Research On Quality Evaluation Of ESG Information Disclosure In China Shenhua

ESG(Environmental,Social and Governance,Environmental,social and corporate governance)is a new standard of corporate information disclosure and a good reference for investment.However,there are differences in the quality of ESG information disclosure in China’s coal industry.Some coal enterprises even do not disclose ESG reports,but only disclose social responsibility reports,which is not conducive to the horizontal comparison of information disclosure and the improvement of the quality of information disclosure in the industry.Therefore,promoting the quality of ESG information disclosure in China’s coal industry and improving the ESG evaluation system are important steps to promote the sustainable development of China’s coal enterprises and even the whole industry.Therefore,on the basis of referring to the existing research results,this paper,based on the theories of triple bottom line,economic externality,corporate social responsibility and sustainable development,according to industry norms and national policies,combined with the characteristics of the coal industry such as high pollution,high carbon emissions and high-risk working environment,Based on relevant national documents,disclosure requirements of the three major exchanges,Governance Guidelines for Listed Companies(2018)issued by China Securities Regulatory Commission and ESG rating system of MSCI,the content framework of ESG information disclosure in China’s coal industry is constructed.Then the evaluation indexes of ESG information disclosure in China’s coal industry are selected and the weights of each index are determined by AHP.On this basis,the quality evaluation system of ESG information disclosure in China’s coal industry is established.This paper takes China Shenhua,a representative enterprise in China’s coal industry,as the research object.According to China Shenhua’s ESG information disclosure report from2019 to 2021,combined with the actual operation of China Shenhua and the characteristics of China’s coal industry,Determine the ESG theme of information disclosure in China’s coal industry,construct the content framework and evaluation index system of ESG information disclosure in China’s coal industry.Firstly,seven indexes of integrity,comprehensibility,reliability,materiality,comparability,balance and timeliness of China Shenhua’s ESG report from 2019 to 2021 are measured.Secondly,through the annual evaluation of the quality of ESG information disclosure of China Shenhua from 2019 to 2021,the highlights and shortcomings of ESG report information disclosure are summarized.Once again,the quality of ESG information disclosure of China Shenhua from 2019 to 2021 was evaluated according to three dimensions: environment,society and corporate governance,with a focus on the completeness and comparability of China Shenhua’s ESG report.Finally,some suggestions are put forward to improve the quality of ESG information disclosure,including the calculation method of key quantitative performance disclosure;Strengthen the disclosure of pollution prevention facilities;Strengthen employee training disclosure;Strengthen product liability disclosure;Enhanced disclosure of customer and consumer rights;Increase quantitative disclosure of social communication channels;Multiple ways to disclose executive compensation;Quantitative disclosure of the company’s internal review,China Shenhua should continue to improve the quality of ESG information disclosure in the future,so that enterprises can achieve green and sustainable development.