Research On ESG Evaluation System Of Coal Listed Companies For New Development Concept

Under the new development stage,China’s economy has shifted from high-speed growth to high-quality development stage.Green,low-carbon and sustainable development has become the theme of China’s economic development,and the new development concept has become an important guiding ideology to lead China’s economic development with high quality.ESG is an acronym for Environmental,Social and Governance,the core of which is sustainable development.Unlike traditional financial indicators,ESG is able to evaluate and predict the long-term value of enterprises by incorporating environmental,social and governance factors into the indicator system.Combining the current background of green and low-carbon transformation of energy industry and the real demand of green and low-carbon transformation of coal industry,it is especially important to develop a set of ESG evaluation criteria oriented to the new development concept.Based on a review of domestic and international literature on ESG system,ESG disclosure,ESG impact on financial performance,ESG impact on corporate value and ESG impact on investment and financing,the thesis constructs a set of ESG evaluation system to study and analyze the ESG performance of China Shenhua based on various research methods such as comparative analysis,case study method and hierarchical analysis method.The results found that:(1)China Shenhua’s ESG scores are generally on an upward trend,with a steady increase in the governance dimension and fluctuating increases in the environmental and social dimensions;(2)compared to nine peer companies such as Yanmar Energy and China Coal Energy,China Shenhua’s ESG scores are at the top of the industry,with significant advantages in the governance dimension and room for improvement in the environmental and social dimensions,despite its outstanding performance.The thesis concludes with recommendations to further improve ESG information disclosure,further promote balanced ESG development,and increase innovation investment in response to the study results.The innovation of the thesis is reflected in the following: the research angle is novel,based on the perspective of the policy context of the new development concept to construct the ESG evaluation system,which breaks through the limitation of the existing research focusing on the experience of a single rating agency;the research method is novel,the thesis constructs an ESG evaluation system combining qualitative and quantitative indicators,and applies the system to evaluate and compare the ESG performance of China Shenhua and coal listed companies.It can provide a more comprehensive analysis method for ESG performance evaluation and improvement of coal companies.It is expected that through the ESG evaluation,the weaknesses of ESG that need to be strengthened and improved will be identified,and peers will learn from each other and "promote improvement by evaluation" to jointly promote the ESG performance of coal industry and help sustainable development.