Research on the Influence of ESG Performance of Commercial Banks on Their Operating Performance

Commercial banks' ESG performance will undoubtedly have some bearing on their operational performance under the "double carbon" aim. This study first explains the literature review on the relationship between the operating and ESG performance of commercial banks, then it examines the issues that still need to be resolved and the state of development of both the ESG and operating performance of commercial banks. Finally, it uses the two-way fixed effect model to conduct an empirical analysis of the relationship between the two and discovers a significant positive correlation. Based on this, this paper offers some recommendations and remedies for commercial banks to continue developing ESG development capabilities, strengthening ESG performance, and creating a dedicated ESG risk management department.