PBESProceedings of Business and Economic Studies2209-26412209-265XBio-Byword Scientific Publishing Pty. Ltd.10.26689/pbes.v7i4.8078ArticleResearch on the Impact of BYD Group’s Green Innovation on Corporate Financial Performance under the Background of “Dual Carbon”https://artdesignp.com/journal/PBES/7/4/10.26689/pbes.v7i4.8078LiaoZiyue2024742024-08-26With the increasingly severe global climate change problem, the “dual carbon” goals (peak carbon emissions and carbon neutrality) have become a common focus of international attention. The report of the 20th National Congress of the Communist Party of China clearly emphasizes the need to accelerate the green transformation of development models, implement comprehensive strategies for frugal development, support the growth of green and low-carbon industries, and promote the concept of green consumption. At the same time, “Made in China 2025” also elaborates on the strategic concept of innovation-driven and green development centered, and strives for breakthroughs in key industries such as new energy vehicles. In such a macro environment, adopting green innovation measures by enterprises not only contributes to ecological protection but also has an undeniable impact on their economic performance and overall value. This article takes BYD Group as a case study to explore in detail the positive effects of green innovation on its economic performance. We first systematically organized and analyzed BYD’s specific practices in green innovation; Then, by examining three key financial indicators, BYD’s current financial situation was analyzed in depth; On this basis, combined with research data, the positive impact of green innovation on BYD’s financial performance was revealed; Finally, based on the analysis results, relevant suggestions are proposed to provide reference for the sustainable development of enterprises in the context of “dual carbon.”

Li T, 2023, Research on Performance Evaluation of Green Technology Innovation in New Energy Vehicle Enterprises, thesis, Sichuan Normal University.

Gao X, 2023, Research on the Efficiency of Technological Innovation in New Energy Vehicle Enterprises under the Background of Green Economy. Management and Administration, 1–13. https://doi.org/10.16517/j.cnki.cn12-1034/f.20230712.008

Yan Z, 2023, Research on the Impact of Environmental Regulations on Innovation Performance of New Energy Vehicle Enterprises, thesis, Jiangxi Normal University.

Zhang L, Ren X, Liang B, 2023, Building an Innovation Ecosystem Empowered by Green Innovation Policies: A Case Study Based on BYD Auto. Science and Technology Management, 44(11): 111–128.

Yao L, Xu A, Kou J, 2024, Research on the Impact of ESG Ratings on Corporate Green Technology Innovation under the Dual Carbon Target. National Circulation Economy, 2024(4): 69–72.

Feng Q, 2024, Research on the Impact of SF Holding’s Green Innovation on Corporate Financial Performance under the Background of “Dual Carbon”. Modern Marketing (Next Issue), 2024 (3): 127–129.

Li Y, 2024, Research on the Green Supply Chain Performance of BYD Enterprises. China Storage and Transportation, 2024(6): 126.

Huang Z, 2023, The Disclosure Rate of ESG Related Reports in the A-Share Automotive Manufacturing Industry is 28%. The Industry Focuses on Climate Change and Green Innovation. Economic Daily News, 2023-08-14(005).

Xie D, 2023, Research on the External Financing Effect of BYD under the Background of Green Technology Innovation, thesis, Heilongjiang University.

BYD Official Website, viewed January 10, 2024, https://www.bydglobal.com/cn/index.html

Li J, Sun H, 2023, Optimizing ESG Performance and Expanding Green Financing Channels. Enterprise Management, 2023(11): 116–119.

Li J, 2023, Research on the Impact of BYD’s ESG Practice on Its Corporate Performance, thesis, Nanjing University of Posts and Telecommunications.

Zhang X, 2023, Research on the Quality Evaluation of ESG Information Disclosure of Listed Companies in China’s Automotive Manufacturing Industry, thesis, Northeastern University of Finance and Economics.

Zhang Y, 2023, Research on Performance Evaluation of New Energy Vehicles under ESG Background, thesis, Southwest University of Finance and Economics.

Hu N, 2023, Research on the Content Characteristics and Market Reaction of BYD’s ESG Information Disclosure, thesis, Shandong University of Finance and Economics.