The Current Situation, Hot Spots, and Prospects of ESG in the Transformation and Upgrading of Chinese Enterprises under the Background of Dual Carbon

With the promotion of China's dual carbon goals, high-quality development and green low-carbon transformation have become new development goals for enterprises. In this context, ESG, which focuses on environment, society, and governance, has increasingly become the core concept for evaluating the long-term value and sustainable development ability of enterprises. At present, Chinese enterprises have gradually become interested in the concept of ESG development and has brought new opportunities and challenges to enterprise management decision-making and strategic transformation. If enterprises can make good use of ESG concepts and create differentiated competitive advantages, it will be beneficial to enhance market competitiveness and encourage the development of enterprises at a high level. In this essay, the literature on ESG research in China is reviewed and analyzed. The article explores the current research status, hotspots, and stages of ESG in China, and analyzes the paths and methods for Chinese enterprises to transform and upgrade under the guidance of ESG concepts, which can encourage the sustainable growth of Chinese enterprises.