Research On ESG Evaluation Indicator System In Gas Industry

Green,low-carbon and sustainable is the global consensus for development,and ESG has become the mainstream standard for measuring corporate performance and guiding investment,and is a hot spot for both practice and academic circles to focus on.Internationally,the ESG concept has been further promoted globally through the joint efforts of governments,international organizations such as the United Nations and relevant market participants.ESG-related institutional arrangements and practices,such as information disclosure,company ratings and investment guidelines,are gradually implemented and show a trend of continuous development and improvement.Although the ESG concept started relatively late in China,the Chinese ESG market has developed at a high speed in the past two years,thanks to the relevant government departments’ emphasis on ESG-related policy research and their clear response and support for the ESG concept,which has promoted the innovative development of ESG in China.However,there are still many problems in the domestic ESG market,and there is still a big gap compared with the mature ESG market in Europe and America.However,the "double carbon" target and other factors bring opportunities for the growth and progress of ESG concepts in China.With ESG becoming a mainstream global trend,the gas industry,as an important sector of the national economy,is under great pressure to transform,and market capital is gradually flowing to companies with good ESG performance and disclosure.Only by striving to fully integrate ESG into mainstream business and continuously improve ESG performance can gas companies take the lead in energy transformation and sustainable development,and effective assessment is an important foundation for ESG disclosure,ESG regulation and ESG investment decisions.The paper discusses the construction of an ESG evaluation index system for the gas industry and applies the system to score the ESG performance of GX Company as an example,aiming to accelerate the development process of ESG evaluation system within the gas industry.This paper summarizes the research results of international and domestic experts and scholars from the ESG concept and ESG evaluation index system.In contrast to the electric power industry,which is also under the classification of public utilities,ESG research in the gas industry is relatively neglected.This paper selects indicators and determines their weights with respect to the characteristics of the gas industry,constructs an ESG evaluation index system specifically applied to the gas industry,and uses the system to analyze and evaluate the ESG performance of GX Company.As a result,GX has the highest score in the governance dimension and the lowest score in the environment dimension,with a final ESG rating of BBB,which indicates that the ESG performance of the company is average and the potential ESG risk is high,and there is much room for optimization and improvement.The paper shows that: the ESG evaluation index system in the gas industry focuses on climate-related risks;the overall ESG evaluation score of GX Company under the newly constructed ESG evaluation index system in the gas industry is low;the overall performance of GX Company in terms of ESG management level is poor and needs further attention.Based on the above results,this paper suggests improvements: GX Company should improve the integration of ESG concepts in corporate governance and develop an internal ESG information disclosure system;the government should strengthen the construction and supervision of ESG information disclosure to create a favorable application environment.