Research On The Effect Of Environmental Protection Investment Of Liuzhou Iron And Steel Company

As one of the heavily polluting industries,the iron and steel industry has always been a key concern of our country due to the pollution caused by its production process to the environment.The 20 th National Congress of the Communist Party of China proposed that the concept of green water and green mountains is the silver mountain of gold must be firmly established and practiced,and development must be planned at the height of the harmonious coexistence of man and nature.In this context,enterprises should seek a balance between economic development and environmental protection as soon as possible,and environmental protection investment is a good means to do so,so it is especially important to study what kind of impact effect corporate environmental protection investment can bring to enterprises.This paper takes Liuzhou Iron and Steel Company(Liugang)as an example to investigate the effect of environmental investment on the development of Liugang.First,this paper summarizes the research literature on environmental protection investment and its effect by domestic and foreign scholars,and then defines the concept of both,and takes sustainable development theory,corporate social responsibility and stakeholder theory as the theoretical basis of this paper.After the analysis of the mechanism of the effect of environmental protection investment,this paper then analyzes the development status of China’s steel industry,including the scale of the steel industry,the status of environmental protection investment and environmental management.Secondly,this paper analyzes the current situation and motivation of Liugang’s current environmental protection investment,and uses case study method and other methods to analyze the effect of Liugang’s environmental protection investment.The paper analyzes the economic effect of environmental protection investment in terms of government subsidies,R&D innovation,and credit borrowing;the environmental effect of environmental protection investment is analyzed in terms of pollutant emission,energy and resource consumption,and resource reuse rate of the enterprise,and a comprehensive level model of environmental management is constructed to evaluate the comprehensive level of environmental management of Liugang.The following conclusions are drawn: In terms of economic effects,Liugang’s investment in environmental protection helps to improve the company’s reputation,making it easier for the company to obtain government subsidies and credit loans,and can also promote R&D innovation and green process technology.In terms of environmental effects,environmental protection investment helps enterprises to reduce pollutant emissions,reduce energy and resource consumption,and improve the reuse rate of resources,which not only can effectively improve the environment,but also can improve the comprehensive level of environmental management of enterprises.Finally,this paper puts forward relevant suggestions to enhance the effects of enterprises’ environmental protection investment and help them adjust their investment strategies to achieve the harmonious development of economy and environment.