Research On Problems And Countermeasures Of ESG Information Disclosure Of Sinopec

Guided by the concept of sustainable development and high-quality economic development,the role of non-financial information is becoming increasingly prominent.The increasing demands of stakeholders have become the focus of enterprise decision-making and operation.Enterprises should not only pay attention to the operational benefits of enterprises,but also pay attention to the social cost benefits.Environmental,Social,and Governance(ESG)information is a systematic collection of non-financial information disclosed by enterprises.Scoring and measuring this series of indicators can help guide the sustainable development of enterprises.However,China’s ESG information disclosure system is still in the preliminary exploration stage.Therefore,how to choose the mode and content of ESG information disclosure to meet the ESG information quality requirements,and improve the quality of ESG information disclosure to meet the information needs of reporting users at all levels,is currently a key issue that needs to be focused on and addressed.Based on the above premise,this article first clarifies the conceptual connotation and relationship of ESG information disclosure through sorting out its relationship with CSR and sustainable development.Then,it sorts out the research status from three aspects: the impact factors of ESG disclosure,quality evaluation,and the role of disclosure.Finally,it sorts out the development status of ESG reports at home and abroad,and analyzes the current status of enterprise ESG information disclosure.And select a typical representative of the heavily polluted petrochemical industry,take China Petrochemical Corporation(Sinopec)as an example to study the information disclosure of enterprise ESG,and try to obtain corresponding countermeasures and suggestions.Based on the analysis of ESG information disclosure practices and cases of Sinopec in ESG information disclosure,this article finds that the laws and regulations on environmental information in Chinese mainland are mainly concentrated,and a relatively unified ESG information disclosure framework has not been formed.For Sinopec,the overall situation of its ESG information disclosure is good,but there are still problems such as confusion and overlap in ESG information disclosure,insufficient refinement of indicators,and imperfect strategic disclosure under climate change.And propose corresponding improvement suggestions for the above issues.I hope it will be helpful for China’s work on ESG information disclosure.