Research on the Impact of ESG Concept on the Sustainable Development of Commercial Banks Under the Background of Double Carbon

Abstract

Driven by the "two-carbon" national strategic goal of carbon peaking and carbon neutrality, China has officially entered the transition path of realizing net zero carbon emission goal, which means that scientific and technological innovation, energy strategy, industrial policy and economic structure usher in new changes. With the popularity of ESG concept in the national financial market, our country began to shift from the exploration stage to increase the application of ESG concept in the financial market. As an indispensable part of the domestic financial service system, commercial banks should promote the sustainable development of governance with the help of ESG concept. By exploring the practice of ESG concept in the commercial bank system under the background of "double carbon", this paper summarizes the ESG governance system of domestic commercial banks, analyzes and discusses the opportunities for the banking industry brought by the practice of ESG concept, and puts forward countermeasures and suggestions for the sustainable development of commercial banks in the future.