Research On Carbon Accounting Information Disclosure Of China Shenhua Under The "Dual Carbon" Goals

China,the world’s biggest carbon producer,has proposed the “dual carbon”goals in response to the dire situation of global warming and the increasing greenhouse effect,showing its role as a major nation to combat climate change.The“dual carbon” goals relate business sustainability to and carbon dioxide emissions reduction.Since the beginning of carbon emission rights trading,issues connected to carbon accounting have steadily gained popularity.A well-functioning carbon market requires companies to disclose their carbon accounting information in a timely and complete manner,so as to help relevant departments to supervise and manage the carbon emission situation of enterprises and provide effective information for stakeholders.However,the relevant laws in China are not sound,and the standardized carbon accounting information disclosure system has not yet been established,resulting in the lack of disclosure initiative,incomplete disclosure content and inconsistent disclosure methods.Based on the above considerations,this paper chooses China Shenhua,a typical coal industry enterprise,as an example to study and analyze its disclosure of carbon accounting information in the context of achieving the “dual carbon” goals.The main research methods used in this paper are literature research,case study,and comparative analysis methods.After reviewing a sizable amount of pertinent literature on China National Knowledge Infrastructure,the case of China Shenhua’s disclosure of carbon accounting information is chosen as the research object.This paper first analyzes the factors and motivations of China Shenhua’s carbon accounting disclosure,including regulatory policies,industry attributes,financial performance and development capability,etc.Following that,this paper assemble the ways and contents of the carbon accounting information revealed by China Shenhua in recent years using the annual reports,social responsibility reports,environmental,social and governance reports.Further,based on social responsibility theory,stakeholder theory,sustainable development theory and signaling theory,China Shenhua’s carbon accounting disclosures are compared with those of Yankuang Energy,another domestic coal company.It is found that China Shenhua’s carbon accounting information disclosure is of high quality,with characteristics such as high disclosure enthusiasm,various disclosure forms,complete disclosure contents and third-party authentication.However,there are still some deficiencies,such as scattered disclosure methods,lack of monetary information and unfavorable information,and lack of third-party authentication of some information.According to the causes of the deficiencies,this paper proposes optimization strategies to strengthen the quality of carbon accounting information disclosure of China Shenhua from internal and external aspects: China Shenhua should timely respond to the national policy requirements and standardize the way and content of its carbon accounting information disclosure;improve the corporate governance structure and carbon accounting information disclosure system;enhance internal carbon accounting knowledge training and cultivate carbon accounting professionals;actively use the online platform to disclose carbon accounting information and maintain the the good corporate image;accelerate the low-carbon transformation and upgrade and improve the awareness of social responsibility.This paper not only adds to the theories already in existence regarding the disclosure of carbon accounting information in China,but also offers a case reference and a practical guide for businesses,particularly coal businesses,to standardize their carbon accounting information disclosure behavior and improve the quality of carbon accounting disclosure in the context of China’s implementation of “dual carbon”goals.