Research On Performance Evaluation Of China Shenhua Enterprises From The Perspective Of ESG

Under the goal of achieving carbon peak by 2030 and in carbon by2060 proposed by China,coal enterprises are facing new development opportunities while being impacted by the wave of carbon peak and carbon neutrality.By improving energy efficiency,carrying out energy structure transformation,and achieving the transformation towards renewable energy industry,it has become the core competitiveness of coal enterprises in the future.In this context,the ESG concept with the themes of environment,society,and governance has gradually demonstrated its advantages.Based on financial information,ESG has effectively supplemented the strategic development,operational management,and other aspects of the enterprise,objectively reflecting the long-term sustainable development ability and credit quality of the enterprise.Therefore,this article introduces ESG into enterprise performance evaluation to comprehensively and comprehensively evaluate enterprise performance.China Shenhua is the first company in the same industry to introduce the ESG concept,so this article selects it as a case enterprise.The article first lays the theoretical foundation for in-depth research based on sustainable development theory,stakeholder theory,and the triple bottom line theory.At the same time,it clarifies the mechanism by which ESG concepts affect corporate performance,and uses this as a logical starting point for research.It evaluates the overall performance of China Shenhua from both financial and non-financial dimensions,and draws the following research conclusions: firstly,corporate performance should cover both the financial and non-financial aspects of the enterprise,Heavy polluting industry enterprises,represented by coal enterprises,should pay more attention to the balanced development of economic,ecological,and social performance.Secondly,the introduction of ESG concept contributes to the improvement of corporate performance,and its promoting effect on corporate performance has gone through a process from initial investment,cost compensation,stable results,to significant development.Thirdly,China Shenhua pays attention to the rights and interests of various stakeholders in the implementation of ESG governance measures,but there are still issues such as deficiencies in ESG dimensional information disclosure.In addition,it has been found that there is a widespread lack of unified,standardized,and comparable standards in ESG reporting within the industry.Finally,targeted suggestions are proposed,hoping to use China Shenhua as an example,with central enterprises as benchmarks to attract other enterprises to implement ESG concepts and promote the achievement of long-term sustainable development goals.