Research On The Impact Of YUE YANG FOREST&PAPER CO.,LTD Carbon Sink Trading On Environmental Performance

In September 2020,President Xi Jinping proposed the "dual carbon" goal at the75 th session of the United Nations General Assembly,which committed China to peak carbon emissions by 2030 and achieve carbon neutrality by 2060.To achieve this goal,China is intensifying efforts to formulate and implement a series of emission reduction measures.Carbon trading plays an important role in these measures,and related policies and regulations encourage enterprises to participate in carbon sink development and trading,to jointly promote the achievement of the "dual carbon" goal.Against this background,this paper selects Yueyang Forest and Paper Co.,Ltd.,a papermaking industry A-share listed company,as the research object to compare and study the changes in its environmental performance before and after participating in carbon trading.Firstly,the relevant background information of the case enterprise is introduced,the motive for its participation in carbon trading is analyzed,and the situation of carbon trading is reviewed.Secondly,based on ISO14001 environmental management system and the environmental and operating characteristics of Yueyang Forest and Paper industry,a comprehensive evaluation model for environmental performance is constructed from four aspects: environmental financial performance,environmental management performance,environmental information disclosure performance,and environmental innovation performance,using principal component analysis.Finally,this evaluation model is used to compare and analyze the environmental performance of Yueyang Forest and Paper before and after carbon trading,and relevant improvement suggestions and measures are proposed.The study found that: firstly,participating in carbon trading has a strong driving effect on the environmental management performance of Yueyang Forest and Paper,especially in the two aspects of environmental monitoring mechanism and environmental management system construction,but the impact on environmental management system construction is weak.To address this,the enterprise should actively improve its management system and strictly implement it,while the government should strengthen the formulation of relevant laws and regulations,provide policy support to encourage enterprises to take the initiative in internal environmental management.Secondly,participating in carbon trading has a positive promotion effect on the environmental innovation performance and environmental information disclosure performance of Yueyang Forest and Paper in the short term,but there are fluctuations in the long term.To address this,the enterprise should timely disclose complete environmental information,improve its information disclosure level,so as to accept social and public supervision.The government can encourage enterprises to disclose information by setting up reward plans and building an open information platform to facilitate environmental information disclosure.Thirdly,the stimulation effect of participating in carbon trading on the environmental financial performance of Yueyang Forest and Paper is not significant.To address this,the enterprise should continue to increase investment in environmental protection,actively undertake environmental responsibilities,and establish a good corporate image.The government can provide financial support through loans or subsidies to reduce the financial burden on enterprises.