Study on the impact of ESG performance on firm performance

In order to accelerate the achievement of carbon peaking and neutrality goals comply with trend that China’s economic development is increasingly focused on quality, it significant for enterprises achieve sustainable development. Using a panel model, this paper empirically analyzes relationship between firm performance its ESG using listed companies in Shanghai Shenzhen A-share markets from 2012-2021 as research sample, discusses differences according industries which are in. The analysis results show enterprise has positive impact performance, better company, higher performance. heterogeneity reveals only exists manufacturing firms, but not non-manufacturing firms.