Research On Status And Driving Factors Of Voluntary Carbon Information Disclosure Of Forestry Listed Enterprises

Enterprises are one of the sources of carbon emissions,and their own carbon information is of great significance to corporate carbon asset management,carbon emissions governance,and environmental policy formulation.The establishment of an effective mechanism is an urgent requirement for global carbon governance.At present,China does not have a unified carbon information disclosure framework.Voluntary disclosure is the main form of carbon disclosure for current enterprises.In 2017,China launched a national carbon emission trading,and the market 's demand for carbon information is more urgent.Therefore,research The drivers of voluntary carbon information disclosure by companies are significant.Forestry,as a key industry in response to climate change,has characteristics of both “carbon sink” and “carbon source” and “carbon source”,which is typical and representative.In this study,43 A-share forestry listed companies were taken as the research object,and 215 pieces of corporate information and financial data disclosed from 2013 to 2017 were used as samples.Based on China's environmental information disclosure guidelines and the production characteristics of forestry enterprises,forestry listed companies were constructed Voluntary Carbon Information Disclosure Indicator System,with the entropy weight method determining the index weight of each factor,and analyzed the current status of voluntary carbon information disclosure in China's forestry listed companies,showing that the current overall level of disclosure is generally low,mainly in text form,and different Voluntary carbon information disclosure levels vary widely between industries,with prominent channel diversification characteristics and a large proportion of off-balance sheet information.However,the overall situation is rising and fluctuations,and the disclosure channels are gradually becoming independent and the disclosure information is gradually transitioning to quantitative.On this basis,this study conducted an empirical study on the driving factors of voluntary carbon information disclosure of forestry listed companies in China.A total of 10 variables were selected from the aspects of external supervision,corporate governance,corporate performance,and industry characteristics.The results of multiple regression showed that: Corporate performance factors are the key factors driving voluntary carbon information disclosure for forestry listed companies.Among them,corporate profitability and sustainable development capabilities have a significant endogenous driving role for voluntary carbon information disclosure.The degree of disclosure of government regulatory information has a negative correlation with the level of voluntary carbon disclosure by companies.Owning forestry carbon sinks has a significant positive role in promoting voluntary carbon information disclosure by forestry listed companies.Forestry carbon sinks will become a resource reserve for lowcarbon development and carbon trading in the future.Carbon trading policies will have a long-term effect on carbon disclosure of forestry listed companies The promotion role of the company is even more significant for enterprises that have not yet deployed forestry carbon sinks.