Research on the Status and Performance of Enterprise Environmental Protection Investment in Metallurgical Industry: Based on the Case of Baosteel

Abstract

The metallurgical industry is one of the key monitoring industries to achieve the carbon peaking and carbon neutrality goals ("double carbon" goal for short). Environmental protection investment is an effective way to achieve the "double carbon" goal. By using case study and comparative analysis, this paper systematically analyzes the scale, structure, economic performance and environmental performance of environmental protection investment of Baoshan Iron and Steel Co., Ltd. ("Baosteel" for short). It is found that (1) The environmental protection investment of enterprises has increased year by year, but the proportion of environmental protection investment in the total investment is low. (2) In the environmental protection investment structure of enterprises, the expensive investment is more than the capitalized investment. (3) Environmental protection investment of enterprises has produced significant environmental performance in environmental quality, environmental management, operation of environmental protection facilities and resource utilization, but environmental protection technology innovation needs to be improved. (4) Environmental protection investment of enterprises has produced certain economic performance in reducing financial risks, saving energy-saving costs, sales of environmental protection products, environmental protection taxes and government subsidies. The research results provide a theoretical reference for strengthening the main responsibility of environmental protection investment of metallurgical enterprises, improving the efficiency of environmental protection investment, promoting green development of enterprises, and helping to achieve the goal of "double carbon".