Research On The Impact Of Green Bond Issuance On Corporate Sustainability

Since the industrial revolution,rapid economic growth has always been accompanied by sacrifices to the environment,and a win-win situation for both the economy and the environment has become an issue that needs to be faced globally.Green finance has emerged as a financial model that can promote sustainable economic development.Green bonds are an important part of green finance.China’s green bond market is developing late but expanding rapidly.The environmental protection industry,as one of the main industries for green bond issuance,is a top priority for promoting China’s environmental sustainability.This paper selects Beijing SPC Environment Protection Tech Co.,Ltd.(hereinafter called as SPC)as the subject of the case study,based on the theory of green finance and green bonds,and focuses on the impact of green bonds issued by SPC on the sustainable development of the enterprise.The case study is based on the theory of green finance and green bonds,and focuses on the impact of green bond issuance on the sustainable development of SPC.It introduces the basic situation of SPC,reviews the processes of green bond issuance by SPC,analyses the motivation of green bond issuance by SPC in detail,analyses the impact of green bond issuance by SPC on the sustainability of the enterprise,and draws conclusions and makes corresponding suggestions from the perspectives of issuers,regulators and investors of green bonds.The conclusions of this paper are as follows:(1)taking advantage of Carbon Peaking and Carbon Neutrality goals,China’s green bond market has grown strongly and becomes the second largest in the world.(2)The successful issuance not only met the development strategy of the SPC,but also raised sufficient funds for the enterprise,effectively improving its financial situation.(3)The issuance of green bonds has contributed to the sustainable development of the company.The issuance of green bonds has improved the financial situation,and the market has responded positively to the issuance of green bonds,which has contributed to the sustainable economic development of the company.And its green innovation capability,social performance and environmental performance have all been improved following the successful green bond issue.(4)There are still shortcomings and risks in the issuance of green bonds by SPC.Management Teams have a lot of options when it comes to green bond financing,so they must choose a suitable financing tool,but they should avoid issuing green bonds frequently to avoid excessive debt servicing and liquidity risks.The paper comes to the following contributions:(1)To enrich the research related to green bonds.At present,most studies on green bonds are conducted from a macro perspective.This paper provides an in-depth analysis of the motivation of green bond issuance and its impact on sustainable development from a micro perspective,adding to the research on green bonds.(2)the positive impact of green bonds on the sustainable development of enterprises is affirmed.As a way of financing the daily operations of enterprises,green bonds promote their sustainability and provide valuable learning experiences for other enterprises preparing to undertake debt financing,which is of great practical significance.(3)It reflects the strengths and weaknesses of the green bond market.Suggestions are made from multiple perspectives to help the healthy development of green bonds and maintain a good order in the green bond market.