Research On Performance Evaluation System Of Coal Enterprises Based On GEVA-BSC

Nowadays,global environmental pollution and energy scarcity are worsening,and sustainable development has become a common challenge for all countries in the world.In China,sustainable development has been elevated to the level of national strategy.As an integral part of the market economy,the performance of enterprises is a key factor affecting the national sustainable development plan.The coal industry is one of the pillars of China’s economy and has a pivotal position in the development of China’s economy and society.However,the mining and production processing of coal enterprises have repeatedly suffered from environmental pollution,resource abuse,safety accidents and other undesirable phenomena.Obviously,the inherent rough economic development model of coal enterprises runs counter to the current requirements of low-carbon development.Therefore,designing a set of performance evaluation system based on the green development perspective and in line with the requirements of sustainable development,and applying it practically in the enterprise practice,can urge coal enterprises to strengthen their environmental protection efforts while seeking economic benefits,and stimulate the enthusiasm of enterprises to take social responsibility.Based on the above background,the article introduces the concepts of balanced scorecard and green economic value added,and makes further research under the scientific guidance of sustainable development theory,social responsibility theory and triple performance theory.In conducting the case study,the article takes Company Z,a representative coal company in China,as the case study object.It is found that the current performance evaluation method of Company Z has four major problems: over-emphasis on financial indicators,lack of assessment and incentives for environmental protection,failure to effectively reduce the risk of non-compliance,and poor linkage with corporate strategy.To optimize the performance evaluation method of Company Z,the article constructs a GEVA-BSC performance evaluation system based on a green development perspective.First,the authors decomposed the macro strategic objectives of Company Z into 13 specific directions using five dimensions: finance,customers,internal processes,learning and growth,and environmental protection as the entry points;second,34 performance evaluation indicators were selected according to the specific strategic orientation and business characteristics of Company Z;then,the weight size of each indicator was calculated by using expert scoring method and hierarchical analysis;next,by referring to the corporate Then,the standard values of different indicators were determined by referring to the standard values of enterprise performance evaluation and dimensionless processing of non-financial indicators;finally,the performance evaluation results were derived according to the scoring method.The authors applied the GEVA-BSC performance evaluation system to Company Z,reflecting that Company Z has problems such as inefficient use of assets,weak profitability,high resource consumption in production processes,and mismatch between the effectiveness of current environmental protection efforts and its strategic objectives.The authors conclude the article with this case study and hope that companies can strengthen the disclosure of non-financial information,develop rules and regulations for performance evaluation,establish an incentive system for performance evaluation and increase capital investment in environmental protection projects in order to effectively utilize the GEVA-BSC performance evaluation system for management in corporate practice.