The Exploration On The Environmental Accounting Information Discourse Of Listed Energy Company In China

In recent years, environmental pollution incidents occur frequently. For example,Mexico oil spill and Zijin Mining pollution incidents. These pollution incidents hassounded a warning to the people, and people are realizing the importance ofenvironmental development. The21st century is a new century which advocates greensociety and circular economy. The goal of the enterprise is no longer maximize the pureprofit, but include the environmental protection and corporate social responsibility,ensure the ecological balance in the economic development at the same time, establish agood corporate image, and take the road of sustainable development to maximizeenterprise value. Based on the theory of sustainable development and the circulareconomy theory, environmental accounting as an emerging discipline is graduallyestablished. Environmental accounting is a diversified disciplines which has integratedaccounting, economics, environmental science and other disciplines. The disclosure ofenvironmental accounting information is an important part of environmental accounting.The disclosure of environmental accounting information can effectively promoteenterprises greater attention to environmental issues, thereby enabling enterprises toconsider environmental factors in the development plan，make the enterprise to pursuitthe economic benefits combined with environmental benefits. It can not only promotethe enterprises to take the road of sustainable development, but also can improve theeconomic mechanism and related accounting theory research. The energy industry is thebasic pillar industry of China，it will cause serious pollution problem in the productionand management of the process including oil, natural gas, coal, and other industries.Therefore, more and more stakeholders have invested a great deal of concerning toenvironmental issues in the energy industry. Based on the background, I decided toexplore environmental accounting information disclosure of listed companies in China’senergy sector, to promote the process of sustainable development of the energy industryand even the whole society.Firstly the paper describes the concepts and basic theory of the disclosure ofenvironmental accounting information in energy industry, I analysis the present situtionof environmental accounting information disclosure of76listed companies in energyindustry. By studying the company’s annual report and other relevant information,summed up the problem which exists in the disclosure of information and analysis ofthe causes of these problems. Then I describe the advantages of the United States, Japan, European countries in environmental accounting information disclosure. Combined withthe specific situation of China’s energy sector, and to learn from foreign experience inthe disclosure of environmental accounting, then I propose the optimization strategies.In research methods, First, we use the method of comparative analysis, through thecompare and analysis the data which come from the different years and sub-sectors ofenergy industry, then we can see the trend of environmental accounting informationdisclosure of energy industry. Secondly, I used the literature analysis method, learn andaccumulate a lot of literature and the results of previous studies. Third, I used empiricaldata analysis methods, in the process of writing, I collected environmental accountingdata of76energy industry listed companies of the annual report and other reports up to2011, then collate and analyze the data, and draw the existing problems of the energyindustry listed company in the environmental accounting information disclosure.This paper is divided into five chapters to explore the disclosure of environmentalaccounting information of listed companies of China’s energy sector. The first chapter isthe introduction, the introduction is mainly on the research background, literaturereview, research ideas and methods. The second chapter introduces the concepts andtheories of environmental accounting information disclosure in energy industry. Thischapter explains the concept of environmental accounting and environmentalaccounting information disclosure in energy industry, and the five theoretical basis: thetheory of fiduciary responsibility, sustainable development theory, stakeholder theory,decision useful theory and corporate social responsibility theory. It also explains goals,principles, content and form of environmental accounting information disclosure inenergy industry. In the third chapter, by studying the annual report, the prospectus,website and related data of the76listed companies in the energy industry, and analysisat this stage for the problems and causes of environmental accounting informationdisclosure, and analysis the problems and their causes of environmental accountinginformation disclosure. Summarize the issues, including a lower proportion independentreport, disclosure is not comprehensive and lack of reliability and comparability, theform is not-standard, in response to these issues, summarize to draw related reasons,including lack of perfect laws and regulations on environmental accounting guidelines,government and other external regulatory system is imperfect, the listed companies islack of awareness of voluntary disclosure, the theoretical research is not deep and thetheory is lack of practice’s guidance. The fourth chapter describes the experience offoreign environmental accounting information disclosure, this chapter describes the relevant experience is mainly from the laws, guidance documents, the contents and formof environmental accounting information disclosure. And draw some inspiration toguide the environmental information disclosure in China, including the laws, andgovernment regulation, third-party audit. The fifth chapter proposed optimizationcountermeasures aimed at improving the environmental accounting informationdisclosure of China’s energy sector listed companies.