On The Improvement Of The Environmental Information Disclosure System Of Listed Companies

In recent years,with the continuous development of the market economy,the production and management relations of various countries have become increasingly close.The trend of economic globalization has become irreversible in the development of the international community.The advantage of economic globalization is that it can promote the close integration of economies among countries and improve the standard of living of people.If we blindly develop the economy without regard to the environment’s bearing capacity,we will continue to increase the burden of the environment and thus cause more environmental problems.People’s living environment will also deteriorate as a result.Therefore,How to enlarge the benefit of the global economy and reduce the disadvantages brought by it is a problem of legal governance from the point of view of law.As an important part of market activity,the listed company has a large scale.Because of its wide scope of operation and great social impact,it plays an important role in the process of our country’s economic development.Therefore,the main object of environmental control and control in China is listed companies.The establishment of environmental information disclosure system of listed companies.Is to regulate the environmental behavior of listed companies,because once environmental problems occur in listed companies,not only will they cause significant damage to the environment,It will also have a serious impact on investors and ordinary citizens,thus restricting the smooth development of the securities market.Therefore,in order to adapt to the development of the economy,our country,on the basis of referring to the institutional experience of foreign countries,According to our national conditions,we have also established the environmental information disclosure system of listed companies in our country,but the listed companies still frequently break the rules of disclosure.It can be seen that the environmental information disclosure system of listed companies in China has yet to be further improved.Therefore,the author intends to proceed with the case("8 ·12 Tianjin Coastal explosion")and combine the relevant theories of the system to make a more profound analysis of the case.This paper puts forward some suggestions on the possible problems of our country’s system,and expects to be beneficial to the development of our country’s system.In particular,The author writes this article from five parts:The first part,starting with the "8 ·12 Tianjin Binhai New area explosion accident",takes the case as the entry point of the article and summarizes the two main problems embodied in this case: first,as a listed company,Whether it should be obliged to disclose environmental information that may have a significant impact on the production and operation of the company within the scope of production and operation of the company.And second,who should be the first one to publish the information in the event of a major environmental problem? In the second part,the concept of environmental information is defined from international treaties,academic theories and domestic legislation.Secondly,it introduces the basic theories of environmental information,which are information asymmetry theory,right of knowing environmental information theory and corporate social responsibility theory.In the third part,the author introduces the international experience of the environmental information disclosure system of listed companies,which enumerates some achievements made by the United States,Japan and the European Union.The United States has stipulated more mandatory environmental information disclosure systems for listed companies,and the corresponding liability consequences are relatively strict.Japan,on the other hand,is mainly voluntary disclosure.At the same time,with a large number of incentives and the education of citizens to popularize the relevant knowledge measures,the European Union is based on mandatory disclosure,voluntary disclosure as a supplement,the combination of the two models,in the form of compulsory disclosure of environmental information in enterprises,A large number of relatively humanized systems have also been formulated to help people understand this system.At the same time,combined with cases,this paper discusses the inspiration of the environmental information disclosure system of foreign listed companies to this case.In 4th part,the author describes the development of this system in China.According to the development of the system at home and abroad,this paper summarizes the deficiencies of the environmental information disclosure system of listed companies in China,in the system,which are lower legislative levels and the systems disperse and the scope of obligors of information disclosure is relatively narrow.Disunity in the form of disclosure,unsound internal governance mechanism of listed companies,accountability system,regulatory mechanism and lack of awareness.Part 5th,Concerning the deficiencies of the environmental information disclosure system of listed companies in China,the author puts forward some countermeasures one by one,raises the legislative level in legislation,formulates a systematic environmental information disclosure system of listed companies,and determines the specific forms of disclosure,disclose the scope and time,perfect internal governance structure,perfect accountability system,perfect supervision mechanism and enhance citizens’ awareness of environmental protection.