Research On The Motivation And Performance Of Green Bond Financing Of Environmental Protection Enterprises

The process of world industrialization has been in a state of continuous progress.In this process,the global climate environment has shown a trend of continuous deterioration,environmental pollution is also constantly aggravated,and various natural disasters keep occurring.At the same time,energy shortage and other environmental problems also occur.In the face of worsening global environmental pollution,the world has put forward higher requirements for sustainable economic development,and the call for environmental governance continues to rise.Based on this,the green financial industry is gradually driving the green transformation of economic development.How to effectively improve energy efficiency,reduce pollutant emissions,develop clean energy and develop green environmental protection industry with both environmental and economic benefits has become a global goal.China is rapidly promoting better and faster development of green finance in China,according to the report to the 19 th National Congress of the People’s Republic of China.This paper analyzes the motivation of S Company to issue green bonds and evaluates its financing performance.Firstly,a large number of literatures are consulted by the literature research method,and relevant literatures at home and abroad are integrated,which provides an effective theoretical basis and reference for this study.Through the collected information,we can know that S Company faces the dilemma of large capital demand and long capital recovery cycle.Meanwhile,the green bond issuance situation of the whole environmental protection industry is introduced.Secondly,this paper takes the reasons for issuing green bonds as the starting point of this study,and analyzes the motivations for issuing green bonds by combining financing needs,business strategies and policy dividends.Then,this paper selects financial indicators to analyze the financial performance of the enterprise.It can be found that the "19 Sheneng G1" issued by the enterprise has optimized the financial structure of the enterprise to a certain extent.Through the analysis of social benefits and ecological benefits,it is concluded that the proportion of clean energy increased after the issuance of the green bond by S company,which has made outstanding contributions to environmental protection.For enterprises,issuing green bonds can effectively improve their corporate image and corporate value.From another perspective,for investors,green bonds effectively broaden the scope and channels of investment.At the end of this paper,the case of S Company issuing green bonds is summarized and inspired.Enterprises need to promote and innovate the issuance of green bonds,establish a risk prevention and control mechanism of green bonds,strengthen the investment of raised funds in large-scale and innovative projects,and at the same time,regulators need to develop a high-standard information disclosure system.