In-depth Analysis and Prospect of Factors Influencing Corporate ESG Performance
The ESG (Environmental, Social, and Governance) concept is receiving increasing attention globally and has become an important consideration factor for corporate sustainable development. This article provides an in-depth analysis of the factors influencing corporate ESG performance. Firstly, the research background was elaborated, including the attention of governments, investors, and society to corporate ESG performance in the context of global sustainable development trends. The research objective is to provide theoretical support and practical guidance for enterprises to improve their ESG level, and to provide decision-making basis for investors. Through literature review, the current research status and shortcomings at home and abroad are sorted out, and literature research and case analysis methods are used for research. Analyzed the relevant applications of ESG ratings, including becoming a decision-making basis for investors globally, being used by companies for governance and performance improvement, and the influence and application scope in the financial industry. Explored the internal and external factors influencing corporate ESG performance, and provided recommendations for companies, investors, and regulatory agencies. Finally, an outlook on the future ESG performance of enterprises was provided. This study indicates that corporate ESG performance is influenced by multiple factors such as environment, society, governance, and supply chain finance. Improving corporate ESG performance requires joint efforts from businesses, governments, investors, and all sectors of society. In the future, ESG research should be further strengthened to promote sustainable development of enterprises.
Authors
- Xichen Wang (ORCID: https://orcid.org/0000-0002-8544-9645)
Publication Details
- Journal
- Advances in Economics Management and Political Sciences
- Published
- 2025-01-10
- DOI
- https://doi.org/10.54254/2754-1169/2025.20075
- Primary Topic
- Energy, Environment, Economic Growth
- Type
- article
- Field-Weighted Citation Impact
- 0.00