Research On The Information Disclosure Quality Of Green Bonds Based On The Goal Of "Double Carbon"

The "two-carbon" goal aims to reach the peak of China’s carbon emissions before 2030,and achieve relatively zero emissions and carbon neutrality by 2060 through a series of measures to offset its own carbon emissions.The proposal of "double carbon" goal means that our country’s financial system is about to step into the new development model and the high-speed and high-quality development stage.Although the rapid economic development improves the quality of human life,it also brings a series of environmental problems.Environmental pollution and resource waste have become the problems that human beings must face and improve.Therefore,the purpose of high-quality development is to improve environmental pollution and efficient and circular use of resources.In this context,green finance has become the main force to promote economic transformation,and green bond,as one of the representative tools of green finance,has developed rapidly.By 2021,the scale of green bond issued by Chinese enterprises makes China jump into the second largest green bond market in the world.With the rapid development of green bond market,stakeholders,including investors,are increasingly demanding green bond information disclosure.Detailed and standardized disclosure of green bond information is a key step to improve the green investment and financing fund system.It is the top priority to ensure that the funds are used to improve the environment in terms of environmental protection,climate change and maximizing the utilization of existing resources.The healthy operation of green bond market is based on the level of green bond information disclosure.Based on this,this paper firstly summarizes the concepts related to the "two-carbon" target,green bonds and the theoretical basis of information disclosure,in order to explain the importance of the quality of information disclosure of green bonds.Secondly,the overall scale of green bonds issued in China and the two green bonds issued by BYD,a case enterprise,were respectively introduced,and then the factors affecting the quality of BYD’s green bond information disclosure and the status quo were analyzed.Finally,according to the requirements of green bond information disclosure,the evaluation system of green bond information disclosure quality index is constructed,and the analytic hierarchy process is used to evaluate and analyze the quality index of BYD green bond information disclosure.Through the evaluation of each index,the deficiencies in information disclosure are found.And according to the above deficiencies from the fundraising information,environmental benefits,third-party certification and regulatory departments put forward the corresponding improvement suggestions.In order to improve the quality of information disclosure of green bond in our country,promote healthy and stable development of the green bond market,help the "double carbon" goal,push our country’s green development economy.