“绿色”赋能增长：宁德时代ESG实践的公司绩效影响案例研究

“Green” Powering Growth: A Case Study on the Corporate Performance Impact of CATL’s ESG Practices

摘要: 在全球“碳中和”目标与新能源产业崛起的背景下，ESG (环境、社会、治理)实践已成为企业提升公司绩效、构建核心竞争力的关键路径。本研究采用案例研究法，以全球动力电池行业领军企业宁德时代为对象，深入探究其ESG实践对公司绩效的影响机制。论文系统梳理了宁德时代将ESG理念全面融入战略、治理及运营的实践，并重点剖析了ESG赋能企业增长的三条关键路径：在市场与品牌层面，卓越的ESG表现帮助其突破国际绿色壁垒、深度绑定优质客户，巩固全球市场领导地位；在融资与成本层面，高ESG评级使其获得多元化低成本资金，显著优化资本结构，增强财务韧性；在创新与效率层面，ESG目标倒逼技术革新与流程优化，构筑了长期技术壁垒并开辟新增长曲线。研究结论表明，ESG并非成本负担，而是驱动企业实现商业价值与社会价值统一的战略性资产，为同业及其他企业践行可持续发展提供了重要启示。

Abstract: Against the backdrop of the global “carbon neutrality” goal and the rise of the new energy industry, ESG (Environmental, Social, and Governance) practices have become a key path for enterprises to enhance corporate performance and build core competitiveness. This study adopts a case study method, taking Contemporary Amperex Technology Co., Limited (CATL), a leading enterprise in the global power battery industry, as the research object, to deeply explore the mechanism by which its ESG practices influence corporate performance. The paper systematically sorts out CATL’s practices of fully integrating ESG concepts into its strategy, governance, and operations, and focuses on analyzing three key paths through which ESG empowers corporate growth: at the market and brand level, outstanding ESG performance helps it break through international green barriers, deeply bind high-quality customers, and consolidate its global market leadership; at the financing and cost level, high ESG ratings enable it to obtain diversified low-cost funds, significantly optimize its capital structure, and enhance financial resilience; at the innovation and efficiency level, ESG goals drive technological innovation and process optimization, building long-term technological barriers and opening up new growth curves. The research conclusions show that ESG is not a cost burden but a strategic asset that drives enterprises to unify commercial value and social value, providing important insights for peers and other enterprises to practice sustainable development.