Research On Environmental Accounting Information Disclosure Of Listed Companies In Chemical Industry In China

On January 1,2018,the “Environmental Protection Law of the People's Republic of China” was formally implemented.This is China's first single line tax law that specifically embodies the “green tax system” and also an important milestone in the greening process of China's tax system.With the rapid development of society and economy,in fact,environmental protection has poured into the public view from all angles not just the tax law and has become a hot topic.As the main body of socio-economic activities,enterprises naturally also have an inescapable responsibility for environmental protection,especially for the chemical industry discussed in this thesis.On the one hand,the chemical industry is a pillar industry in China,and it has always played a pivotal role in economic development.On the other hand,the purification and combination characteristics of chemical industry make it easier to produce a variety of strong corrosive and toxic pollutants in production,processing,transportation and storage.Thus,chemical industries are defined as heavy pollution and high emission industries in the world.In consideration of protecting future economic interests and avoiding environmental risks,chemical industry enterprises may be more prone to environmental accounting information disclosure than companies in other industries.They always simplify protection issues and have poor professional norms forced by regulations and regulatory pressures.Therefore,with the improvement of national environmental standards and stricter environmental protection policies,some listed companies in the chemical industry have been classified as national key monitoring companies,and the level of environmental accounting information disclosure has attracted much attention.Taking the chemical industry's environmental accounting information disclosure as the research theme,and applying the theory of sustainable development,social responsibility theory and stakeholder theory,this thesis sorts out the theoretical results of environmental accounting information disclosure firstly.Then,it combines the characteristics of chemical industry and explains the overall situation,laws and regulations and disclosure status as a whole;Finally it takes Huifeng stock as the specific case study object,uses its environmental information report issued in2014-2018 to analyze the environmental accounting information disclosure status of thecompany in detail,points out its problems and causes in environmental accounting information disclosure,and puts forward corresponding suggestions for improvement.The research found that the listed companies in China's chemical industry have not yet formed a clear understanding of the conditions for selecting disclosure methods.Different types of companies will freely match the disclosure methods according to their own conditions.The lack of a unified and standardized environmental accounting information disclosure system has made the current forms of disclosure chaotic and the quality of disclosure uneven.At the same time,the disclosure content of environmental accounting information is mainly descriptive non-monetary information,and lacks monetary information,which makes it difficult to fully and appropriately reflect the economic substance.There are also many deficiencies in relevant to the authenticity and integrity of environmental accounting information.As far as Huifeng shares concerned,the problems such as irregular disclosure forms,scattered and inadequate disclosure,untimely information disclosure,and lack of independent third-party assurance also exist.In view of the problems above,suggestions for improvement are put forward from five aspects such as system construction,governance structure,professional quality and competence,disclosure awareness and external supervision.(1)Setting up relevant laws and regulations on environmental accounting information disclosure,improving internal management systems related to environmental protection and environmental information disclosure and establishing a quality evaluation system for environmental accounting information disclosure.(2)Improving corporate governance structure.(3)Improving the professional quality and competence of accounting staff.(4)Strengthening the environment of enterprises ' awareness of accounting information disclosure.(5)Emphasizing on environmental accounting information disclosure,establishing an audit system for environmental accounting information disclosure,increasing public awareness,strengthening the cooperation of all parties in supervision of environmental accounting information disclosure and improving the quality of environmental accounting information disclosure.