Study On Esg Report Compilation And Disclosure Of Food Enterprises

In recent years,sustainable development has gradually aroused widespread concern from all walks of life.With the promotion of "five in one" and the change of China’s economic development stage,more and more enterprises pay attention to and study ESG related content.The comprehensive information including environment(E),society(S)and corporate governance(G)has become a new enterprise evaluation standard.The report only disclosing financial index information can not meet the needs of investors and other report users.The active disclosure of ESG information has become a new factor to improve the competitiveness of enterprises,Enterprises also begin to consider the environmental and social benefits in addition to economic benefits,actively assume the responsibility of environmental,social and corporate governance,and regularly disclose ESG information.At present,the development of ESG in China is still immature,the disclosure level of various industries is low,ESG reports lack unified and perfect disclosure standards,and there are still many problems in rating.As the food industry is a livelihood industry related to the vital needs of the people,food enterprises should shoulder the social responsibility of ensuring food safety in modern times,and perfecting the preparation and disclosure of ESG reports of food enterprises can play a good supervisory role in fulfilling their environmental and social responsibilities.Therefore,this paper starts with summarizing the relevant research literature on the disclosure content and disclosure function of ESG reports at home and abroad,introduces the index content involved in ESG rating system referenced in this paper,expounds the theoretical basis of compiling reports,combs the development status of ESG concepts in China,and discusses and compares the differences between the main topics of ESG at home and abroad.Secondly,by taking the ESG report released by SH Company in 2020 as an example,through case study,event study and normative analysis,and combining with the new version of ESG Guidelines of SEHK,this paper makes a vertical comparative analysis of the current situation of ESG report released by SH Company,and makes a horizontal comparative analysis of the ESG report released by 18 enterprises in the industry.It is found that there are some problems in the ESG report released by SH Company,such as insufficient balance,incomplete ESG information disclosure and data authenticity to be verified.Thirdly,this paper analyzes the motivation of publishing ESG report by SH Company,and examines the impact of publishing ESG report from both financial and non-financial benefits,and finds that it does bring positive promotion to stock price,borrowing capacity and environmental benefits,which further illustrates the importance of enterprises’ disclosure of ESG report.Finally,this paper combines the related theoretical research of ESG by scholars at home and abroad,and puts forward some suggestions to improve the deficiencies in the preparation and disclosure of ESG reports of SH Company,providing reference for other enterprises that have disclosed or have not disclosed ESG reports.