Research On The Quality And Economic Consequences Of ESG Information Disclosure In The Non-ferrous Metals Industr

In recent years,with the increasing global environmental problems,the international community has paid more and more attention to the sustainability of the capital market,which has also promoted the development of ESG in China.The disclosure of ESG information has also been paid more and more attention by China’s regulators.Due to the late start of ESG development in China,the quality of ESG information disclosure of different enterprises is still quite different.The main reason is that China’s ESG system has not yet formed a perfect evaluation standard for the quality of ESG information disclosure,which is not conducive to objectively and truly reflecting the quality of ESG information disclosure of enterprises,nor is it conducive for stakeholders to compare the quality of ESG information disclosure of different enterprises.In addition,many enterprises still focus on maximizing short-term economic benefits,regard ESG information disclosure as an act of increasing costs and reducing benefits,and ignore the possible positive impact of high-quality ESG information disclosure on enterprises.Then,what kind of economic consequences will be brought to enterprises by improving the quality of ESG information disclosure,and what specific indicators will be affected,which are also the problems studied in this paper.As a non-financial evaluation system focusing on corporate environment,social responsibility and corporate governance,the application of ESG in the industrial industry has attracted more attention.As a traditional resource mining industry,the impact of non-ferrous metal industry on the environment and ecology can not be ignored.Especially in the current "dual carbon" background,the ESG information disclosure of non-ferrous metal industry attracts more attention.Zijin Mining,as a leading enterprise in the domestic nonferrous metal industry,has also been concerned about its performance in ESG.Taking Zijin Mining as an example,based on the existing research,information asymmetry theory,signal transmission theory and stakeholder theory,referring to the ESG disclosure standards and relevant systems at home and abroad,combined with the industry characteristics of China’s nonferrous metal enterprises,this paper constructs an evaluation framework suitable for evaluating the ESG information disclosure quality of China’s nonferrous metal industry,and uses it to evaluate the ESG information disclosure quality of Zijin Mining,On this basis,it analyzes the economic consequences of Zijin Mining ESG information disclosure quality on the enterprise.By analyzing the ESG information disclosure quality of Zijin Mining,the existing problems in its ESG informationdisclosure are discovered,so as to provide suggestions for nonferrous metal industry to improve the ESG information disclosure quality;By studying the economic consequences of ESG information disclosure quality,enterprises can also better understand the positive consequences of ESG information disclosure for enterprises,so as to encourage enterprises to actively conduct ESG information disclosure and promote the sustainable development of China’s capital market.