Research on the Impact of ESG Performance on Enterprise Value —— Take Western Construction Company as an example

Abstract

Abstract Abstract With the proposal of China’s “dual carbon” goals, ESG is playing an increasingly important role in the development of enterprises. This article takes Western Construction as an example and first analyzes the ESG performance of Western Construction from three aspects: environment (E), society (S), and corporate governance (G). Then, based on the financial reports from 2019 to 2023, analyze the profitability, operation, growth and debt-paying ability of Western Construction, and explore the impact of its ESG performance on financial performance. Finally, based on the stock price fluctuations before and after the release of the ESG report and the Tobin Q value, this paper explores the impact of ESG performance on market value and puts forward reasonable and effective suggestions. The research results show that good ESG performance can effectively promote the improvement of an enterprise’s financial performance and market value, and contribute to the long-term sustainable development of the enterprise.