Concept Of Sustainable Development Research Articles

Saudi Digital Library Services in the Light of the National and International Sustainable Development Goals

The study aimed to identify the concept of sustainable development, and to explore the role of digital libraries in achieving SDGs, by shedding light on the reality of the SDL in terms of financial, technical and human capabilities to achieve the Kingdom’s 2030 vision for sustainable development. The study revealed that digital libraries play an active role in achieving SDGs through secure and diverse technical infrastructure, and a variety of digital information sources. Digital libraries enhance the level of information awareness among users. Among digital libraries worldwide, SDL is distinguished in terms of knowledge resources acquired, its platforms, and through the large number of beneficiaries of its services, representing all segments of the academic community in Saudi Arabia's higher education institutions. Based on a solid network, and Saudi Arabia vision 2030, SDL succeeded to link higher education institutions through a huge amount of information sources, and facilitated their access, and provided equal opportunities for all. The study recommended that in order to be the national digital platform and effective development partner, SDL must expand the scope of services to include trade and industrial private and public sectors, and raise the level of research awareness and ethics among Arab scholars and researchers.

Integrating issue-oriented solution of marine spatial planning (MSP): A case study of Koh Sichang in Thailand

As an effective means of coordinating sea use conflicts and promoting ecological conservation, Marine Spatial Planning (MSP) has been well-known by more and more countries. The study has developed an issue-oriented solution for Koh Sichang and its surrounding sea areas in Thailand. Through multi-source data collection and on-site survey, the characteristics of abundant coral reef resources, numerous waterways and mooring areas have been identified. Then, corresponding thematic studies and zoning were conducted, including cassava scatter risk prediction, habitat risk assessment, demarcation of aquaculture priority areas, and scenario analysis. The results show that: (1) Cassava powder accumulates northeast of Koh Sichang and adjacent areas and distributes as high as 84%, with significant diffusion under south wind. Suggest strengthening maritime transport supervision; (2) Human activities have led to a 100% moderate risk for coral reefs around Koh Sichang. While under conservation pattern, the proportion could be reduced to 30%, highlighting the urgency of protective measures; (3) Contrasting the protection and development patterns reveals the double-edged sword effect of the development of tourism and transportation industries on the environment, emphasizing the need to uphold the concept of sustainable development and ecosystem-based management.

Hedging instruments to ensure the economic security of economic entities: Methodological background. Part 1

Subject. This article discusses the use of hedging instruments in the process of minimizing the risks of changes in market conditions and their impact on the economic security of economic entities. Objectives. The article aims to define hedging as a process of minimizing market risks and their distribution among participants in market transactions and describe the impact of hedging on the valuation of financial accounting items. Methods. For the study, we used the provisions of general economic theories of positive and normative economics, theories of accounting and analysis, theories of finance, the concept of sustainable development of the organization and the concept of constructive obligation. Results. The article defines the method of special accounting for hedging instruments, the use of which makes it possible to reliably reflect in the Statement of Financial Position of the organization the impact of the risk of changes in market conditions and their minimization when allocating these risks among the participants of an exchange transaction in the financial market. Conclusions. Derivative financial instruments are subject to financial accounting and reporting, and the special hedge accounting method is a business model for the use of hedging instruments that includes elements of hedging.

Improving the model of support for the regional fuel and energy complex in the context of sustainable development

Subject. This article considers the fuel and energy complex as a key segment regional economy. Objectives. The article aims to assess measures of support for the fuel and energy complex, and determine its role in ensuring the energy security of Russia. Methods. For the study, we used comparative, and correlation and regression analyses. Results. The article presents the results of the analysis of the development of the fuel and energy complex of the Ryazan Oblast in economic, social and environmental aspects and identifies the main challenges that impede the development of the industry. The article improves the model of State support for the regional fuel and energy complex, the specific feature of which is the delimitation of support measures at the federal and regional levels. Conclusions. In an unstable foreign policy environment, the regional fuel and energy complex is undergoing many changes in its internal functioning, and the actualization of the environmental agenda within the framework of the concept of sustainable development plays a significant role in this.

