Environmental Performance Evaluation of New Type Thermal Power Enterprises Considering Carbon Peak and Neutrality

Li, Tao; Guo, Yi; Yi, Liqi; Gao, Tian

doi:10.3390/su14073734

Cited by 3 publications

(1 citation statement)

References 38 publications

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“…Moreover, the ESG indexes launched by these rating agencies include the SynTao Green Finance ESG Good 50 Index (SGCX ESG50), the CSI 180ESG Index, and the CSI 300 Green Leading Index. In a word, the development of ESG performance rating outside China is relatively high, while there are few relevant studies inside China, and a perfect and unified ESG evaluation system has not been established yet [37][38][39][40][41][42][43].…”

Section: Esgmentioning

confidence: 99%

Research on Performance Evaluation of Coal Enterprises Based on Grounded Theory, Entropy Method and Cloud Model from the Perspective of ESG

2022

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At present, coal enterprises generally have inadequate environmental protection, serious social issues, and poor corporate governance. Against the background of sustainable development strategies and the “carbon peaking” and “carbon neutrality” targets, there is an urgent need to conduct a performance evaluation of the sustainable development of coal enterprises. Environmental, social, and governance (ESG) performance is the foundation and booster of sustainable and high−quality development of coal enterprises. It is a typical application of sustainable development and performance evaluation theory to carry out ESG−led performance evaluation and case research of coal enterprises. Therefore, in this paper, we construct the model framework of ESG–grounded theory–entropy method–cloud model to research the performance evaluation of coal enterprises under the guidance of sustainable development from the dimensions of theoretical optimization and case analysis. The model framework includes the factor structure model, performance evaluation index system, index weighting model, and performance evaluation model. First, on the basis of the theory of ESG and triple bottom line, the finance–environment–society–governance (FESG) structural dimension model of coal enterprise performance evaluation was extracted through the three-level coding of grounded theory (GT). On this basis, the performance evaluation index system from the perspective of sustainable development was constructed. Second, on the basis of the entropy method (EM), the weight model of the coal enterprise performance evaluation index was constructed to determine the weight of indexes at all levels. Third, the performance evaluation model was constructed on the basis of the cloud model (CM), and the principles and methods of “dividing index grade, normalizing index grade, calculating index grade membership degree, and evaluating enterprise performance grade” were clarified. Fourth, in order to verify the feasibility of the model framework, a typical listed company (enterprise Z) in the coal industry was selected in order to conduct a case research based on the statistical data from 2016 to 2020 and analyze the performance grade evaluation results. The research shows that (1) the FESG structural dimension model extracted by grounded theory analysis method and the performance evaluation index system of coal enterprises oriented by sustainable development enrich the connotation and extension of ESG theory; (2) the index weighting model based on the entropy method can objectively determine the weight of indicators at all levels of each dimension of performance; (3) the construction path of coal enterprise performance evaluation model based on cloud model can be used to construct performance evaluation models for other industries; (4) the model framework based on the ESG–grounded theory–entropy method–cloud model can be used to reasonably measure the performance level of coal enterprises and provide theoretical support for the research of performance evaluation inside and outside the industry; (5) the sustainable development performance of coal enterprises is the basis and guarantee for achieving sustainable and high-quality development. The research results can provide theoretical reference for the regulatory authorities to formulate performance evaluation policies from the perspective of sustainable development.

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Section: Esgmentioning

confidence: 99%

Research on Performance Evaluation of Coal Enterprises Based on Grounded Theory, Entropy Method and Cloud Model from the Perspective of ESG

2022

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Composite piezoelectric-electromagnetic synchronously powering and sensing device for vehicle monitoring

Han

Zheng

et al. 2023

Energy Conversion and Management

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Evaluating energy cost performance in China's thermal power industry: A global cost Malmquist approach

Zhuang,

Zhang,

Zhang

et al. 2023

Natural Resources Forum

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With the inclusion of carbon neutrality in the Government Work Report for the first time at the two sessions held in March 2021 and the strengthening of environmental regulation as well as the increase of limits on polluting gas emissions, it has become increasingly important for China to effectively save energy and reduce carbon for sustainable growth under the “dual carbon” target. Since thermal power generation is the most important source of carbon emissions in China, the thermal power industry is the key to achieving the goal of carbon peaking and carbon neutrality. Therefore, it is of great theoretical and practical importance to study the performance of thermal power generation from the micro perspective of power plants. This paper provides a new perspective on the environmental efficiency measurement of thermal power plants by introducing the cost factors of inputs into the model and constructing a global cost Malmquist productivity index, which can effectively solve the problem of the infeasibility of linear programming and different measures of productivity change, to obtain the productivity performance of China's thermal power industry from 2013 to 2017. The empirical results indicate that: (1) The significant decrease in price effect (PE) is the main driving factor of this situation. (2) Except for the central region, the production technology, technical efficiency, and allocative efficiency related to thermal power generation have increased in the eastern and western regions. Therefore, improving CMG productivity in the central region is more challenging than in the other two regions and improving the PE can significantly improve CMG productivity in China's thermal power industry. This study reveals the spatiotemporal characteristics and influencing factors of production efficiency in China's thermal power industry, which can provide targeted policy guidance for managers to improve the sustainable development of power enterprises.

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Environmental Performance Evaluation of New Type Thermal Power Enterprises Considering Carbon Peak and Neutrality

Cited by 3 publications

References 38 publications

Research on Performance Evaluation of Coal Enterprises Based on Grounded Theory, Entropy Method and Cloud Model from the Perspective of ESG

Research on Performance Evaluation of Coal Enterprises Based on Grounded Theory, Entropy Method and Cloud Model from the Perspective of ESG

Composite piezoelectric-electromagnetic synchronously powering and sensing device for vehicle monitoring

Evaluating energy cost performance in China's thermal power industry: A global cost Malmquist approach

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