Research On Social Responsibility Information Disclosure Of Taiyuan Iron And Steel Group Co., Ltd

In an increasingly complex business environment,relying solely on financial information is no longer sufficient to reflect the opportunities and risks faced by companies,and more non-financial information is needed.The fulfillment of the social responsibility of the steel industry has attracted the attention of the society,so more social responsibility information should be disclosed.This paper studies domestic and foreign scholars' related literature on social responsibility information disclosure,and makes a case study on the disclosure of social responsibility information of Taiyuan Iron and Steel Group Co.,Ltd.(TISCO),a listed company in the steel industry.The social responsibility information disclosed by TISCO is collected from the official website and the MQI database,based on which the environment,form and content of TISCO's social responsibility information disclosure are analyzed.Secondly,a horizontal comparison is made with the social responsibility information disclosed by 15 steel companies in the top 200 nationwide in terms of revenue in 2019,so that the level of disclosure in the industry of TISCO can be evaluated.In order to further understand and evaluate the social responsibility information disclosed by TISCO,a scoring system is also built to score TISCO's social responsibility report for the past four years.Evaluation and analysis about the quality of its information disclosure is made based on scoringThe analysis shows that there are several problems of TISCO's social responsibility information disclosure,including the lack of third-party verification,the lack of feedback to the supervisors,avoidance of negative information,and the need of improving some forms of information disclosure.Factors that cause these problems include inadequate external oversight and lack of legal regulations,as well as companies' unwillingness to bear excessive costs.TISCO needs to increase the disclosure of quantitative information,improve the readability of its social responsibility report and training talents to improve the level of social responsibility information disclosure.At the same time,external factors such as strengthening government supervision and establishing a third-party inspection system are required to urge enterprises to disclose their social responsibility information on the right track.