Relevant information from the perspective of sustainable forest management – auditing socio-environmental information and data

Purpose: The study aims to: (1) deepen the theory of defining new concepts such as relevant information and information needs, and (2) examine the essence of financial and non-financial information and its usefulness to forest stakeholders. The research problem was formulated as follows: “Since forest management entities generate and disclose financial and non-financial information, which of these sources of information will be considered most useful (relevant) by information users?” In the context of environmental and social challenges, accounting 5.0 must generate, report, and disclose information according to stakeholders’ expectations. Methodology/approach: The following methods were used: literature analysis and critique, document examination, logical analysis and construction, the Delphi method, and snowballing. The Pearson chi-square independence test and the Kruskal-Wallis test were used. Findings: The most important characteristics of information are reliability and timeliness. The most useful information for stakeholders includes forest maps and conservation information, a “forest dictionary”, and rules for timber sales. Information about campaigns, charitable actions, forest hazards, and forest access restrictions is useful. Research limitations: A limitation of the research is the national sample size of the survey, with a higher percentage of internal forest stakeholders than external stake-holders. Practical implications: The practical implications of the article are based on the collected research material, which can contribute to the development of a standard questionnaire for investigating the information needs of stakeholders in the future. Originality/value: The study is the first empirical research of its kind in Poland and involves the participation of foreign experts. Contributions to social science theory include: (1) an original definition of “relevant information”; (2) a definition of “information needs”; (3) comparative frameworks for the impact areas of the sustainable development concept in correlation with information, relevant information, and stake-holders; (4) a conceptual table of differences between types of information from a sustainability perspective.

Agricultural Service Trade and Green Development: A Perspective Based on China’s Agricultural Total Factor Productivity

Agricultural service trade is closely related to the promotion of the sustainable development of China’s agriculture and is necessary for comprehensive rural revitalization. To clarify the relationship between trade in agricultural services and agricultural green total factor productivity (AGTFP) from a macroscopic perspective and then analyze the acting path and threshold effect, can provide an important reference for improving agriculture’s green level and realizing the sustainable development of agriculture. This paper uses the provincial panel data of China from 2007 to 2022 to measure agricultural green total factor productivity (AGTFP) using the SBM-GML model and explores the impact of agricultural service trade on AGTFP with the help of the fixed effect model, the mediation effect model, and the threshold model. According to this study: (1) Trade in agricultural services can significantly increase AGTFP. (2) Mechanism analysis shows that trade in agricultural services can promote AGTFP through promoting industrial agglomeration, enhancing technological innovation, and improving factor allocation. (3) Heterogeneity analysis shows that trade in agricultural services has a more obvious role in promoting AGTFP in the eastern region and the main grain marketing area. (4) The threshold effect finds that the promotion of agricultural services trade on AGTFP will gradually increase as the level of government support rises. Therefore, China should actively promote the development of agricultural service trade, implement the concept of sustainable development, improve the level of government support, and promote the improvement in agricultural total factor productivity and sustainable development.

Research on Sustainable Form Design of NEV Vehicle Based on Particle Swarm Algorithm Optimized Support Vector Regression

With the growing emphasis on eco-friendly and sustainable development concepts, new energy vehicles (NEVs) have emerged as a popular alternative to traditional fuel vehicles (FVs). Due to the absence of an internal combustion engine, electric vehicles (EVs) do not require a front air intake grille, allowing for a more minimalist and flexible design. Consequently, aligning EV styling with users’ visual cognition and emotional perception is a critical objective for automakers and designers. In this study, we establish the mapping relationship between users’ emotional cognition and NEV styling design based on experimental data. We introduce Particle Swarm Optimization Support Vector Regression (PSO-SVR) into the perceptual engineering (KE) research process to predict user emotions using Support Vector Regression (SVR). To optimize the three hyperparameters (penalty coefficient C, RBF kernel function parameter γ, and insensitivity loss coefficient ε) of the SVR model, we utilize the Particle Swarm Optimization (PSO) algorithm. The results indicate that the proposed PSO-SVR model outperforms traditional SVR and BPNN models in predicting NEV user emotions. This model effectively captures the nonlinear relationship between battery electric vehicle (BEV) morphological features and users’ emotional cognition, providing a novel method for enhancing NEV design. The results of this research are expected to drive design innovation and technological advancement in the new energy vehicle industry, contributing to the achievement of the ambitious goal of global eco-friendliness and sustainable development.

The Role of International Organizations in Promoting the Right to Sustainable Development

This study examines the development of public international law, including the concept of sustainable development, and the role played by international organizations in promoting world to pay attention to it in response to the demand for the right to optimal exploitation of wealth and resources. International organizations, therefore, should help member countries and other concerned parties to set common goals in all fields to achieve success in sustainable development plans in every area related to politics, economy, society, and the environment. This study used a descriptive methodology to examine how international organizations contribute to the advancement of the right to sustainable development. Through continuous cooperation and coordination.

