双碳背景下，随着中国经济由高速发展向高质量发展转型，ESG 理念越发受到重视，并被  贯彻在企业管理中。为了研究ESG表现对企业财务绩效的影响，本文首先阐述ESG发展理念，并对我国白酒行业ESG发展现状进行分析。根据相关经济学理论提出假设1：企业ESG表现对企业财务绩效的提升具有正面效应；假设2：企业ESG表现对企业财务绩效的提升具有负面效应。实证部分以EPS作为企业财务绩效的衡量指标，以华证ESG评级结果作为解释变量，并选取一系列控制变量通过固定效应模型进行基准回归分析，在稳健性检验中进行滞后项检验，对ESG表现对企业财务绩效的影响进行研究，最终得到结论：企业ESG表现对企业财务绩效的提升具有促进作用，就此提出政策建议。

In the context of dual-carbon, with the transformation of China's economy from high-speed development to high-quality development, ESG (Environmental, Social, and Governance) principles are gaining increasing importance and are being integrated into corporate management. To investigate the impact of ESG on corporate financial performance, this paper first elucidates the developmental philosophy of ESG and scrutinizes the current state of ESG development in China's liquor industry. Drawing on pertinent economic theories, Hypothesis 1 posits that enterprise ESG performance has a positive effect on enhancing corporate financial performance; while Hypothesis 2 suggests that enterprise ESG performance has a negative effect on improving corporate financial performance. The empirical section employs EPS (earnings per share) as a metric for corporate financial performance, utilizes Huaxian's ESG rating results as an explanatory variable, and selects a range of control variables to conduct fixed-effect model regression analysis. In conducting robustness testing, lagged item tests are performed to examine the impact of ESG performance on corporate financial performance. The findings indicate that enterprise ESG performance positively influences improvements in corporate financial performance, leading to corresponding policy recommendations.

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