Research on the Impact of ESG Information Disclosure on Corporate Financial Performance

Taking Pinduoduo as an Example

Abstract

In recent years, with the proposal of the 14th Five Year Plan and the continuous promotion of the "dual carbon" goals, the ESG concept, which is highly compatible with its development philosophy, has attracted increasing attention from scholars and corporate leaders at home and abroad. The ESG concept emphasizes the performance of enterprises in environmental, social, and corporate governance aspects. Actively practicing ESG practices not only significantly reduces operating costs and establishes a good corporate image, but also directly improves the financial performance of enterprises. This article adopts a case study method and selects listed company Pinduoduo as the research object. By analyzing its ESG information disclosure and performance, as well as its financial performance in recent years, it argues that ESG information disclosure of enterprises will effectively improve their financial performance. Based on the research findings, suggestions are proposed for the further development of ESG practices in China for reference.