Case Study On ESG Information Disclosure Of USI

ESG originates from the negative impact of rapid economic development on society and environment.In June 2004,the United Nations Global Compact released the "Who Cares Wins" report,putting forward the concept of ESG for the first time.Under the pressure of stakeholders,in order to maintain the legitimacy of their own operations,enterprises have made positive commitments on environmental,social and governance issues and began to disclose ESG information.In June 2018,MSCI,the global index supplier,included A-shares in its emerging market index and global benchmark index,which indicated that while China’s economy began to integrate into the global development process,it also promoted A-share listed companies to actively strengthen ESG governance and information disclosure,so that their own ESG performance was continuously improved.However,according to the ESG rating results released by MSCI in November 2019,in general,domestic enterprises still lag behind by 1-2 levels,with great room for improvement.At the same time,ESG negative events have also erupted frequently,and it is urgent to force enterprises to improve ESG management level with information disclosure requirements.Under this background,this paper,relying on the information asymmetry theory,stakeholder theory,and the triple bottom line theory,uses the case study method and comparative analysis method to collate and compare the mainstream ESG rating systems at home and abroad.Taking USI,the only A-share listed company in the 2021 Wind ESG rating list that has obtained the AAA rating,as an example,analyzes the motivation,process,impact,advantages and disadvantages of the ESG information disclosure of USI.After analysis,it is found that USI has many advantages in ESG information disclosure,such as continuous improvement of information disclosure system,multiple reference standards,sufficient investor exchange,questionnaire survey and report verification,and planning of ESG long-term strategy,which reflects the enterprise’s strong sense of social responsibility,but also exposes the problems of insufficient negative information disclosure,inadequate disclosure of qualitative indicators and industry-specific indicators,which need to be further improved,There is still room for improvement.Through analysis,suggestions are put forward to provide reference for other listed companies in the electronic manufacturing industry and promote the healthy and sustainable development of the industry.