Abstract
With the deterioration of the global environment and the depletion of natural resources, ESG has become a topic of increasing importance among nations. ESG is the core framework for the sustainable development of enterprises, and has become the mainstream evaluation system for enterprises' performance. This paper tries to examine the relationship between ESG and corporate profitability in China's A-share companies following the COVID-19 pandemic. In this work, a model is developed using current ESG data from Chinese publicly listed corporations. Based on the collecting data, this paper conducted correlation and regression analyses, and used a robustness test to determine the model's stability. This paper finds that in 2022, just after the COVID-19 pandemic, the ESG score has a significant positive correlation with enterprises' revenue and net income. Improving an enterprise's ESG score is an effective way to increase its profitability. This paper concludes with suggestions for companies seeking to improve their ESG score.
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