Research On The Impact Of ESG Performance On Enterprise Performance

China’s economy has entered a stage of high-quality development.Green,low-carbon and sustainable have gradually become an important key word in the process of China’s economic development.More and more people and enterprises have gradually realized that social responsibility is of great significance to the sustainable development of enterprises.ESG includes three dimensions: environment,society and governance.It advocates that enterprises should not only pay attention to the growth of financial performance,but also pay attention to the development of non-financial performance in the process of production and operation.By actively fulfilling ESG responsibilities,enterprises can promote sustainable development and help enterprises achieve green transformation.In addition,as an important driving force for social and economic development,enterprises’ performance of ESG responsibilities can promote the high-quality development of China’s economy.Based on the performance of ESG responsibilities and the development status of enterprises in China,this paper selects COSCO Shipping Holdings,a large transport enterprise,as the case object,and uses the analysis method combining theory and case to deeply explore the impact of ESG responsibility performance on enterprise performance.The study found that the environmental performance was reflected in the two indicators of resource consumption and pollutant generation.The analysis showed that the enterprise’s performance of ESG responsibilities played a role in energy conservation and emission reduction,and the negative impact of the company’s production and operation activities on the environment was gradually reduced;The social performance is reflected in the enterprise’s employee benefits,customer dimensions,tax and public welfare expenditure,R&D investment,and the number of suppliers.The analysis shows that the performance of these indicators will not be affected by the enterprise’s ESG responsibilities,but will have a positive role in promoting these indicators,which can make the enterprise pay more attention to customer service,employee benefits,and contributions to society,To improve the social performance of enterprises;The performance of governance is reflected in the company’s financial performance,the performance of the board of directors and the handling of violations.The analysis shows that the performance of ESG responsibilities can improve the company’s governance structure.In addition,ESG performance will have a negative impact on the company’s short-term financial performance,but it will have a positive impact on the company’s long-term financial performance.Finally,we get the corresponding enlightenment.From the perspective of the government,we should improve the laws and regulations related to the ESG information disclosure of enterprises,strengthen the supervision of the ESG information disclosure of enterprises,and help enterprises solve the obstacles in the ESG information disclosure;From the social perspective,relying on the power of the media,publicize the importance of enterprises’ ESG responsibilities to the whole society,urge enterprises to actively release social responsibility reports,and help enterprises establish a good green image;From the perspective of enterprises,enterprises should change the altruistic motivation of ESG responsibility,actively disclose ESG information,strengthen corporate social responsibility,and improve the level of ESG information disclosure.By studying the impact of ESG responsibility fulfillment on enterprise performance,this paper believes that fulfilling ESG responsibility can improve enterprise performance and promote enterprise sustainable development.In the process of operation,enterprises should attach importance to the coordinated development of environment,society and governance,actively perform ESG responsibilities,and promote the sustainable development of society.