant enterprises.(3)the environmental performance evaluation system constructed in this paper and the analysis of the fiveyear data of five iron and steel companies are helpful for the stakeholders of iron and steel enterprises and relevant environmental regulatory departments to timely and comprehensively understand the relevant information of environmental responsibility cost of enterprises through scientific and objective evaluation results.