Differences Of Carbon Accounting Information Disclosure Between China And America Cross - Listed Companies And Its Enlightenment

As the economy develops further, stakeholders including shareholders, the public community, government and other parties are developing their requirements towards the information a corporate discloses. More and more proportion of general public are becoming concerned with environmental protection and Corporate Social Responsibility and consequently, they expect more disclosure from environmental accounting. Complete and detailed disclosure can reduce the chances of abuse of information asymmetry and other problems. A wide range of stakeholders are becoming more and more concerned about carbon accounting and are developing different requirements for carbon information disclosure which has put carbon accounting in the spotlight recently. In China, environmental accounting and carbon accounting are not as developed as those in countries such as the US or the UK.Therefore, it is truly necessary to learn from the experience of these countries if we are to better explore and develop them in China and to better facilitate stakeholder decision-making and to make carbon accounting information more helpful to information users.As the reform and opening policy goes deeper,a growing number of China brands are becoming listed companies in other jurisdictions,implying that they have to be subject to different listing rules and variable disclosing regulations. The cross-listed companies will disclose different things in different ways and will observe different compliance requirements. In this essay,the difference concerning carbon accounting disclose will be looked at.Through the analysis of the discloses, conclusions can be drawn concerning the development and building of information disclosure of carbon accounting. Analyzing the disclosure differences of the same company in different jurisdictions can highlight the insufficiency of the carbon information requirements in China. We will look at Aluminum Corporation of China Limited and identify and analyze its disclosure differences between China and the US to advise on how to improve the development of the disclosure of carbon accounting information.