China Shenhua Carbon Accounting Information Disclosure Research On The Impact Of Value

In 2015,General Secretary Jinping Xi made a promise at the Paris Conference on Climate Change: China’s carbon emissions will reach a peak in 2030,and carbon emissions per unit of GDP will be reduced by 60% to 65% compared with 2005.Since then,China’s emission reduction policy has gradually been implemented.The establishment of the national carbon emission trading market in 2017 shows the government’s determination to try to solve climate problems through market means,and also puts forward new requirements for the disclosure of carbon accounting information of Chinese enterprises.At the moment when the low-carbon economy is booming,the disclosure of carbon accounting information in the coal industry is facing more stringent regulations and wider public attention.As one of the representative coal companies in China,China Shenhua,which is pursuing environmental protection,has accumulated a lot of valuable experience in carbon accounting information disclosure.Therefore,this article selects China Shenhua case study companies and uses domestic and foreign research results and related theories as guidance.First,the content analysis method is used to explore the current status of the disclosure model,content,and quality of China Shenhua Carbon’s accounting information,and to clarify the characteristics and deficiencies of disclosure.Secondly,using the event research method and multi-index analysis method,the impact of carbon accounting information disclosure on the market value and comprehensive performance of China Shenhua is analyzed from the short-term and long-term perspectives.The research results show that: First,in the short term,the positive disclosure of positive carbon accounting information through China Shenhua is conducive to increasing market value,but the disclosure of negative information through the media will bring losses to corporate value.Second,in the long run,the disclosure of carbon accounting information has improved China Shenhua’s overall performance level.It is mainly reflected in the disclosure that has enabled China Shenhua to accelerate the speed of green transformation and upgrade,strengthen the prevention and control of environmental costs,improve the compensation mechanism for environmental protection,improve the efficiency of internal environmental management,improve profitability and scientific research and innovation capabilities,It has created an image of environmental responsibility,But insufficient disclosure has a negative impact on financing efficiency.Finally,according to the current status and research conclusions of China Shenhua’s disclosure,suggestions for optimizing the disclosure level of carbon accounting information to enhance corporate value are proposed.Carbon accounting information disclosure professionals,strengthen internal and external coordination of carbon accounting information disclosure,and deepen internal and external supervision of carbon accounting information disclosure.It is hoped that the research in this paper can bring some inspiration and reference to the disclosure of carbon accounting information of coal enterprises.