Northeast Pharmaceutical ESG Information Disclosure Study

In June 2020,China officially released the 2019 Communiqué on the Status of China’s Ecological Environment and the 2019 Communiqué on the Status of China’s Marine Ecological Environment,revealing the sharpness of China’s ecological and environmental problems.The two communiqués show that at present,China is still far from the goal of building a beautiful China,and the ecological dilemma facing China still needs to be paid great attention to from the perspective of air quality,water quality,natural ecosystems and other aspects.In order to fundamentally solve the ecological dilemma,reduce the degree of environmental pollution,respond to the call to protect the global ecosystem,and continue to advance towards the goal of a beautiful China,the Chinese government has been making unremitting efforts on environmental issues.At the National People’s Congress and the Chinese People’s Political Consultative Conference in 2021,national leaders particularly emphasized the dual carbon goals of "carbon peak and carbon neutrality",and China’s "14th Five-Year Plan" also clearly pointed out that China should unswervingly implement the new development concept of innovation,coordination,green,openness and sharing,and promote high-quality development.ESG is the organic combination of Environmental,Social and Governance.ESG is an emerging investment concept,which belongs to sustainable investment in a broad sense and is also an indicator to measure the sustainable development of enterprises.While the traditional evaluation of listed companies pays more attention to financial indicators such as their financial status,profitability and industry development,ESG integrates the three non-financial elements of environment,society and governance into the investment process,which can more comprehensively and systematically evaluate the sustainable development ability and social benefits of listed companies.ESG can provide a basis for enterprises to achieve their own goal of carbon neutrality,reduce carbon emission levels and carbon emission risks,effectively promote the process of carbon neutrality,and promote green development and green transformation.Based on the above background,after combing the domestic and foreign literature on environmental information disclosure,social responsibility disclosure,corporate governance and ESG disclosure,Northeast Pharmaceutical,which has prominent environmental issues,was selected as the case study object,and Pianzaihuang,who had good disclosure status,was selected as the comparative research object,and the ESG information disclosure methods,content and ratings of the two companies were compared and analyzed.Through systematic and comprehensive comparison,the deficiencies in ESG information disclosure of Northeast Pharmaceutical are concluded and the reasons are analyzed,and the conclusion that the current ESG information disclosure quality of listed companies in China is not high and the supervision of the regulatory authorities over the company’s ESG information disclosure is insufficient.In view of the shortcomings and causes of ESG information disclosure in Northeast Pharmaceutical,measures to optimize ESG information disclosure and solve problems are proposed,and at the same time,it also serves as a reference for other listed companies.