| In recent years,along with our country has consistently carried out the policy of ecological civilization construction,the iron and steel industry is facing great pressure on environmental protection.Under the pressure,steel companies are increasing investment in environmental protection,but the increase of environmental protection investment has not brought qualitative change to the pollution situation of iron and steel enterprises.The efficiency of enterprise investment in environmental protection determines whether enterprises can effectively transform environmental protection funds into economic,environmental,and social benefits.There is a serious imbalance between enterprise input and output in environmental protection,and the key reason lies in the low efficiency of enterprise investment in environmental protection.Aiming at this problem,this paper takes Anyang Iron and Steel Co.,Ltd.as the object,and analyzes the current situation of its environmental protection investment from the perspectives of investment scale,governance structure,information disclosure,etc.Based on the sorting out of existing studies and the actual situation of Anyang Iron and Steel Co.,Ltd.,follows the comprehensive,scientific,and quantifiable principles to build an enterprise environmental protection investment efficiency evaluation system.The efficiency of Anyang Iron and Steel Co.,Ltd.environmental protection investment was evaluated from three perspectives:economic efficiency,environmental efficiency,and social efficiency by Data envelopment analysis(DEA).This paper relies on theoretical research to reduce the dimension of indicators,which can weaken the influence of the number of decision-making units and indicators on DEA results,to improve the accuracy of the measurement results of environmental protection investment efficieoncy.The research found that the economic,environmental,and social efficiency of Anyang Iron and Steel Co.,Ltd.’s environmental protection investment is not high,there is a phenomenon of high investment,low benefit,and environmental protection investment funds have not been fully transformed.The main reasons for the low efficiency of Anyang Iron and Steel Co.,Ltd.’s investment in environmental protection are as follows:difficulties in obtaining and supervising environmental protection funds;The scale of investment in environmental protection is unreasonable;Lack of long-term planning for environmental investment;Internal governance structure is not perfect;Environmental information disclosure is not comprehensive.In addition,the external environment,such as the lack of norms in government environmental regulations and responsibility mechanisms,poor government guidance,and the absence of media supervision,will also affect the efficiency of enterprises’ environmental investment.Because of the above problems,the paper argues that the efficiency of enterprise environmental protection investment should be improved from the following aspects:first,strengthening the acquisition and supervision of environmental protection funds;second,optimizing the allocation of environmental protection funds;third,strengthening the long-term planning of environmental protection investment;fourth,improve the internal environmental management structure;fifth,strengthening the requirements of environmental information disclosure;sixth,improving environmental protection regulations and public supervision feedback mechanism;and finally,External supervision should be strengthened to involve other stakeholders in corporate environmental investment.This paper aims to provide empirical data support for Anyang Iron and Steel Co.,Ltd.to better fulfill its environmental responsibility and improve the benefits of environmental investment by enterprises,as well as some references for enterprises in other high-pollution industries to improve the benefits that enterprises can get from environmental protection investment. |
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