Research On The Environment Accounting Information Disclosure Quality Of BYD Company

With the continuous intensification of global warming,the earth’s environment is becoming more and more severe.The continuous high temperature in summer,the two-level melting of glaciers,and the frequent occurrence of extreme weather in winter are all natural warnings to human beings to protect the environment.Environmental protection has become a hot topic at the moment.China has put forward the goal of "carbon neutrality and carbon peak".This urges enterprises to take their social obligations and promote the development of clean energy.The automobile industry has brought convenience to the people.However,the emission of automobile exhaust has become one of the important pollution sources,which causes the increasingly severe energy crisis.The new energy automobile industry emerged at the historic moment and was listed as one of the seven strategic industries in China.China has a late start in environmental accounting research and has not formed systematic rules and regulations for the disclosure of enterprise environmental accounting information.The new energy vehicle industry has relatively loose requirements and standards for the form and content of environmental accounting of production enterprises,leading to different disclosure methods of each company,and avoiding major issues in terms of content.Many companies selectively disclose information.This may mislead stakeholders.This will make difficulties to departments’ supervision,nor is it conducive to the vertical comparison between companies.And this will also convey misleading information to the public.To improve this situation,how to standardize enterprise environmental accounting information disclosure through policies is necessary and significant.After sorting out and summarizing the previous research results of scholars,this paper selected BYD Company Limited,a leading enterprise in the new energy vehicle industry,for research.First of all,this paper uses index method to analyze the current situation of environmental accounting information disclosure in BYD’s new energy vehicle industry in the past three years,and then uses factor analysis method to verify whether the selected factors have an impact on the quality of information disclosure in the new energy vehicle industry.Secondly,by collecting data and materials related to BYD’s environmental accounting information disclosure in the last eight years,the form and content of disclosure are analyzed in detail to grasp the status quo of BYD’s environmental accounting information disclosure.Then,this paper further uses analytic hierarchy process to evaluate the quality of BYD company’s environmental accounting information disclosure,and makes a comprehensive evaluation of BYD company’s environmental information disclosure quality more objectively.Finally,the paper analyzes the problems existing in BYD and put forward suggestions.This paper draws the conclusions through research: through content analysis,it is found that the quality of most enterprises in the new energy vehicle industry is at a medium level.Total assets,earnings per share,listing location,holding type and other factors are significantly related to the quality of environmental accounting information disclosure.BYD company’s environmental accounting information quality is in the "good" grade,there are still the following three problems: scattered disclosure mode,lack of unified standard mode,disclosure of information is selective,disclosure reliability is not strong.In this regard,this paper puts forward the following suggestions: enterprises should improve the awareness of active disclosure,establish environmental disclosure system,and train enterprise environmental accounting talents.The government should improve relevant laws and regulations,improve the accountability mechanism,and unify the mode of environmental disclosure,strengthen public attention on environment and promote third-party auditing,so as to improve the quality of corporate environmental information disclosure.