Research On The Optimization Of Sustainable Development Performance Index Based On ESG

With the rapid development of the global economy,abnormal climate change,social contradictions and other phenomena have disrupted the normal development of human society,while the pressure of sustainable development has also been increasing.During the two sessions in 2020,General Secretary Xi Jinping clearly stressed that China should continue to strengthen ecological progress,adhere to green development as the orientation,and take the road of sustainable development.Whether in consideration of the actual situation or in response to the policy call of ecological civilization construction,sustainable development performance has gradually become the focus of attention.At present,most scholars take the economyenvironment-society triple evaluation index as the assessment standard of enterprises’ sustainable development ability.However,in recent years,the concept of ESG has been widely advocated,which provides investors with a comprehensive decision judgment from the perspectives of environment,society and corporate governance.When financial fraud or product fraud occurs in the market,the enterprises involved will be unable to maintain normal operation due to poor internal governance,and eventually decline.So,a single financial performance or triple evaluation system of sustainable development cannot reliably evaluate enterprise sustainable development ability,which requires a combination of corporate governance from the ESG dimension.It can more comprehensively evaluate enterprises’ sustainable development ability by a four-dimension evaluation system from the economy,environment,society and corporate governance.This paper takes Goldwind Science and Technology who joined in ESG leadership organization as the case study to do a research on the optimization of evaluation system for sustainable development performance based on ESG concept.Firstly,the necessity of introducing ESG concept is analyzed from a theoretical perspective by combing relevant literature and theoretical basis.Then according to the sustainable development performance of goldwind and practical application of the ESG,combining the sustainable development evaluation model and the rules of index selection for the wind industry,build a quaddimension evaluation model on economy,environment,society and corporate governance.Secondly,pluging the relevant data into evaluation system,the comprehensive ability of sustainable development for the Goldwind is calculated by using different models under the catastrophe progression method,and the results and benefits brought by the new system are further estimated.Finally,compared with the evaluation model of single financial performance and triple performance,the evaluation system based on ESG concept of sustainable development performance is more comprehensive with data highlights,which guides other enterprises to promote the optimized system and the values brought by it,and demonstrates the results of system optimization.Through the optimization and improvement of the evaluation system,three conclusions can be drawn: Firstly,after the introduction of corporate governance in ESG concept,the results of the new evaluation system will change with the occurrence of fraud events,which can quickly identify corporate governance problems and provide investors with more reliable information;Secondly,ESG concept as a standard to measure the ability of sustainable development for an enterprise,combined with financial performance,can find specific problems in enterprise operation from the results of economy,environment,society and corporate governance indicators and provide targeted solutions;Finally,there are differences in the selection of indicators for different industries,so it is necessary to select indicators suitable for the industry according to the guidelines,and gradually build a sustainable development performance evaluation system that meets its own development requirements.