Problems of international politics: impact of globalization on politics

The concept of globalization is associated with the process of expanding crossborder transactions and interactions in the political, socio-cultural, and economic spheres. It describes the phenomenon of denationalization, which tends to be perceived as a political project. Globalization in the international political system is considered centralized due to its impact on external relations and its close connection with political structures and mechanisms. The creation of the necessary international rules and institutions is characterized by the fact that the concept of global governance is a political response to the processes of economic and social globalization. The influence of the era of globalization on the development of international politics and economic structures has turned out to be deep and complex, being the background for the creation of new political forms and stages of its development. The modern process of globalization is focused on international transformations in the field of politics and economics. It is important to emphasize the fact that the concept of globalization is a broad issue that is an integral part of every field of public activity. It can be described as an acceleration of global economic and political interconnections; the analysis of this phenomenon made it possible to assess the problems caused by its development. This article shows the importance of the globalized world for the life of individual states and international cooperation. The large-scale changes caused by globalization have proved its significant role for cultural, social, economic, and political formation at the international level. The research was based on the theory of globalization, the concept of sustainable development, and the theory of competition. Conclusions. The impact of globalization is felt most strongly when it comes to identity, whether it is an individual or a community. Although globalization can have positive effects, this phenomenon needs to be critically assessed in order to ensure that its negative consequences are understood, studied, and effectively addressed.

CRITERIA FOR ASSESSING THE EFFECTIVENESS OF TRANSPORT POWER PLANTS DECARBONISATION IN ACCORDANCE WITH IMPLEMENTATION OF THE SUSTAINABLE DEVELOPMENT CONCEPT

The directions of restoration and further development of the energy sector in Ukraine are considered in accordance with power plants with internal combustion engines, taking into account the widespread implementation of the Sustainable Development concept, which allows solving existing modern social, economic and environmental problems. For Ukraine, taking into account the economic opportunities and selected priorities for the chosen path of development, it is necessary at this time to choose gradual and specific directions to implement the Sustainable Development concept. The most priority areas of practical implementation of the concept are determined and it is indicated that the effectiveness of this implementation is associated with the development of the industry on the basis of the fourth and fifth industrial revolutions (Industry 4.0 and Industry 5.0). One of the main tasks in solving the problems of the concept is to ensure the environmental component. Notwithstanding the noted progress in improving the environmental efficiency of internal combustion engines, further attention needs to be paid to the task of spreading the introduction of “green energy”, i.e. decarbonisation – reducing greenhouse gas emissions into the environment (CO2). The issue of decarbonisation in the future should be given the greatest attention both in the development and in the manufacture and operation of engines. It is shown that the assessment of the impact of CO2 emitted with the exhaust gases of internal combustion engines into the environment is carried out taking into account the model of operation of engines and the justification of the introduced adjustments. A new criterion is proposed, which is called: “ICE criterion of environmental thermal pollution”, which is proposed for use in studies to assess the effectiveness of the implementation of decarbonisation strategies in all modes of transport at implementation of the Sustainable Development concept in global transport power plants. A method for determining the efficiency of physical and chemical processes of mixture formation and combustion in internal combustion engine cylinders is proposed when using hybrid fuel with “green hydrogen” as its component, which allows determining the dependence of hydrogen influence on the level of engines effective performance and formation of harmful emissions in exhaust gases.

Sustainable Development of Corporations: Theory Evolution and Practical Implementation

ABSTRACT This article examines the practical significance and growing relevance of the sustainable development concept (SDC). To support the hypothesis that SDC principles need to transition from being largely declarative to more practical applications, various desk-based research methods are employed. The historical method is used to trace out the emergence and evolution of the SDC, highlighting a shift from single to diversified development, short-term to long-term sustainability, and domestic to global cooperation. Logical and analytical methods further clarify the increasing global focus on economic, environmental, and social issues. The article also explores approaches to classifying the key aspects of modern sustainable development and identifies the latest trends in the field. It emphasizes the importance of integrating the SDC's economic, environmental, and social dimensions into corporate activities. Examples of successful corporate implementation are provided. However, the findings indicate that broader and more effective frameworks are necessary to move the SDC from theory to practice, enabling corporations to address global challenges more effectively.

