Abstract
Based on China's carbon peaking and carbon neutrality goals and industry characteristics, the data of listed companies in Shanghai and Shenzhen from 2018 to 2021 of chemical raw materials and chemical products enterprises were constructed. The comprehensive performance of ESG is obtained through principal component analysis, and the impact of environmental performance on corporate performance is studied through multiple regression effect model. It is found that good environmental performance can effectively improve the financial performance of enterprises. Further analysis shows that in state-owned enterprises, the positive effect of environmental performance on corporate performance has been enhanced. For the companies audited by the Big Four, the positive effect of environmental performance on corporate performance has increased. The research results provide evidence for the relationship between environmental performance and corporate performance, and have reference value for further strengthening the application and improvement of ESG concept and promoting the construction of corporate environmental performance to promote high-quality economic development.
Publisher
Darcy & Roy Press Co. Ltd.
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