Research On Performance Evaluation Of Green M&A Of GD Power

Under the background of "double carbon",more and more heavy polluters are starting to incorporate green production in their daily operations and gradually transform into clean energy industries.The power industry is crucial to the country’s economic growth,and under the strong impetus of national policies,large power groups such as Huaneng,Huandian and GD Power have carried out green resource integration in the industry.As a result,the phenomenon of "green M&A" is attracting more and more attention in China’s academic circles.This paper takes GD Power Company as an example to conduct a case study.First,the paper reviews and summarizes the literature on the evaluation of corporate green M&A performance,and then combines the triple bottom line theory to select 26 indicators from three dimensions:economic,social and environmental,to establish a triple bottom line evaluation system applicable to electric power enterprises.On this basis,the entropy value method is introduced to weight each indicator,and the indicators are ranked according to the weights,and then the normalized formula is used to calculate the mutation level values of the primary and secondary indicators,and finally the performance is evaluated according to the mutation level values.After analysis,it is concluded that GD Power’s overall economic performance is average,with unstable fluctuations and more room for improvement;social performance is good overall,with a stable trend in the past three years;environmental performance is growing overall,and the original intention of green M&A is realized,but there are problems of imperfect information disclosure.And based on the findings of the study,we put forward relevant suggestions,including improving the economic performance of enterprises,integrating the concept of social responsibility into corporate operations and strengthening the environmental information disclosure mechanism.Through the above analysis and recommendations,we hope to provide development ideas and reference implications for China’s electric power enterprises.