A Case Study On W Company’s ESG Information Disclosure

Recently,sustainable development research has been the focus of attention of all sectors of society.With the rapid development of China’s economy and the comprehensive deployment of the "Five in One" report of the 18th National Congress of the Communist Party of China,the relevant content of ESG has been paid more and more attention by enterprises.As simple financial indicators cannot meet the needs of investors for the use of financial statements,disclosing ESG information in an active way has become really significant to improve the reliability of financial statements and the competitiveness of enterprises.This includes environmental,social and corporate governance.Food industry has always been the industry that is closest to people’s life and meets the most basic needs of people.Food hygiene has always been the focus of attention of all sectors of society.Food enterprises should actively assume corresponding social food safety responsibilities.The government’s standardization and improvement of ESG information disclosure can strengthen the government’s concern for food safety and achieve the government’s social responsibility.Therefore,this paper has conducted in-depth research on the ESG information disclosure in China’s food industry.At present,China’s ESG information disclosure is still in its infancy,and the disclosure standards of various industries are different.Additionally,there is no such a flawless disclosure standard as a reference.As a result,this thesis summarizes and analyzes the literature on the content and function of ESG information disclosure at home and abroad in recent years,proposes the reference indicators in the ESG rating system and the theoretical basis for the preparation of the report,and summarizes the development process of understanding the concept of ESG in China.The main suggestions on ESG information disclosure at home and abroad are compared,and their differences are analyzed.Taking the latest ESG report issued by W Company in 2021 as an example,this paper makes a vertical comparison of the ESG reports issued by W Company in recent years by combining literature research,case study,and normative analysis methods.Through the research on the related theories of ESG at home and abroad,and the horizontal analysis of the ESG reports of 18 food enterprises in the same industry,it is found that the ESG information disclosure of W Company has problems such as poor balance,incomplete ESG information,and the authenticity and rationality of ESG data can not be determined.Put forward corresponding improvement suggestions for the parts of W Company’s ESG report that need to be further improved in the process of preparation and disclosure,with a view to providing reference value for ESG information disclosure of other enterprises in the same industry and across industries.The innovation of this paper is to deeply study the ESG information disclosure in China’s food industry,and put forward suggestions for improving the ESG report of W company by combining the literature research method,case study method and normative analysis method,which has strong industry pertinence,and provides a reference for the same industry and cross-industry enterprises to disclose ESG information.The conclusions of this study can provide reference for relevant government departments to strengthen the management and supervision of ESG information disclosure of food enterprises.