Pathways and Reflections on ESG and Carbon Neutral Realization

Abstract

With the acceleration of industrialization, the massive use of fossil fuels has led to a sharp increase in the emission of greenhouse gases (GHGs) such as carbon dioxide, triggering a series of environmental problems such as rising global temperatures, the frequency of extreme weather events and the degradation of ecosystems, which have had far-reaching impacts on the health of human societies, economic development, and natural ecosystems. To cope with this global problem, the international community has been actively seeking solutions. The 1997 Kyoto Protocol and the 2015 Paris Agreement have made clear the international commitment to reduce greenhouse gas emissions and emphasized the importance of controlling the rise in global average temperature. Carbon neutrality has become one of the key strategies to achieve the goals of these agreements, meaning reaching a net-zero goal for carbon emissions through emissions reduction and carbon offset activities. ESG (Environmental, Social, and Governance) practices reflect the social responsibility of corporations and governments, and by integrating ESG principles, all parties can reduce their carbon footprints more efficiently, improve resource efficiency, and achieve sustainable development. This paper will explore the intersection of ESG and carbon-neutral strategies, analyze the effectiveness of their implementation in different subjects, and put forward specific recommendations for achieving the global carbon-neutral goal.