A Study On Improvement Of Legal System About Environmental Information Disclosure Of Listed Companies

Since the industrial revolution, with the great improvement of human's ability on conquering and using the nature, the social economics have made rapid progress. At the same time, because of human's unreasonable exploitation and using on the natural resource, as well as discretionary discharge of mass of untreated industrial pollution,our living environment has been facing severe threat. A series of great environmental disasters had made people awake from hugging themselves on the rapid economic development. Since 1970 s, the globe has been raising a tide of environmental protection. Corporate business activities are the leading reason to environmental pollution and natural scarcity, so the key to environmental improvement lies in corporate environmental management. Environmental disclosure is the essential tool to corporate environmental management for the interrelated regulation organizations and corporate internal managers. In addition, with the successive issue of large numbers of environmental laws, environmental problem has an increasing influence on corporate financial position and operating results. Environmental disclosure has become one of the important basis on which corporate stakeholders make with reasonable decision. As a result, improving the quantity and quality of corporate environmental disclosure is significant to environmental improvement and the realization of justice and efficiency in securities market. This dissertation firstly combined the severe environmental problem and the actuality of corporate environmental disclosure and environmental disclosure regulation in our country, and put forward the importance and urgency of research on China 's regulation system of listed companies environmental disclosure. Then after defining on environmental disclosure and environmental disclosure regulation, this dissertation provide theoretical basis to environmental disclosure regulation by the theory of sustainability,of environmental accountability, of corporate social accountability, of the value of environmental resource, of information asymmetry etc. After that, based on the analysis of the regulation system of listed companies' environmental disclosure in the US, the UK, Japan and Australia, this dissertation attempted to construct China's regulation system of listed companies' environmental disclosure, which is with the objective of the realization of social sustainability and justice and efficiency insecurities market, following the principles of openness, fairness and justice, of social sustainability, of costs and benefits, of consistency, conducted by government,composed of self-discipline organizations such as stock exchange, the institution of certified public accountant, accounting firms etc, and corporate internal organizations,participated by social public regulation gradually, making full use of the ways of laws,environmental disclosure standards, environmental auditing and environmental auditing standards, legal obligation, self-discipline regulation, environmental reporting awards, the public voice and market to form the comprehensive regulation on listed companies' environmental disclosure.The academic contributions of this dissertation lie in:first, Detailed the connotation of environmental information, listed companies' environmental disclosure regulation and the regulation system of environmental disclosure Respectively. second Based on the analysis of listed disclosure regulation system in the following four countries: the US, the UK, Japan and Australia, combined with the actuality in our country, this dissertation attempted to construct China's regulation system of listed companies' environmental disclosure.