Research On The Performance Evaluation Of Baosteel’s Green Transformation

In the process of rapid economic development,problems such as energy and resource shortage,ecological degradation,global warming and population surge continue to ferment,posing a threat to material production.It elaborated the concepts of "green development" and "high-quality development" on the basis of sustainable development,and environmental sustainability and social sustainability were repeatedly mentioned.Green development has become an important way to realize the high-quality economic development and promote the development of socialist modernization.Taking Baosteel as the research object,this paper selects indicators from financial,environmental and social aspects to measure and evaluate its green performance in transformation.The index weight is determined by analytic hierarchy process,the performance of the case enterprise is comprehensively evaluated,and conclusions and enlightenment are drawn based on the analysis and evaluation.By constructing and applying the green transformation performance evaluation system,this paper puts forward some possible improvement suggestions for Baosteel’s green transformation performance: first,continuously improve the financial performance;The second is to maintain an edge in environmental performance;Finally,we must adhere to our social responsibilities.After a comprehensive analysis of the evaluation system results by fuzzy comprehensive evaluation method,the following conclusions are drawn: In the disclosure of financial performance,environmental performance and social performance in the current sustainable development report of Baosteel Group,the emphasis is placed on advanced manufacturing,ecological environment(climate change),human resources and social impact,and there are few indicators describing financial performance.The environmental and social performance indicators selected in the report are mostly qualitative indicators,which are difficult to directly and comprehensively reflect the green transformation performance.This paper also concludes that when Baosteel actively responds to the concept of green development and pays attention to environmental protection and social responsibility fulfillment in the process of operation,the financial performance index fluctuates and decreases,which may mean that the financial benefits in the process of green transformation are ignored.On the contrary,Baosteel’s green transformation has achieved remarkable environmental and social performance.