ESG Practice of Medical Device Companies and its Impact on Corporate Performance: Taking Mindray as an Example
In the context of China’s “dual carbon” goal, the concept of Environment, Social and Governance (ESG) has attracted more and more attention, and enterprises have turned their attention to ESG in the process of thinking about how to transform to a new model of sustainable development. At the same tim...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2024-01-01
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| Series: | SHS Web of Conferences |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2024/08/shsconf_icdde2024_01013.pdf |
| _version_ | 1797221521974886400 |
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| author | Chen Ziyue |
| author_facet | Chen Ziyue |
| author_sort | Chen Ziyue |
| collection | DOAJ |
| description | In the context of China’s “dual carbon” goal, the concept of Environment, Social and Governance (ESG) has attracted more and more attention, and enterprises have turned their attention to ESG in the process of thinking about how to transform to a new model of sustainable development. At the same time, with the aging population and the continuous progress of medical technology, the medical device industry shows a trend of rapid development. Researchers found that good ESG practices have a positive impact on enterprise performance. However, most of the studies are empirical studies based on big data samples, while there are few case studies on specific companies. As a leading enterprise in the medical device industry, Mindray has made continuous efforts in green development, social responsibility and corporate governance, and has achieved excellent performance in ESG transparency and ESG performance evaluation. Therefore, this study takes Mindray as the research object, adopts literature research method and case study method to analyze its ESG practice path and its impact on corporate performance. The study found that Mindray Medical’s ESG practices performed well, and its good ESG practices had a positive impact on both its non-financial performance and financial performance, which was conducive to its sustainable and healthy development. |
| first_indexed | 2024-04-24T13:06:46Z |
| format | Article |
| id | doaj.art-d8fdc529399848baa68a2f2d35334527 |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-04-24T13:06:46Z |
| publishDate | 2024-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-d8fdc529399848baa68a2f2d353345272024-04-05T07:32:09ZengEDP SciencesSHS Web of Conferences2261-24242024-01-011880101310.1051/shsconf/202418801013shsconf_icdde2024_01013ESG Practice of Medical Device Companies and its Impact on Corporate Performance: Taking Mindray as an ExampleChen Ziyue0School of Economics and Management, Beijing University of Chemical TechnologyIn the context of China’s “dual carbon” goal, the concept of Environment, Social and Governance (ESG) has attracted more and more attention, and enterprises have turned their attention to ESG in the process of thinking about how to transform to a new model of sustainable development. At the same time, with the aging population and the continuous progress of medical technology, the medical device industry shows a trend of rapid development. Researchers found that good ESG practices have a positive impact on enterprise performance. However, most of the studies are empirical studies based on big data samples, while there are few case studies on specific companies. As a leading enterprise in the medical device industry, Mindray has made continuous efforts in green development, social responsibility and corporate governance, and has achieved excellent performance in ESG transparency and ESG performance evaluation. Therefore, this study takes Mindray as the research object, adopts literature research method and case study method to analyze its ESG practice path and its impact on corporate performance. The study found that Mindray Medical’s ESG practices performed well, and its good ESG practices had a positive impact on both its non-financial performance and financial performance, which was conducive to its sustainable and healthy development.https://www.shs-conferences.org/articles/shsconf/pdf/2024/08/shsconf_icdde2024_01013.pdf |
| spellingShingle | Chen Ziyue ESG Practice of Medical Device Companies and its Impact on Corporate Performance: Taking Mindray as an Example SHS Web of Conferences |
| title | ESG Practice of Medical Device Companies and its Impact on Corporate Performance: Taking Mindray as an Example |
| title_full | ESG Practice of Medical Device Companies and its Impact on Corporate Performance: Taking Mindray as an Example |
| title_fullStr | ESG Practice of Medical Device Companies and its Impact on Corporate Performance: Taking Mindray as an Example |
| title_full_unstemmed | ESG Practice of Medical Device Companies and its Impact on Corporate Performance: Taking Mindray as an Example |
| title_short | ESG Practice of Medical Device Companies and its Impact on Corporate Performance: Taking Mindray as an Example |
| title_sort | esg practice of medical device companies and its impact on corporate performance taking mindray as an example |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2024/08/shsconf_icdde2024_01013.pdf |
| work_keys_str_mv | AT chenziyue esgpracticeofmedicaldevicecompaniesanditsimpactoncorporateperformancetakingmindrayasanexample |