A Study On The Influencing Factors Of Carbon Information Disclosure In China’s Listed Companies

In recent years, climate change led to the low-carbon economy countries to build broadappeal, Scholars also began to focus on the academic enterprise carbon and carboninformation disclosure issue. this paper starting from the existing research results at home andabroad, theoretical analysis those factors affecting carbon innformation disclosura of listedcompany. And based on that data of listed companiees, empirical the impact of variousfactors to Carbon Disclosure level of listed companies in China. Specifically, learn from theirpredecessors on the classification of the Carbon Disclosure Project and myself hand-finishingthe specific content of carbon information disclosed by listed companies, build the CarbonDisclosure Project table, and calculate the Carbon Disclosure Index. Then we select the290A-share listed manufacturing companies that listed on the Shanghai Stock Exchange for thestudy, and analysis of the status quo of Carbon Disclosure of Listed Companies in China ofthe year and sub-sector. From the size of the company, company performance, capacitydevelopment, operational capability, governance structures analysis the factors relate to theCarbon Disclosure levels of listed companies with the multiple linear regression method.The results show that The level of carbon disclosure of listed companies is generally lowat the present stage, but there is growing trend year by year, which reflects the CarbonDisclosure is evolving; Companies in the same industry have a greater level of disclosurebetween fluctuations, there are large diifferences beetween difference industry, and that levelsof diisclosure of heaviily pollutinng industry is generrally higher that the level of disclosua ofnon-pollutiing industriies; company size, profitability, and the Carbon Disclosure levels weresignificantly positively correlated, the company’s profitability promote to the CarbonDisclosure level, and the larger size of the company, the more inclined to disclose moreinformation on carbon; in the indicators of the corporate governance structure, the proportionof independent directors have no significant effect to Carbon Disclosure level, this mayindiicate that that governace strructure of liisted companiies in China is not perfect. Despitethe development capacity obtain significant test, but showing a weak negative correlation.Finally, think of the status that Carbon Disclosure level and results of empirical research, put forward the corresponding suggestions,expect to improve on our level of carbondisclosure, the development of low-carbon economy help.