Evaluating the High-Quality Development of China's Circulation Enterprises Based on ESG:Value,Responsibility,and Performance
TANG Ren-wu1 and MA Ning2
(1.School of Government,Beijing Normal University,Beijing 100875,China;2.School of Public Administration,North China
University of Water Resources and Electric Power,Zhengzhou 450046,Henan,China)
Abstract:As Environment(E),society(S),and governance(G)have become the three core issues of sustainable development,and have been widely responded to and applied in countries around the world.an evaluation standard and system integrating environment,society,and governance,ESG has evolved from the evaluation of social responsibility and moral obligation to a value concept of sustainable development. After the official launch of the ESG concept ,a complete evolution chain and system ring has gradually formed in practice from theory to practice ,from standards to application,promoting enterprises to build a complete ESG evaluation system covering ecological environment ,social responsibility,and corporate governance from the perspective of sustainable development. The value concept of high- quality development of China's circulation enterprises from the perspective of ESG is to adhere to the value orientation of green development ,social responsibility,sustainable development,and sharing and win- win cooperation,pursue overall interests,embed endogenous responsibility,legal responsibility,ethical responsibility,and charitable responsibility in high- quality development ,and put national and social interests above corporate economic goals. The ESG evaluation system can not only measure and evaluate the non- financial performance of circulation enterprises,but also serve as an engine for innovation,market differentiation,and long-term growth. ESG evaluation system promotes the high- quality growth of core business of circulation enterprises ,promotes the substantial savings of circulation costs,urges circulation enterprises to operate in accordance with the law ,reduces the risk of internal organizational conflicts and ensures fair treatment of employees ,and continuously improves the performance of high- quality development of circulation enterprises. In the future,circulation enterprises should pay attention to the problems such as the not unified ESG evaluation standards and evaluation mechanisms ,and incomplete information disclosure,take the initiative to integrate ESG into their long-term strategic planning,find the effective combination of ESG and their business model ,not only serve the national strategy and social needs,but also deeply tap the business value of ESG,and take ESG as the internal driving force of business development,so as to achieve high-quality and sustainable long-term development.
Key words:ESG;circulation enterprise;high-quality development;value responsibility