Research On The Impact Of Corporate Carbon Performance On Carbon Information Disclosure

Global warming poses a great threat to the living environment of human beings.Countries and regions hope to reduce global carbon emissions through cooperation such as climate agreements.The government,investors and consumers pay more attention to energy conservation and emissions reduction.Enterprises have been disclosing their own carbon information by means of corporate reports,which show their attitude for carbon emissions and mitigation efforts,in order to shape the image of sustainable development and to meet the needs of stakeholders on carbon information.And pressure to reduce emissions of carbon intensive industries is larger.At present,except for energy-intensive enteprises,China does not require enterprises in other industries to make mandatory carbon information disclosure,which plays a limited role in regulating carbon information disclosure.Only a few companies have disclosed carbon information through media such as corporate reports.Carbon information disclosure level reflects the degree of detail and credibility of carbon information disclosed by enterprises.Now,the carbon information disclosure level of Chinese enterprises is still low.This study took the corporate reports issued by Chinese a-share listed companies from 2009 to 2017 as samples,and explored the influence of factors such as enterprise carbon performance and industry carbon intensity on carbon information disclosure from the perspectives of twp types of carbon performance and different carbon-intensive industries.Firstly,through the analysis of relevant theories and literatures on carbon information disclosure,the research hypothesis is put forward.Secondly,a set of enterprise carbon information disclosure items for evaluating the carbon information disclosure level are identified and the carbon information disclosure level of sample enterprises is evaluated based on this.Finally,a dynamic panel data model is established for empirical analysis to verify the research hypothesis.The results show that carbon performance has a negative impact on carbon information disclosure,and this effect is more significant in high carbon intensive industries.Further,carbon emission performance and carbon emission reduction performance have different impacts on carbon information disclosure,and carbon emission performance has a greater impact.In particular,the greater the carbon emission in previous years,the more carbon information disclosure in the current period.However,the greater the carbon emission reduction performance in previous years(the year before last),the less carbon information disclosure in the current period.In addition,the research results show that the higher the carbon performance of enterprises in high-car-bon intensive industries,the less carbon information disclosure,while there is no significant relationship between the carbon performance of enterprises in low-carbon intensive industries and carbon information disclosure.This shows that the carbon information disclosure behavior of enterprises is more affected by the carbon emission performance than the carbon emission reduction performance,and enterprises in high-carbon intensive industries are more sensitive to carbon information disclosure.