Evaluation of Low-Carbon Competitiveness Based on a System Evaluation Method: A Case Study of Three Chinese Steel Companies

Abstract

Low-carbon competitiveness is an effective way for enterprises to remain relevant in the global green economy agenda. The low-carbon footprints of firms are not only reflected in their carbon-tangible assets but also in carbon-intangible assets. Thus, carbon-intangible assets also play a crucial role in firms’ emission mitigation and environmental conservation capacity. Several forms of carbon-intangible assets may constitute an integrated system that shapes the low-carbon performance of enterprises. Therefore, firms’ low-carbon competitiveness can be evaluated by studying the distribution of individual carbon-intangible resources and the composite shape of such assets. Based on this idea, this paper explored the dimensions through which carbon-intangible assets contribute to low-carbon competitiveness. By determining the location and distribution of each carbon-intangible asset in its value space, we proposed a multidimensional evaluation technique with three dimensions including realistic, sustainable, and inimitable value. Herein, the idea of value space of carbon-intangible assets has been contributed to the extant literature. Finally, to apply our evaluation index system, we selected three Chinese steel companies to serve as the research sample and evaluated their low-carbon performances. The main contribution of this study is the development and application of a novel multidimensional low-carbon evaluation method. This technique will not only help governments as well as the academics to effectively determine the low-carbon level of enterprises but also helps managers to fully grasp the trends of low-carbon competitiveness and thereby take some targeted measures to improve their firms’ performance.

Define Electronic Enterprise Financial Management Information Decision-Making Process Based on IoT and the ERP Model

“…Engineering funds are an important capital expenditure item for power supply companies, every year, power supply companies have many large-scale engineering projects, for example, in 2009, and the investment in power grid construction of the State Grid Corporation of China reached 298 billion yuan, a considerable amount. Due to the large amount of the project, there are many uncertain factors in its construction, and it is difficult to control the leakage of secrets, therefore, it is easy to cause waste funds in the construction of engineering projects for power supply enterprises and even fraudulent behaviors, resulting in the difficulty of recovering investment income [18].…”

Research progress of hydrogen production and CO2 fixation in molten slag cooling process

“…Popularizing green energy‐saving and carbon‐reducing technology in iron and steel enterprises is of great significance for China and the world to realize carbon reduction as soon as possible. [ 19–21 ]…”

“…Popularizing green energy-saving and carbon-reducing technology in iron and steel enterprises is of great significance for China and the world to realize carbon reduction as soon as possible. [19][20][21] Chinese steel mills produce about 120-140 kg of steel slag for 1 t of steel produced. [22] According to the statistics of World Iron and Steel Association and China National Bureau of Statistics, the production and accumulation of steel slag in China from 2013 to 2022 are summarized as shown in Figure 2.…”

Application of Comprehensive Energy System in Value Evaluation of Iron and Steel Enterprises

“…In addition, as a major polluter, the rational use and balanced allocation of energy by steel enterprises play a crucial role in environmental protection. The Energy Management System (EMS), as the core of the energy system in steel enterprises, achieves significant improvement in labor productivity through centralized monitoring and effective management of the energy system [1]. In the event of energy system abnormalities and accidents, EMS can provide timely, rapid, and accurate response to minimize the impact of energy system failures, ensure the safe operation and stable energy supply of energy equipment, and fully utilize secondary energy from steel mills, ensuring the economic and reasonable operation of production, and achieving energy-saving and environmental benefits.…”