Green Transformation And Effect Analysis Of Traditional Coal Enterprises Under The ESG Concept

With the increasing consumption of non-renewable energy and environmental pollution problems,the international energy situation is undergoing a huge transformation.The traditional crude production and management model of coal enterprises no longer meets the requirements of the times,and the green transformation,which represents the concept of sustainable development,is gradually entering people’s view,and the trend is to take the road of low-carbon,clean and efficient energy development.China is the world’s largest energy consumer and producer and coal has always been the largest share of China’s total energy production and consumption.However,compared to the developed countries of the world,there are certain gaps in the efficiency of energy use in China,the ecological carrying capacity and the amount of energy resources can no longer support the traditional way of development.As a leader in the coal industry,Yankuang Energy has been undergoing a green transformation since 2015,adhering to the path of sustainable development.This article takes Yankuang Energy as an example and analyses its green transformation path through a case study approach,guided by sustainability theory,stakeholder theory and reputation theory and combined with ESG concepts.The article first analyses the drivers of Yankuang Energy’s transformation.At the environmental level,national policies and international trends are influencing the green transformation.Secondly,Yankuang Energy’s transformation path is to integrate a sustainable development perspective into all aspects of corporate governance,and to insist on green technology innovation,broaden its industrial chain and build high-quality development in its five core businesses,mainly mining.Furthermore,the paper continues to assess the effectiveness of the green transformation of the company by selecting different indicators from three levels.At the environmental level,the performance of green transformation is reflected in indicators such as the management of waste water and gas emissions,waste disposal and the efficiency of water resources utilisation.The analysis of the effects of corporate governance is carried out in a number of ways,one of which is that the green governance of the company has led to a continuous adjustment of the company’s strategic approach and an improvement of the corporate governance structure.The second analysis of the financial performance is based on traditional financial indicators,combined with a comprehensive financial performance evaluation method based on the entropy method,which shows that Yanmar Energy’s overall financial performance is more positive.In summary,Yankuang Energy’s green transformation has been effective and provides a reference for other coal companies on the road to green development.