| With the concept of sustainable development and the goal of "double carbon",the ESG concept,which focuses on environmental,social and governance issues,is gradually gaining attention and has become a crucial factor for enterprises to achieve sustainable development.However,while the economy is developing at a fast pace,there are many problems in ESG,especially in the non-ferrous metals industry,where there are natural risks in ESG,and it is urgent to improve the current situation and promote sustainable development through ESG governance.However,ESG concept has not been developed in China for a long time,the domestic ESG-related institutional system is not perfect,and the case studies on ESG governance are not sufficient to provide reasonable and effective theoretical support and behavioral guidance for enterprises to carry out ESG governance.Therefore,it is important to select enterprises with good ESG performance in the industry,investigate their ESG governance behaviors and effects,and summarize the experience of effective ESG governance,which will be an important reference for other enterprises to carry out ESG governance.Based on this,this paper selects Zijin Mining,a representative company in the non-ferrous metals industry,as a case company to explore its ESG governance behavior and governance effect,so as to provide reference for other companies.Under the theoretical guidance of sustainable development theory,corporate social responsibility theory and information asymmetry theory,this paper analyzes the specific behavior of ESG governance of the case company in three dimensions:protecting ecological environment,fulfilling social responsibility and improving governance responsibility,followed by analyzing the case companies from two aspects: sustainable development effectiveness and corporate performance We then analyze the effects of ESG governance in the case companies from two aspects:sustainable development effectiveness and corporate performance,and summarize the experiences and inspirations worth learning from the ESG governance of the case companies.It is found that with effective ESG governance mechanism,Zijin Mining has achieved certain results in terms of sustainable development and corporate performance.In terms of environment,the company has effectively reduced the intensity of resource consumption and pollutant emissions in wastewater,waste gas,general waste and hazardous waste,and restored the surrounding ecosystem to a certain extent;in terms of society,it has paid attention to the basic rights and career development of employees,safeguarded the health and safety of stakeholders,built a high-quality supply chain,and promoted community economic development;in terms of governance,the Board of Directors has actively fulfilled its In terms of governance,the Board of Directors has actively fulfilled its governance responsibilities and anti-corruption measures have been effective;in terms of overall ESG performance,Zijin Mining’s ESG rating has increased year on year and its ESG performance is among the leading in the industry;in terms of corporate performance,Zijin Mining’s core business has seen production growth,cost growth has slowed or even decreased and financial performance has improved significantly.In addition,it is found that the ESG ecosystem combined with corporate characteristics,strong R&D and innovation,high-quality supply chain,progressive improvement of information disclosure and active forensics on ESG reports are the keys to the success of ESG governance of Zijin Mining.The research in this paper can provide reference for other enterprises to conduct ESG governance,promote the construction and improvement of China’s ESG system,help the sustainable development of enterprises and society,and also enrich the domestic ESG research system. |
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