Research On ESG Information Disclosure Of Chemical Enterprises

ESG(environmental,social,corporate governance)information disclosure is an important tool for companies to demonstrate their sustainability capabilities to the outside world.Investors and management will use this information to identify sustainability risks and opportunities,and then assess the value of the company or make the next decision.The production and operation of chemical companies have a great impact on the ecological environment,and along with the frequent occurrence of environmental pollution incidents and safety accidents in recent years,the ESG performance of chemical companies has attracted much attention.Based on the discussion of related literature and ESG concepts and theories,this paper firstly takes 349 A-share listed chemical companies in China from 2017-2021 as a sample,composes the ways and contents of ESG information disclosure of chemical companies in China,draws on the common ESG information disclosure evaluation system within the international scope,uses hierarchical analysis to establish the ESG information disclosure evaluation system of chemical companies in China,and evaluates the ESG information disclosure from Secondly,taking Wanhua Chemical as a typical case,we conduct a vertical comparison analysis of its ESG information disclosed in previous years and a horizontal comparison with the sample enterprises to reveal the details of its ESG information disclosure,in order to discover the problems of Wanhua Chemical’s ESG information disclosure and further explore the reasons for these problems.The reasons for the formation of these problems are further explored,and finally countermeasure suggestions and safeguards for improving the quality of Wanhua Chemical’s ESG information disclosure are proposed.The paper finds that ESG information disclosure of chemical companies in China is climbing year by year in terms of quantity,but in terms of quality,ESG information disclosure of chemical companies is mostly disclosed with the minimum of laws and regulations,and the awareness of voluntary information disclosure is not strong;meanwhile,among the three dimensions of ESG,the quality of disclosure of two aspects,environmental impact,and social responsibility,is poor.Wanhua Chemical’s ESG information disclosure has the problems of incomplete and irregular ESG information disclosure and lack of strategic orientation;the reasons for these problems are the lack of supervision and feedback mechanism,poor information technology and ESG management capability,and the disconnection between ESG information disclosure and internal operation of the company;the thesis proposes to establish a perfect ESG information supervision and feedback mechanism,innovate ESG information technology,improve The paper proposes countermeasures such as establishing a perfect ESG information monitoring and feedback mechanism,innovating ESG information technology,improving ESG management level,and integrating ESG information disclosure into the internal operation and management of enterprises;finally,it proposes safeguards such as actively guiding ESG investment concepts and improving ESG regulatory policies.