Study On The Impact Of Environmental Responsibility On Financial Performance Of Baosteel

Belongs to high pollution industry,iron and steel industry has a special status in the national economic development,in today’s vigorously promote energy conservation and emissions reduction under the background of mode of production and way of life,more and more public begin to pay close attention to corporate environmental responsibility,every enterprise gradually speed up the formation of resource conservation and environmental protection of the industrial structure,improve the corporate image and competitiveness,at the same time the enterprise to perform environmental responsibility can affect its financial performance,based on the earlier did a lot of work in the environment protection of baosteel as an example,focuses on the present situation of baosteel to environmental responsibility,perform environmental impact on financial performance,and analyzes the problem,gives the countermeasure and summarizes the enlightenment.This thesis systematically expounds the sustainable development theory,stakeholder theory,social responsibility theory,and analyzes the impact mechanism of corporate environmental responsibility on profitability,operation ability,debt paying ability and development ability.On this basis,the collection of baosteel first seven years of environmental protection investment,research and development spending,suppliers through the environment management system certification,green product sales,energy consumption and pollutant discharge,such as data through the five aspects of environment strategy,environment system,environmental enforcement,environmental monitoring and environmental outcomes,comprehensively analyzed about the present situation of baosteel to environmental responsibility,it can be seen that the enterprise’s contribution on the performance of environmental responsibility.Then select multiple indexes from four ability,profitability to select the cost profit margin,operating profit margin,sales net interest rate,the operation ability to select the inventory turnover,debt paying ability aspect from short-term solvency and long-term solvency to select the quick ratio and asset-liability ratio respectively,development ability to select the operating income growth rate,so as to measure the financial performance of enterprises,and combining the environmental protection investment intensity,corporate cash flow,income tax relief,net profit,the intensity of government subsidies,such as data,as well as the financial indicators data of Liusteelco,Ansteel and industry average,The impact of environmental responsibility on financial performance is comprehensively analyzed,and the conclusion is drawn that the performance of environmental responsibility reduces financial performance in the short term and improves financial performance in the long term.Then according to the study and understand the foregoing,found that there is also insufficient to baosteel in the performance of the environmental liability,respectively from the loss of environmental information disclosure of false,cutting-edge green products proportion is low and the base of environmental protection development imbalance in three aspects,as a result of these problems would have a negative impact on corporate financial performance,to solve above problems are real detailed environmental information disclosure,strengthen environmental protection technology research and development,and balance base three countermeasures to environmental protection,in order to help baosteel faced up to their deficiencies and correct them.In the end,Baosteel can improve its corporate image by paying attention to environmental information disclosure,rationally allocating resources to reduce operational risks,expanding its R&D team to enhance its core competitiveness,and carrying out environmental information exchange to expand its brand influence.In this way,Baosteel can give inspirations to the industry from four perspectives,so as to improve its financial performance.