ESG-трансформация российских регионов: теоретические аспекты

The paper considers the theoretical aspects of sustainable development and ESG transformation of Russian regions. The research substantiates a systematic approach to the balanced development of regions as socio-ecological and economic systems. The concept of sustainable development and regional ESG transformation correlates to the concept of regional economic security, economic growth, human and social capital development. In our opinion, a systematic reproductive approach is the most productive in solving many problems of regional socio-economic development. Moreover, it could consider the following issues of regional ESG transformation: a six-stage scheme of social reproduction: «science – production – distribution – exchange – consumption – utilization»; natural-economic-institutional-social reproduction chain. One of the aspects of the reproductive approach is the concept of sustainable development and the ESG agenda. However, in terms of economic theory and philosophy, four types of «transformational connections» can be distinguished: interaction, relationships, institutions, and management decisions. The regional sustainable development, the achievement of high indicators of its socio-economic development is presented as a balanced interaction of three components: economy, social sphere, and ecology. Russian scientists consider regional ESG transformation in terms of economic security, regional economic growth, and increasing its attractiveness, development of technological potential, improvement of the institutional environment, and competencies of managers at all levels in the field of sustainable development and ESG.

Sustainable Healing and Therapeutic Design Driven Well-Being in Hospital Environment

Despite the growing awareness of healing hospitals, they are still far from being globally widespread, and traditional hospital building models are increasingly unable to address the serious resource constraints and environmental stresses that we face today. In addition, sustainable development concepts have become key driving forces in the construction process of healing buildings. Currently, while research on healing hospital design continues to grow, there is relatively little that specifically addresses the integration of sustainable development concepts. Hence, this paper aims to explore the current state of development and knowledge structure of sustainable healing and therapeutic design (HTD) in hospital scenarios using a systematic methodology that integrates macro-quantitative bibliometric analysis and follow-up micro-qualitative content analysis methods based on data from the Web of Science (WOS) database, which investigates eight research objectives, including the background, current state, hotspots, high-frequency words, integration with sustainable development goals (SDGs), particularly SDG3, “Ensure healthy lifestyles and promote well-being of people of all ages”, and the challenges posed by public health emergencies, such as the COVID-19 era, for sustainable HTD in hospitals. This paper identified six main clusters: the environment of a hospital, mental health, quality of life, illness and care, COVID-19, and wound healing. These clusters were taken from keyword network visualization analysis, emphasizing key terms focused on wound healing, mental health, quality of life, nursing, children, and evidence-based design via high-frequency keyword analysis. These have been further grouped into three categories: strategy, approach, and method. Subsequently, this paper further explores how hospital HTD relates to SDG 3 targeted on reducing child mortality (SDG 3.2), promoting mental health and physical health (SDG 3.4), and achieving universal health coverage (SDG 3.8) to explore wound healing, mental health, quality of life, nursing, and children, which are stressed in the results of both macro-quantitative bibliometric and follow-up micro-qualitative content analyses. In addition, it is shown that more changes should be made to sustainable hospital HTD in the context of the pandemic era to cope with unpredictable crises. Finally, the expression HTD is discussed to justify the keywords. The results of this study complement sustainable hospital HTD and provide assistance to future architects, policy makers, and healthcare professionals.

Institutional space of sustainable development: Structure, motives, and conditions of development in Ukraine

The massive destructive processes and security challenges faced by Ukraine in defending its right to choose a development model have heightened the problem of defining institutional conditions for the structural transformation of the economy and aligning its parameters with sustainable development priorities. The purpose of this study was to model scenarios for the development of the business environment under various types of institutional structures and to determine the possibility of creating an institutional basis for Ukraine’s sustainable development in the face of global security challenges. The study was based on the conceptual framework of the institutional environment. The study identified institutional gaps in the business environment that distort the motivational foundation of Ukraine’s sustainable development concept and lead to the dominance of corrupt elements in the decisions and actions of economic actors. The consequences of the influence of extractive institutional factors on the choice of behaviour strategies by economic entities were systematised. The study characterised the differences in the impact of extractive and inclusive institutions on economic processes. Using the motivation vectors of business representatives, government authorities, and the public, scenarios for the development of the business environment were modelled, and their results were presented from the perspective of sustainable development goals. The concept of developing an environment of “entrepreneurial inclusivity” as an institutional basis for sustainable development was conceptualised, emphasising its role as a stimulator of proactive and effective innovative activities. The goals of developing innovative infrastructure were defined as a set of institutions of collective action that enable the reduction of risks in the innovative activities of enterprises and enhance their efficiency. The conditions under which the business community will be motivated to develop such institutions were identified. The role of civil organisations in institutional change processes and the development of institutions of collective action was emphasised. The findings of this study have practical significance for shaping the institutional mechanism to implement innovation and technological structural shifts in Ukraine’s economy in the context of sustainable development goals during its post-war revival

A Fluorine-Free Superhydrophobic Cotton Fabric Prepared by a Green and Energy-Saving Method Is Used for Long-Lasting and Efficient Oil-Water Separation.

