Mechanism of ESG System Construction Promoting Sustainable Financial Development under the "Dual Carbon" Goals
Year: 2024
Type: article
Abstract: China is advancing green and low-carbon development in a coordinated manner, and at the 75th session of the United Nations General Assembly, China officially proposed the goals of carbon peaking and carbon neutrality. The "dual carbon" strategy is an essential path to achieving green and sustainable development, as well as a necessary measure to enhance the momentum of high-quality economic growth. The construction of the ESG (Environmental, Social, and Governance) system is a crucial factor influencing the development of green finance, and the importance of green finance and sustainable development for high-quality corporate and social development is further elevated. This paper analyzes the significance of ESG system construction for the green transition of the economy and society. Based on the development status of ESG practices domestically and internationally, and grounded in the issues and needs of the domestic economic and social green transition, this study explores the mechanism by which ESG system construction promotes the sustainable development of finance.
Authors: Ke Mei, Jiaying Zhang, Jinshan Guo
Institution: Hubei University Of Economics
Language: English
Subfield: Finance
Domain: Social Sciences
SDG: Climate action
Open Access status: hybrid
OpenAlex ID: W4403846844