Study On The Carbon Information Disclosure In China’s Listed Companies—Based On The Perspective Of Corporate Governance Structure

Recent years, the problem of climate change which caused by excessive greenhouse gas emissions is increasingly serious, the pace of energy saving and emission reduction is urgently needed. As a branch of environmental accounting, carbon accounting also gradually developed, carbon accounting and disclosure of accounting information attract more and more attention.Carbon as the main form of carbon accounting, accounting information disclosure can provide utilization of carbon dioxide resources and implementation of fiduciary duty to carbon accounting information demanders, In addition, Carbon accounting information disclosure has great significance to controll greenhouse gas emissions, and promote healthy development of the enterprise, what is more, it is also important for promoting economic structural adjustment and sustainable development. As a result, more and more enterprises begin to attach importance to carbon accounting information disclosure. But now the enterprise’s overall carbon accounting information disclosure level is low, meanwhile,it does not have a unified form of disclosure. Carbon accounting information scattered distribution in the annual report, the social responsibility report, the company announcement and the prospectus, In order to improve the quality of carbon accounting information disclosure, it is necessary to study on carbon accounting information disclosure. and there are lots of influence factors which can impact the carbon accounting information disclosure, in this factors, corporate governance structure is a factor can not be neglected. The problem of heavy pollution industry’s carbon accounting information disclosure seems more representative. Therefore, the paper launches a empirical research after the theoretical analysis, based on the perspective of corporate governance structure, which focus on the listed companies of high carbon industry in our country.This paper selects the companies of high carbon industry which listed in Shanghai a-share market as research samples. Six explanatory variables are put forward from ownership structure, board characteristics and the characteristics of the board of supervisors, the controlling shareholder stake, nature of controlling shareholders, the board size, the proportion of independent directors, the chairman and general manager of part-time and size of the board of supervisors are included. In addition,there are also there Control variables, the company size, financial leverage, and profitability. We can find that, the controlling shareholder shareholding, proportion of independent directors and board of supervisors can improve the Carbon disclosure level, but the nature of controlling shareholders, board size and chairman and general manager of situation have no impact on the Carbon disclosure level.According to the results of empirical research, This paper puts forward two suggestions to improve the level of carbon accounting information disclosure,one is regulating the carbon accounting information disclosure system and the other is perfecting the corporate governance structure. In this way, stakeholders can learn carbon accounting information in time and make the right decisions, and it also can help the enterprises establish a good image and achieve sustainable development.