Oil pollution poses a major threat to the ecosystem. Therefore, it is necessary to develop a material that can separate oil and water efficiently. Fabrics have a wide range of applications due to their economic simplicity and degradability. However, the existing methods of preparing superhydrophobic fabrics are complicated and energy-consuming, which are difficult to meet the concept of green and sustainable development. Moreover, various modified fabrics are less stable in harsh environments and do not have the ability to efficiently separate oil and water over a long period of time. In this paper, superhydrophobic zirconium dioxide (ZrO2) obtained from the modification of stearic acid was loaded onto the fabric surface using the adhesive properties of PDMS, resulting in the preparation of superhydrophobic/superoleophilic STA-ZrO2 fabrics. The fabric is made without involving time-consuming and energy-consuming heating, and it offers efficient oil-water separation, good stability and excellent recyclability. Truly in line with the concept of sustainable development.

The performance of waste glass aggregate concrete GFRP-steel double-skin tubular columns under axial compression: Experimental study

In an attempt to alleviate the problem of growing waste glass and fully utilize the excellent material properties of fiber-reinforced polymer (FRP), a novel composite structure, waste glass aggregate concrete glass fiber reinforced polymer (GFRP)-steel double-skin tubular column (WGAC-DSTC), was proposed based on the FRP-concrete-steel double-skin tubular column (DSTC). In the present research, eight WGAC-DSTCs and four waste glass aggregate concrete-filled GFRP tubular columns (WGAC-CFFTs) were investigated to explore their mechanical performance under axial compression. Effects of diverse replacement ratio of waste glass aggregate, GFRP tube thickness, and hollow ratio of column on the mechanical performance of twelve columns were investigated. Meanwhile, this research analyzed and discussed the failure characteristics of columns, load-displacement relationship, ductility coefficient, stiffness coefficient, parameter analysis, ultimate bearing capacity, load-strain relationship and constraint factor. Besides, predicted formulae for estimating the ultimate bearing capacity of WGAC-CFFTs and WGAC-DSTCs were proposed. The research results indicated that (1) Failure mode of the WGAC-DSTCs displayed axial compression failure or shear failure and failure mode of WGAC-CFFTs exhibited mainly axial compression failure; (2) WGAC-DSTCs with 10 % replacement ratio of waste glass aggregate and hollow ratio of 0.4 indicated an increase in the ultimate bearing capacity by 17.24 % and 45.78 %, respectively, as the GFRP tube thickness increased from 1.5 mm to 2 mm and 3 mm. As the column's hollow ratio enhanced from 0.27 to 0.68, the column's ultimate bearing capacity significantly decreased by 7.08 %-60.55 %. The ultimate bearing capacity of WGAC-CFFTs showed a trend of first increasing by 8.33 %-9.41 % but then decreasing by 1.52 % when the replacement ratio of waste glass aggregate rose from 0 % to 30 %; (3) WGAC could replace natural aggregate concrete in traditional DSTC and the bearing capacity could be guaranteed. Besides, it's recommended to utilize 20 % replacement ratio of waste glass aggregate for the WGAC-DSTC whose ultimate bearing capacity enhanced by 15.17 % and possessing optimal mechanical performance; (4) The results calculated utilizing predicted formulae matched well with results of experiment. The application of waste glass aggregate concrete in DSTC can contribute to economic growth and environmental protection and meet the concept of sustainable development.

