With the increasing concern for sustainable development in the world, ESG (environmental, social and corporate governance) factors are playing a more and more important role in enterprise management. The purpose of this study is to explore the influence of the integration of ESG factors in China's coffee industry on financial risk identification. By systematically integrating ESG factors such as environmental friendliness, social responsibility and corporate governance, we build a comprehensive financial risk assessment model to identify the potential risks faced by coffee enterprises more comprehensively and accurately. In the method, CatBoost algorithm is used to identify financial risks, and ADASYN algorithm is used to optimize the training set to improve the sensitivity of the model to default risks. The research results show that through the integration of ESG factors, our model has achieved remarkable results in financial risk identification. The Accuracy value reached 0.9671, 12 out of 15 default samples were accurately predicted, and the identification of non-default companies also had strong accuracy, only 2 of them were misjudged. This shows that ESG factors not only have an important impact on sustainable management in the coffee industry, but also can provide strong support for enterprises in identifying financial risks.