Research On ESG Information Disclosure Quality Of Listed Companies In Cement Industry

In the context of global warming,sustainable development has gradually become a consensus,and the ESG concept has also been gradually applied to the process of sustainable development.In recent years,with the advocacy and active promotion of the government and regulatory authorities,the understanding and acceptance of ESG and green investment concepts by various sectors of society have also been continuously increasing,and more and more companies are beginning to practice ESG concepts.As one of the heavily polluting industries,the cement industry urgently needs to achieve green and sustainable transformation,guided by green transformation,and take the path of green empowerment for development.In the context of "dual carbon",cement industry companies actively undertake environmental protection obligations,social responsibilities,and corporate governance responsibilities,and practice the ESG concept.Doing a good job in ESG information disclosure and evaluation can effectively promote the company’s green and sustainable transformation.At present,most of the domestic ESG information disclosure evaluation systems refer to foreign experience and practices.It is worth exploring whether these mainstream systems are suitable for evaluating the quality of ESG information disclosure of listed companies in the cement industry.This article selects three rating agencies with a wide range of ratings to analyze the quality evaluation of ESG information disclosure in China’s cement industry.It is found that the existing evaluation system lacks the main pollutant indicators of the cement industry,lacks strong correlation,and does not fully cover the cement industry.It is urgent to establish an ESG information disclosure evaluation system suitable for China’s cement industry.Therefore,this article refers to existing mature domestic and foreign ESG evaluation methods,combines the dual carbon goals,analyzes the characteristics of the cement industry and the current status of ESG information disclosure,draws inspiration from the PSR model,and innovatively constructs a localized ESG evaluation system in China that includes 3 sub goals,9 secondary criteria layers,and40 specific indicators using the Analytic Hierarchy Process.Attempt to construct an ESG evaluation system that is in line with China’s national conditions for the cement industry in China,providing certain reference for the construction and optimization of the ESG evaluation system for heavy polluting industries such as the domestic cement industry at present.This article selects 20 listed companies in the cement industry that have already conducted ESG information disclosure as the research objects,verifies the applicability of the constructed ESG information disclosure evaluation system in the cement industry,and analyzes the scoring results of the sample companies from the perspectives of ESG information disclosure content and disclosure quality,exploring their ESG information disclosure optimization paths,providing some reference for the current construction and quality optimization of the ESG system in the domestic cement industry,Thus,it plays a positive role in promoting China’s achievement of the "dual carbon" goal.