Research On The Correlation Between Carbon Disclosure Quality And Internal Control Level

Global climate change issues become very important in recent years.Because of the global warming caused by the greenhouse gas effect,governments and enterprises gradually realize the importance of carbon emission reduction.In the era of developing low-carbon economy,enterprises as the main body of carbon emission reduction,carbon emissions information is an important part of corporate environmental information disclosure.However,C hina’s carbon information disclosure is still in its infancy,does not develop a sound carbon information disclosure mechanism,also does not require enterprises to individually account for and disclose relevant carbon emissions information.At present,the disclosure of carbon emissions related information is mainly through the issuance of social responsibility report,sustainable development report,environmental report and annual report,and the construction of internal control will have an important impact on information disclosure.Therefore,based on the C DP C hina project,this paper analyzes the status of carbon information disclosure of listed companies in C hina,and makes an empirical study on the relationship between the quality of carbon information disclosure and the level of internal control in the background of global low carbon emission reduction.Put forward the corresponding countermeasures and suggestions.We choose 2008-2004 CDP China listed companies as research samples,excluding the listed companies which the data is incomplete and the listing location is not Shanghai or Shenzhen,and ultimately get effective samples of 359,of which there are 106 responding to the questionnaire.This paper firstly constructs the carbon quality index system of carbon information disclosure,collects and collates the data of carbon emission information related to the sample enterprises,evaluates the carbon information disclosure quality of the sample enterprises by using the established index evaluation system,and analyzes the listed company’s carbon information disclosure status of C DP C hina Report;Secondly,this article uses the Dibo index as a measure of the level of internal control.On the basis of descriptive statistical analysis and correlation test,this paper analysis the relationship between the quality of carbon information disclosure and the internal control level of the enterprise through multiple regression models.The results show that:(1)Although the number of CDP respondents in C hina is increasing year by year,the level of carbon information disclosure and the qualit y of carbon information disclosure are not so good,and the disclosure consciousness needs to be further strengthened and can make great progress in the future.(2)The results of two Logistic regression analysis showed that the enterprise internal contro l level is one of the factors that influence the CDP questionnaire which response or not.(3)The results of correlation analysis between variables showed that :in the companies which response to the questionnaire,the quality of carbon information disclosure is positively related to the internal control level of the enterprise.(4)The empirical results show that the internal control level of different industries has different effects on the quality of carbon information disclosure and the internal control le vel of emission categories in different industries has different impacts on the quality of carbon information disclosure.Carbon information plays an important role of enterprise environmental information.The higher level of internal control of enterprises has improved the enthusiasm of external communication and disclosure of relevant information to a certain extent.Therefore,the internal control level is an important factor affecting the quality of carbon information disclosure.Based on the above conclusions,this paper argues that China should establish a standardized carbon information disclosure framework as soon as possible to improve the enthusiasm of enterprises carbon information’s disclosure,establish awareness of energy conservation and emission reduction,improve corporate governance institutions,standardize relevant laws and regulations,and constantly improve the internal control level to improve the quality of carbon information disclosure.