Research On The Motivation And Performance Of Green Governance In Z Company

China’s vision of "carbon neutrality" and "carbon peaking" has elevated green development to a new level,making green governance widely concerned by all sectors of society.For enterprises,green governance is an important research topic,which requires enterprises to obtain economic benefits under the premise of taking the responsibility of green governance,and is a powerful interpretation of companies’ social responsibilities.Currently,the relevant researches in China are mostly focused on the theoretical level,and there are also some empirical studies.But there are few researches at the application level.As an important basic and strategic industry in China,non-ferrous metal has the characteristics of high consumption,high pollution and high emission.So it is of certain value to carry out research on the green governance of non-ferrous metal industrial enterprises.This paper takes the green governance of Z Company,a leading one in nonferrous metal industry,as an example.By sorting out relevant studies at home and abroad,clarifying relevant concepts.And supported by sustainable development theory,social responsibility theory and triple bottom line theory.Firstly,introduce the development history,current situation and environmental pollution problems of nonferrous metal industry,as well as the profile of Z Company and the basis of selecting the case company.Secondly,analyze the motivation of the green governance behavior of the case company from the environmental,social and governance levels,and then adopt a series of targeted green governance paths from the motivation.Finally,analyze the effects of green governance on the environmental,social and financial levels by the indicator analysis method,and evaluate the performance of green governance comprehensively by the entropy weight method.The study found that the implementation of green governance has effectively improved the financial,environmental and social performance of the company.The effect of energy saving and emission reduction is significant and has positively promoted the social performance indexes,which reflects the company pays attention to environmental and social responsibilities in the process of green governance.The implementation also causes positive impact on the long-term financial achievement and enterprise value improvement in the governance level.However,it causes negative impact on the short-term financial achievement in terms of solvency and growth,making short-term performance poorThe conclusion of this study is helpful for scientifically evaluating the green governance performance of case companies.Meanwhile,it will guide peer companies to be able to learn from the successful experience of Z Company and take relevant measures for green governance during their operations in order to improve their overall enterprise performance.