Study On The Impact Of Corporate Carbon Accounting Information Disclosure On Corporate Value

Recently,the situation on the global climate has been getting worse,and countries have begun to attach importance to controlling their own carbon dioxide emissions.In this context,with the gradual rise of a low-carbon economy,the market and investors are paying more and more attention to corporate carbon accounting information.The carbon accounting information disclosed by companies can significantly affect investors’ investment decisions and thus change their trading behaviors.Ultimately affect the value of the enterprise.At the request of investors and the government’s call,enterprises are making more contributions to revealing their own carbon accounting information,and the content of the carbon accounting information is constantly expanding.From sustainable development reports to social responsibility reports to environmental,social and corporate governance reports,enterprises’ own disclosure level of carbon accounting information has continuously improved,which greatly promotes the development of carbon accounting theory in China.The power industry is a key source of carbon dioxide emissions in our country.Therefore,this paper selects Huaneng Power International,INC,a leading enterprise in the thermal power industry,to conduct a case study on its carbon accounting information disclosure to understand the inherent relationship between the level of corporate carbon accounting information disclosure and corporate value.Research shows that companies can significantly improve corporate value by disclosing their own carbon accounting information,and the more detailed the disclosure,the more obvious the improvement effect.From the perspective of the effect of information disclosure,let enterprises pay attention to their own carbon accounting information disclosure.In addition,by analyzing the current status and deficiencies of Huaneng Power International,INC’s carbon accounting information disclosure,and after understanding the factors that restrict enterprises to further improve the level of carbon accounting information disclosure,this paper proposes to improve the level of carbon accounting information disclosure from two aspects: government supervision and enterprises themselves.The government should issue more detailed guidance documents on carbon accounting information disclosure to strengthen supervision;the enterprise level should pay more attention to carbon accounting information disclosure,increase the proportion of quantitative disclosure,and fully disclose its own carbon accounting information.The government and enterprises work together to promote the development of carbon accounting in our country and help our country achieve the "dual carbon" goal as soon as possible.