Current Research Progress of ESG and Its Systematic Analysis from the Perspective of Economics

Abstract

As global environmental, social and governance issues gradually become key factors for enterprise sustainable development and investment decision-making, the research progress of Environment, Social Responsibility and Governance (ESG) has received wide attention. This article will systematically summarize the existing ESG research based on the existing ESG research environment, society and governance, based on the existing research on ESG enterprise value, corporate performance and social responsibility, systematically summarize the existing ESG research, find problems in ESG research and propose solutions through summary. The construction of ESG system in accordance with economics is discussed, and the research found that, The ESG system provides new evaluation indicators and decision-making tools for enterprises and investors. By quantifying the performance of the environment, society and governance, ESG evaluation not only helps enterprises better internalize social costs, improve brand value and employee loyalty, but also alleviates information asymmetry and agency problems, and enhances the long-term risk resistance of enterprises. Based on the discussion of the ESG system in this article, it provides a program discussion to solve the problems in the current ESG research. At the same time, it provides more possibilities for better achieving the coordinated development of society, economy and the environment, and provides a feasibility plan for global sustainable development.