| As China’s economy enters the new normal,the traditional sloppy growth model is unsustainable and the trend is a sustainable development model.ESG is in line with the concept of sustainable development,which is an important criterion to measure green develop.The cement industry is an important part of China’s economy,but the cement industry is also a typical energy-dependent industry,which is the crucial area of carbon peaking and carbon neutrality.An accurate evaluation of the ESG performance of the cement industry is of great significance in promoting the green transformation.ESG evaluation system is an evaluation tool and method formed under the influence of sustainable development.ESG evaluation system is obviously different from the traditional financial performance evaluation system.At present,the mainstream ESG evaluation systems in China include MSCI,FTSE Russell,SynTao Green Finance,and other China Securities.Most of the existing systems are divided into three levels and set industry model.However,the rating results of different rating agencies vary greatly due to different principles.At the same time,the existing evaluation system lacks an evaluation system for a certain sub-industry.Therefore,this paper aims to enrich current ESG evaluation systems of the cement industry and evaluate its ESG performance more accurately.This paper screens 31 indicators according to the characteristics of the cement industry and mathematical algorithms and applys the AHP-TOPSIS evaluation method.It was found that the overall ESG performance of the sample companies was poor,there was uneven development of individual ESG dimensions.Furthermore,management awareness,mandatory disclosure policies and corporate nature could affect ESG scores.The paper further compares the rating results with the existing system,and the results show that the two rating results generally remain consistent.Finally,the paper makes two suggestions for possible problems in applying the system. |
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