A Study On The Disclosure Of Carbon Accounting Information Of Hunan Steel Under The "Double Carbon" Policy

In March 2021,General Secretary Xi Jinping proposed in his speech to the Central Finance and Economics Commission that achieving carbon peaking and carbon neutrality is a significant social systemic change,and that carbon peaking and carbon neutrality should be incorporated into the construction of China’s ecological civilisation.At the same time,General Secretary Xi Jinping also proposed that China should achieve peak carbon by 2030 and carbon neutrality by 2060,which is also known as the "double carbon" policy.The steel industry is under tremendous pressure to achieve the carbon peak and carbon neutrality targets.The steel industry,as a high-emission,energy-intensive enterprise,accounts for 7-9%of global direct carbon emissions from human activities.In the context of the "double carbon" policy,the steel industry needs to reduce its carbon emissions by at least 50% by 2050,and in2022,the "Guidance on Promoting the High Quality Development of the Steel Industry",jointly issued by a number of departments,clearly states that the steel industry should ensure that it reaches its carbon peak by 2030.Therefore,in the context of China’s economic background and policy context,it is necessary to analyse the disclosure of carbon accounting information in the highly polluting steel industry through theories related to carbon accounting.The text selects Hunan Iron and Steel Group,which has a representative from,for the study.The steel industry is one of the key industries with high carbon emissions that are monitored in real time by the Ministry of Environmental Protection in China,and Hunan Iron and Steel is at the front of the steel industry,so it is somewhat representative and generalisable.This paper adopts a case study approach to the analysis,which is in line with the principles of typicality and accessibility.This paper analyses the situation,problems and solutions of carbon accounting information disclosure in Hunan Steel,and finds that there are problems such as incomplete disclosure,lack of quantitative information,too much qualitative information and limited disclosure channels in Hunan Steel.The problems are caused by the lack of professional talents and departments within Hunan Iron and Steel,the negative disclosure of carbon accounting information,the imperfect construction of internal system and the lack of internal supervision,and on this basis,we analyse the causes of the problems and propose corresponding countermeasures to promote the development of carbon accounting information disclosure in iron and steel enterprises and the smooth implementation of China’s "double carbon" policy.The analysis reveals that Hunan Iron and Steel needs to improve its carbon accounting system through the development of the "double carbon" policy.Through the analysis,it is found that Hunan Iron and Steel needs to optimise its carbon accounting information disclosure by cultivating talents,building departments,establishing carbon accounting systems,improving the form of carbon accounting information disclosure and increasing the enthusiasm of enterprises to disclose.At the same time,outside the enterprise,there is also a need to strengthen the improvement of policies and regulations and the improvement of external supervision.Enterprises and the government should work together to promote the realisation of the "double carbon" policy.