Construction of Enterprise Performance Evaluation System Based on Sustainable Development Perspective: Evidence from Heavily Polluting Listed Companies in China

Abstract

The heavily polluting industry plays a crucial role in the industrial structure, and actively exploring green development methods and improving business performance is the only way for enterprises to develop in the future. This article selects a total of 1381 listed companies in heavy pollution industries listed in Shanghai and Shenzhen, China, from 2010 to 2021 as the research objects. Based on the characteristics of their production and operation, a sustainable development performance evaluation system is established that comprehensively reflects the overall performance of enterprises in three performance dimensions: financial performance, social responsibility, and risk control. Factor analysis is used to empirically evaluate the comprehensive performance of enterprises, Enabling enterprises to formulate and adjust their production and operation decisions based on performance evaluation results, achieving healthy and sustainable development of the company in a timely manner.