Research On The Construction Of ESG Evaluation System In Coal Enterprises

ESG originated from socially responsible investment,which includes ESG information disclosure,ESG evaluation,and ESG investment,of which ESG evaluation is the key link between ESG information disclosure and ESG investment.In 2018,the CSRC first proposed the framework for ESG information disclosure of Chinese enterprises,and since then,domestic institutions have established ESG rating systems based on investment needs,and the "dual carbon goals" in the outline of the 2035 long-term goals have been proposed,which has promoted enterprises such as coal enterprises to actively carry out ESG practices with a large environmental impact.However,the current ESG evaluation of the coal industry has problems such as inconsistent evaluation standards,weak correlation of ESG ratings of various institutions,and obvious industry attributes of evaluation indicators,resulting in a decline in the reference of ESG ratings,which cannot effectively carry out ESG investment,and thus cannot form a good ESG ecological cycle.Therefore,relying on the theories of stakeholders,information asymmetry and sustainable development,this paper uses the literature analysis method to summarize the research results of the role of ESG evaluation and the construction of ESG evaluation system at home and abroad,and uses the analytic hierarchy method to construct the ESG evaluation system of coal enterprises on the basis of drawing on the advanced experience of mainstream ESG evaluation systems at home and abroad.Subsequently,China Shenhua used the fuzzy comprehensive evaluation method to objectively evaluate the ESG performance of China Shenhua to verify the applicability of the ESG evaluation system of the constructed coal enterprises.At the same time,according to the evaluation results of China Shenhua ESG,this paper comprehensively and objectively analyzes the specific performance of China Shenhua in terms of environmental,social and corporate governance(ESG),and puts forward relevant suggestions to improve China Shenhua’s ESG performance.Based on this,this paper concludes the following research conclusions: On the one hand,relying on the relevant theories of ESG evaluation system,comprehensively using analytic hierarchy method and fuzzy comprehensive evaluation method,this paper constructs an ESG evaluation system of coal enterprises that conforms to national conditions and has industry characteristics,which fills the gap in the research field of ESG evaluation system of coal enterprises to a certain extent and enriches the theoretical research on ESG system in China.On the other hand,through the multiangle comparative analysis of the ESG evaluation results of China Shenhua,the results show that the ESG evaluation system constructed has good applicability and scientific nature,can objectively and scientifically evaluate the ESG performance of coal enterprises,help investors incorporate corporate ESG factors into investment analysis and decision-making,and give play to the leading role of ESG evaluation in ESG investment.