Research On Financial Development Capability Of Iron And Steel Enterprises Under Carbon Neutralization

With the rapid development of human society,the carbon dioxide emissions of related industries and the resulting global warming,environmental pollution and other issues have become the focus of the times.The steel industry supports the national economy and national defense construction.However,the steel industry is under enormous pressure due to high pollution.One of the main factors affecting the environment is the production and emission of carbon dioxide and other greenhouse gases.my country’s "14th Five-Year Plan" and the long-term goal of 2035 put forward that the key task of the future economic development of the steel industry is to do a good job of carbon peaking and carbon neutrality.The theory of social responsibility requires enterprises to balance economic,environmental and social factors when making economic decisions,that is,when enterprises make economic decisions related to carbon emissions after the “carbon neutrality” strategy is proposed,they must focus on energy conservation and emission reduction,and undertake corresponding social responsibility.How to make financial decisions,improve financial capabilities,and stabilize the core competitiveness of enterprises in the iron and steel industry under this background needs further exploration and research.Taking Baosteel Co.,Ltd.as a case,this paper first analyzes the current development status of my country’s iron and steel industry,and after having a preliminary understanding of the basic situation of Baosteel Co.,Ltd.,combined with the development background of carbon neutrality,selects relevant indicators,and evaluates and analyzes the solvency and operating capacity.,profitability and development ability,especially analysis of development ability,environmental protection investment,indepth analysis of Baosteel’s financial ability,and then use entropy weightTOPSIS method to comprehensively evaluate Baosteel,and get Baosteel’s position among the same industry.ranking.The study found that under the background of carbon neutrality,environmental protection investment has become the main factor affecting the financial development ability of enterprises;Baosteel’s investment in technology research and development and environmental protection management to achieve carbon emission reduction will lead to increased production costs and decreased operating profits.It is far from enough for iron and steel enterprises to rely on traditional methods to improve their financial capabilities,and it is necessary to combine the background of low-carbon development to achieve sustainable development in the future.On the basis of this research,a series of countermeasures and suggestions are put forward,such as choosing green financing,establishing a carbon asset management system,focusing on core technology development,reasonably investing in environmental protection,and selecting suppliers with strong environmental protection concepts.The research in this paper can provide reference for the future development of Baosteel’s finance,improve the enterprise’s financial ability,stabilize and enhance its core competitiveness,and also provide reference for other enterprises in the steel industry.