Research On The Impact Of ESG Information Disclosure In The Energy Industry On Enterprise Value Appreciation

The current concept of green and sustainable development is gradually deeply rooted in people’s hearts.The development of enterprises is no longer just about economic growth,but also begins to attach importance to the establishment and strengthening of social responsibility concepts,and the fulfillment of corporate social responsibility.ESG information disclosure is a concrete manifestation of corporate social responsibility,and to some extent,it can better reflect whether a company can achieve sustainable development.In the past,energy companies focused on analyzing the main financial indicators when evaluating enterprise value appreciation,and rarely paid attention to ESG’s evaluation of enterprise value.The petrochemical energy industry has significant carbon emissions,which conflicts with the current "dual carbon" goals.So,what impact will ESG information disclosure in the energy industry have on the value appreciation of enterprises in the current context of "dual carbon" ? That is the purpose of the paper’s research.This article uses empirical research to construct a regression model to study the impact of ESG information disclosure on enterprise value appreciation in energy enterprises.Subsequently,a specific case of China Petroleum in the energy industry is selected as the research object to further illustrate the impact of ESG information disclosure on enterprise value.First of all,this paper combs the relevant literature research at home and abroad,and understands the research results of relevant scholars on the impact of ESG information disclosure on enterprise value appreciation in recent years.Secondly,the relevant concepts and theoretical basis of ESG information disclosure are introduced,using signal transmission theory,stakeholder theory,and corporate social responsibility theory to analyze the impact of ESG information disclosure on enterprise value appreciation from different paths,and summarize the correlation between ESG information disclosure and enterprise value appreciation.On this basis,an empirical analysis was conducted on 377 sample data of China’s energy industry from 2017 to 2022.Panel regression analysis was conducted using energy industry ESG scores and financial indicators(stock prices)data,and it was found that ESG information disclosure is positively correlated with enterprise value appreciation.Afterwards,China Petroleum,a leading enterprise in the energy industry,was selected as the research object to introduce the ESG information disclosure situation of China Petroleum.Comparative analysis was used for research and analysis,and ESG information disclosure was positively correlated with enterprise value appreciation.I hope that the combination of empirical analysis and case selection research in this study can increase the persuasiveness of the positive correlation between ESG information disclosure and enterprise value appreciation,thereby enhancing the awareness of ESG information disclosure of enterprises themselves and helping to better achieve value appreciation.