FEATURES OF SUSTAINABLE DEVELOPMENT PRINCIPLES CONSOLIDATION IN RUSSIAN LAW

The purpose of the research. The article deals with the problems of reflecting the concept of sustainable development in the Russian legislation. The historical aspects of the formation of this concept in international law are studied, the role of the United Nations in its promotion and development is noted. The main normative legal acts of the Russian Federation reflecting the ideas of sustainable development are considered in order to analyze the nature of the provisions contained in them and assess their effectiveness. Conclusions. The study concluded that there is no single special normative act regulating relations in this area in the Russian Federation, as well as a limited number of sources of national law, generally affecting the issues of achieving sustainable development goals and ESG-agenda implementation. At the same time, a significant role of «soft law» acts (standards, industry recommendations, codes of corporate governance, etc.), which, despite their advisory nature, are important for closing the emerging gap in legal regulation in this area, was noted. Such acts are developed, in particular, by the Bank of Russia and Rosstandart within the limits of their authority, as well as within the framework of initiatives of business associations (primarily, the Russian Union of Industrialists and Entrepreneurs) to develop documents designed to ensure the implementation of sustainable development goals and objectives by business community members on a voluntary basis. Among the possible directions of the legislation improvement, it is proposed to get back to the development of the draft federal law «On Public Non-financial Reporting» taking into account the necessity to amend some of its provisions both in terms of the conceptual apparatus and in terms of fixing specific indicators of such reporting.

ANALYZING COMPANY’S COMPETITIVENESS: DEFINITIONS AND INFLUENCING FACTORS

The article is devoted to the study of the competitiveness of the enterprise as an economic concept and an object of assessment. Issues that remain unresolved, despite the significant level of development of this issue, are considered. In particular, the problems of the integration of digital technologies as one of the main factors of competitiveness are highlighted, the importance of the adaptability of cross-industry innovations is shown, and the relationship between the concepts of sustainable development and the competitiveness of the enterprise is explained. It was determined that today enterprises, forming competitive advantages, face new challenges in the context of globalization. Much of the existing research focuses on static models of competitiveness, while prospective studies should pay more attention to how corporations can maintain competitiveness in a dynamic global marketplace. The article identifies the main factors in the formation of sustainable competitive advantages of enterprises in the conditions of the digital economy and the intensive spread of technologies. The authors proposed a schematic visualization of the multifaceted meaningful interrelationship of competitiveness and the main business competencies of innovative enterprises. Based on the analysis of scientific sources and previous empirical studies of the authors, the list of competitiveness factors is summarized, which is based on a synthetic approach and includes external, internal, macroeconomic, environmental, social, technological, innovative and other factors. It is emphasized that one of the key levers of the mechanism of formation of sustainable competitive advantages of enterprises in modern conditions of uncertainty is market adaptability, which is subject to economic analysis and forecasting. Thus, the authors note that innovation potential has become a key element for maintaining competitiveness, especially in technology-driven industries, while corporate social responsibility and sustainable development are increasingly seen as integral components of long-term competitiveness; moreover, with the deepening of globalization, companies must possess the ability to adapt to the conditions of international markets in order to remain competitive in the long term. The priority direction of further research is the development of a model for evaluating the market adaptability of innovatively active enterprises operating in growing markets.

Environmental, Social, and Governance Performance, Platform Governance, and Value Creation of Platform Enterprises

Under the concepts of sustainable development and a sharing economy, the ESG performance of platform enterprises has played a significant role in measuring the operating status and responsible investment of platform enterprises. Platform enterprises have different typical characteristics from traditional enterprises. The mechanisms of ESG and financial performance needs to be further explored. The empirical analysis finds that: (1) the ESG performance of platform enterprises and its S index and G index has a positive impact on corporate financial performance. (2) Media attention plays a positive moderating role between the ESG and ROA. (3) Platform data governance and platform reputation governance are two internal and external paths for platform enterprises’ ESG performance to improve financial performance. (4)There is heterogeneity in the relationship between ESG and ROA in terms of platform enterprise scale and platform type. Based on the above conclusions, this paper provides reference experience for the ESG governance and value creation of platform enterprises.

The Impact of ESG on Corporate Financial Performance

Under the guidance of the concept of sustainable development and the "dual carbon" goals, the establishment of an ESG system has become an important issue of concern for enterprises in our country. The ESG system not only helps companies fulfill their social responsibilities but is also believed to enhance their financial performance. Regarding the question of whether ESG truly has a positive feedback effect on a company's financial performance, a descriptive analysis and visual analysis method were employed to review and analyze over 200 research papers related to ESG. Taking Bosiding as an example, it was found that ESG has had a certain positive feedback effect on the Research findings indicate that corporate ESG performance has a significant positive impact on the financial performance of listed companies. ESG performance not only alleviates financing constraints but also enhances corporate efficiency, making a positive contribution to the profitability of both listed companies and small and medium-sized enterprises.