Author(s)

Jiayong Xu ^1,2, Lirong Wan ¹

Affiliation(s)

¹ The Graduate University of Mongolia (GUM), Ulaanbaatar, 14200, Mongolia
² Beijing Polyvision Technology Development Co., Ltd., Beijing, 100101, China

Corresponding Author

Lirong Wan

ABSTRACT

Through an in-depth analysis of the correlation between ESG (environmental, social and governance) factors and enterprise financial performance, this paper discusses the impact of ESG integrated management on enterprise innovation and competitiveness. First, the relationship between ESG factors and financial performance is comprehensively reviewed, including the impact of environmental, social and governance factors on corporate profitability, market value and long-term shareholder value. Secondly, it focuses on the incentive effect of ESG integrated management on enterprise innovation, including promoting product and service innovation through environmental protection and social responsibility practices, as well as improving employee innovation potential and teamwork efficiency. Thirdly, this paper discusses the effect of ESG integrated management on improving the competitiveness of enterprises, including enhancing consumer trust and loyalty by establishing a good image and reputation, and increasing market share and sales revenue. Finally, it summarizes the importance and role of ESG integrated management on enterprise innovation and competitiveness, and emphasizes the necessity of integrating ESG into enterprise strategic planning and daily operation to achieve long-term development and value maximization of the enterprise. With the continuous popularization and development of ESG investment concept, the correlation between it and enterprise financial performance will become an important factor for enterprise strategic decision and investor choice.

KEYWORDS

ESG, environment, society and governance, business management

CITE THIS PAPER

Jiayong Xu, Lirong Wan, Future-Oriented Enterprises: Research on the Coordinated Development of ESG Performance, Financial Performance and Operational Efficiency. Accounting and Corporate Management (2024) Vol. 6: 24-30. DOI: http://dx.doi.org/10.23977/acccm.2024.060204.

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