Research On The Impact Of Energy Saving And Emission Reduction On The Financial Performance Of Iron And Steel Enterprises And Its Countermeasures

With the continuous development of China's economy,the contradiction between environment and economy is increasing.More and more people realize that economic development cannot be sacrificed at the expense of people's living environment.Nowadays,environmental problems continue to grow and resources are decreasing.We must understand that if we want to achieve sustainable development,we need to balance the contradiction between resources,environment and economy.Therefore,in our 11 th Five-Year plan,we pointed out that energy saving and emission reduction projects should be energetically implemented,and we should reduce energy consumption,reduce energy consumption and reduce pollutant emissions.At the same time,from the long-term development of our country,we must actively build a resource-saving and environment-friendly society.For businesses,it is not only an important force to promote China's economic development,is also the important subject of energy saving and emission reduction can be implemented effectively,directly related to energy saving and emission reduction policy can fall,so,in the face of such a situation: enterprises should resolutely implement the policy.Although the implementation of energy saving and emission reduction policy is of great importance for enterprises in the long run,in the short term,energy saving and emission reduction will bring costs to enterprises,and all aspects of technology and pressure will directly damage the interests of enterprises.This is particularly evident in the steel industry,because the iron and steel enterprises belong to the high energy consumption and serious pollution of the enterprise,is mainly involved in energy-saving emission reduction policies,the shocks than other industry is more prominent,so the research on the impact of energy saving and emission reduction on the financial performance of iron and steel enterprises and its countermeasures should be taken to have some the significance of the.The purpose of this study is to summarize the energy saving and emission reduction policies by summarizing the energy saving and emission reduction policies,and then leads to the problem of the impact of energy saving and emission reduction on the financial performance of iron and steel enterprises,analysis of the changes of financial performance indexes of iron and steel enterprises before and after energy saving and emission reduction by data test,In addition,baosteel is used as a case to analyze the specific impact of energy conservation and emission reduction on it and the corresponding countermeasures.Finally,it summarizes the financial impact of energy saving and emission reduction on iron and steel enterprises and puts forward some suggestions.This paper first describes a big background of the research content,and draws the significance of the research,then the related literature is summarized,and the research methods and related contents are introduced.The next second part describes the relevant theories used in this study,such as sustainable development theory,stakeholder theory,strategic management theory,etc.The third part is a more systematic summary of the policy of energy saving and emission reduction.The current situation of energy saving and emission reduction in iron and steel industry is analyzed,combined with data analysis,we analyzed the impact of energy saving and emission reduction on the financial performance of iron and steel enterprises,and analyzed the specific aspects of their impact through data analysis.In the field of data inspection,this paper selects 14 steel listed companies as sample size analysis,in terms of financial performance indicators,the net assets rate of return,the net interest rate of the total assets,the multiplier of equity,the net interest rate of sales,etc.are mainly selected.In 2006,the energy saving and emission reduction policy was formally proposed as a time dividing point,and the differences between the indexes before and after the 2006 were analyzed.The fourth part is mainly the case analysis,introduces the basic situation of Baosteel,analyzes the impact of energy saving and emission reduction on its financial performance,and makes a financial analysis of the corresponding countermeasures adopted by Baosteel.The last part comes to the conclusion based on the above research,and puts forward the countermeasures.Through theoretical analysis,data analysis and case analysis,this paper shows that energy saving and emission reduction will impact the financial performance of iron and steel enterprises in the short term,enterprises need to take corresponding measures according to the specific impact they are subjected to,so this paper puts forward relevant suggestions on the Countermeasures of case analysis at the end of this paper.