The comprehensive evaluation of environmental financial performance has always been an important issue in theory and practice. This paper firstly puts forward a theoretical framework for the evaluation system of industrial environmental financial performance in China and then evaluates the industrial environmental financial performance of each provinces from 2011 to 2014 by employing the principal component analysis along with factor method of analysis, based on which industrial environmental financial performance index is constructed. The result shows that the environmental financial performance of industry in China has a regional feature. Furthermore, industrial sectors have achieved success in pollution control as well as environmental governance cost control, but waste recycling and investment in environmental governance lacks effectiveness. In addition, Chinese industrial economic development model is still in the “ weak sustainable development stage”rather than “ strong sustainable development stage”which is the global request of new green economic concept. Finally, referring to the result of evaluation, a few relevant policy recommendations,such as establishing regional financial performance evaluation mechanism, improving environmental governance investment performance, strengthening recycling efficiency along with stopping brown economic development model, are proposed to help some areas with their green sustainable development.The above conclusions may provide the theoretical basis and empirical support for the construction of ecological economy in China during the period of the “Thirteenth Five-Year”Plan.