Research on Response Behavior and Effect of ESG Concept in Liquor Enterprises

Abstract

 At a time of rapid economic growth, environmental, social and governance issues are particularly prominent. As ESG's philosophy focuses more on environmental, social and governance issues and is more in line with the requirements of sustainable development, it is recognized by the vast number of participants in economic activities. However, due to the limited research results in ESG field in China and the foreign ESG practice experience, it is not suitable for Chinese enterprises. Although the listed companies in our country have the willingness to respond to ESG concept, they are still in the initial stage in responding to ESG concept due to lack of experience and reference. Guizhou Maotai is a leading enterprise in the liquor industry, but it generally has low scores in various ESG systems and is the enterprise with the lowest MSCI ESG rating among the world's 20 largest market capitalization. Studying the response effect of Guizhou Maotai's ESG concept, we can find out the advantages and disadvantages of the enterprise in the process of responding to the ESG concept, which can provide reference for other enterprises in the liquor industry to respond to the development of ESG concept, and is representative.