Research On Comprehensive Performance Evaluation Of B Company Based On ESG Framework

The 18th National Congress of the Communist Party of China proposed to incorporate the construction of ecological civilization into the overall layout of the "Five in One" socialist cause with Chinese characteristics,achieving high-quality and sustainable development of harmonious coexistence between humans and nature.However,there are still problems in China’s listed companies,such as inadequate corporate governance,environmental damage,and disregard for public interests.One of the reasons for this is the serious deviation in the direction of company performance evaluation.ESG(Environmental Social Corporate Governance)is a major element in the sustainable development performance of enterprises and a widely recognized investment decision-making concept in the international community.In view of this,this article is based on the ESG conceptual framework and builds a four-dimensional comprehensive performance evaluation system for enterprises based on environmental,social,corporate governance,and finance,based on the traditional results oriented financial performance evaluation.The aim is to more comprehensively and objectively reflect the impact of enterprise business activities on the environment,help enhance the awareness of corporate social responsibility norms,and explore new ideas for improving corporate governance level.This article takes B Company,a leading enterprise in the new energy vehicle industry,as the research object.Based on the relevant evaluation index systems at home and abroad,and based on the current performance and disclosure of B Company’s ESG,37 measurement indicators are selected from four dimensions to construct a comprehensive performance evaluation index system for B Company.By preprocessing the data and selecting the entropy method to assign weights to the indicators,the fuzzy comprehensive evaluation method was used to evaluate the measurement values of each indicator.Through research,it has been found that:(1)in terms of environmental protection,the company has achieved remarkable results in reducing greenhouse gas emissions in recent years,but has performed poorly in other emission management aspects,and environmental accounting information disclosure is not complete enough;(2)In terms of social responsibility,the company has made significant progress in promoting employment,expanding tax sources,and public welfare donations,but it does not attach enough importance to employee growth and lacks external supervision channels;(3)In terms of corporate governance,the company focuses on risk management and internal control system construction,but there are still violations in the production process and the coverage of information disclosure is not comprehensive;(4)In terms of financial performance,there has been a significant improvement in revenue compared to the previous month,but the overall gross profit margin is low and the speed of capital turnover is slow.Therefore,this article proposes strategies to improve the comprehensive performance of Company B:(1)in terms of environmental performance:promoting green production,building green parks,and improving environmental information data disclosure mechanisms;(2)At the level of social performance,on the one hand,we value the rights and learning growth of employees,and on the other hand,we introduce independent third parties for social supervision;(3)At the level of corporate governance performance:consolidating the foundation of legal and compliant operation of enterprises,empowering information disclosure quality through digitization,and establishing an ESG performance evaluation team;(4)In terms of financial performance:seize the development opportunities of new energy,increase sales revenue,optimize enterprise resource allocation,reduce costs and increase efficiency,and use financial leverage in a timely and reasonable manner.Through the case study of this article,firstly,it is demonstrated that the comprehensive performance evaluation system incorporating ESG performance is more applicable;Secondly,ESG can serve as an auxiliary tool for comprehensive performance management in enterprises;The third is to confirm that only a well-designed and applicable comprehensive performance evaluation system can guide the maximum balance between long-term and short-term goals,coordinate the internal and external interests of the enterprise,and generate a common force to promote the sustainable development of the company.