Legal Research On The Environmental Company Information Disclosure Of Chinese Listed Company

Along with the development of society, the harmonious development of environment and economy also began to become the topic that we pay close attention to day by day; the stock market is also in exploring the process of "green". Listed companies’ environmental information disclosure system is China’s securities market for "green" to explore the important system.Our country from 2001 began in the relevant provisions on the content of the disclosure system of environmental information of listed companies has been involved, through administrative regulations issued by the CSRC and the Ministry of environmental protection, the rules and regulations and documents, the environmental information disclosure of listed companies of the system requirements of continuous concrete. Today, China’s laws and regulations on 16 categories of heavily polluting enterprises environmental information of the implementation of mandatory disclosure, of environmental information of Listed Companies in other industries to encourage disclosure. On the environmental information disclosure of listed companies mainly reflected in periodic reports of listed companies, interim reports of listed companies as well as foreign social responsibility report. Although the enterprise undertakes the social responsibility of environmental protection consciousness is becoming stronger and stronger. But the probability of China’s listing Corporation to disclose environmental information is still less than three.Current listed companies’ environmental information disclosure defects are mainly embodied in three aspects:firstly according to the standard defects, secondly on the content of the system deficiencies, the supervision mechanism is not perfect. According to the specification mainly reflected two dispersion in the low level of legislation and the provisions of the content. In the content of the system, the listed company information disclosure system, there are many problems, such as disclosing standard is too simple, disclosure is limited in scope, mode of disclosure is lack of normative, disclosure of information lacks practicality, responsibility system is not perfect. And the Commission, the third party intermediary institutions and social supervision is the lack of environmental information disclosure system development of important Problem.In order to improve the listed companies’ environmental information disclosure system, in the construction according to the specification, in the long run, of course, is in law of listed companies’ environmental information disclosure system to make the healthy development of the provision is more conducive to the listed companies, but from the point of view of the current situation, the establishment of multi-level system of regulations is currently listed companies’ environmental information disclosure system to improve the key. To compensate for the lack of the content of the system, it is recommended to disclosure standard refinement, will be disclosed to expand the scope of the listed companies of all industries, to establish a unified environmental information disclosure. In addition, in order to increase the disclosure of the usefulness of the information, the introduction of environmental information evaluation system. At the same time, in the building the whole responsibility system at the same time, can also be the reward system to encourage the listed companies to disclose environmental information. Finally, in order to build a sound regulatory system, stock exchanges, intermediaries and social public opinion to play to their function of supervision, guide the listed companies’ environmental information disclosure system and healthy development.2016 securities law is about to enter a critical year, the listing Corporation’s environmental information disclosure system, if it can be successfully modified into the new securities law, the development of the system will have a vital role.