A Study of the Impact of ESG Performance on Corporate Value

In recent years, with the emergence of a series of phenomena such as world warming, the concepts of sustainable development and green development have gradually gained attention, and the performance of enterprises in terms of environmental, social and corporate governance (ESG) has received extensive attention from society. This study focuses on the issue of the impact of ESG performance on corporate value. This paper analyzes the relationship between ESG ratings and corporate value based on the data from Cathay Pacific and Dibbo databases, and the empirical results show that there is a positive contribution of corporate ESG performance to corporate value.