Research On Sustainable Management Performance Evaluation Of Insurance Enterprises Under ESG Concept

Establishing and improving a sound economic system featuring green,low-carbon and circular development is the essential way to promote ecological progress,build a modern economic system and achieve high-quality development.As a "social stabilizer" and "economic booster",how the insurance industry creates more social and environmental value under the guidance of the carbon peaking and carbon neutrality goals and sustainable economic and social development has become the focus of the academic and business circles.ESG is a concept that evaluates the sustainable development ability of enterprises from the aspects of environment,society and corporate governance.It is also worth thinking and discussing how insurance enterprises improve the performance evaluation system based on this sustainable concept,help the construction of ecological civilization and promote the realization of high-quality economic development.The sustainable development path of insurance enterprises is highly consistent with the concept of ESG,and the standardized information disclosure system and the thorough internal management system can provide reliable information guarantee.Therefore,it is necessary and feasible to introduce the concept of ESG into the performance evaluation system of insurance enterprises based on the needs of external environment,self-development of enterprises and stakeholders.Based on the characteristics of sustainable management,this paper selects 10 indicators from three dimensions of environment,society and corporate governance,for example,green insurance operation,the growth rate of green investment,greenhouse gas emissions,risk protection contribution,and e-policy utilization rate,to evaluate the performance of sustainable management of insurance enterprises.At the same time,the analytic hierarchy process(AHP)with high applicability is introduced to assign weight to various indicators,so as to construct the sustainable business performance evaluation system of insurance enterprises under the concept of ESG,in order to provide a new method under the new concept for the internal and external governance of insurance enterprises,and provide a practical path for them to carry out the ESG layout in a more comprehensive and systematic way.Meanwhile,this paper fills the gap in the study of sustainable management of insurance enterprises.In order to verify the practicability of the performance evaluation system and the rationality of the calculation results,four listed insurance companies,which are representative in the insurance industry and have relatively complete and comprehensive information disclosure,are selected as the quantitative analysis objects of this paper.Panel data from 2017 to 2021 are brought into the index system to calculate the total score of sustainable business performance of the four insurance companies in five years.Carry out horizontal and vertical comparative analysis based on the actual performance of insurance companies.The results show that Ping An and Pacific Insurance of China have higher average scores,which are consistent with the performance of the two enterprises in the practice of sustainable management.The performance level of the four insurance enterprises was relatively stable and showed an overall growth trend,indicating that under the severe external environment such as the increasing risk of global climate change,insurance enterprises can continuously enhance the awareness of fulfilling "responsibility" and "responsibility",take more and more green actions,and deepen sustainable management.Insurance enterprises seek available and affordable solutions to support environmental improvement and combat climate change.Based on the concept of ESG,this paper studies the sustainable operation performance evaluation system of insurance companies,which can help insurance companies observe their performance of social and environmental responsibilities more scientifically,enhance their awareness of social and environmental responsibilities,and encourage insurance companies to integrate the concept of sustainable development into all aspects of insurance business,so as to further optimize their internal sustainable operation and management.At the same time,effective evaluation methods and reliable evaluation results can be provided to the government and regulatory departments to improve the efficiency of supervision,so as to help the economy achieve high-quality development.