A Case Study Of CTI’s ESG Information Disclosure

ESG is the acronym for Environmental,Social,and Governance.The ESG theory is the core theoretical system followed by enterprises to fulfill their environmental,social,and governance responsibilities,and is also an important lever for achieving sustainable development in the world today.The ESG theory summarizes and organizes the rich connotations of sustainable development,forming a set of operable system methodology,aiming to fully leverage the role of enterprises,financial institutions,and other entities,and promote enterprises to achieve low-carbon transformation and sustainable development goals.At present,the theoretical and practical communities have formed a relatively complete ecosystem around ESG,including the GRI Guidelines(Global Reporting Initiative),the SASB Framework(Sustainability Accounting Standards Board)and other ESG information disclosure standards,as well as the Mingsheng Index The FTSE Russell Index and other ESG indicator systems and evaluation methods,as well as ESG related regulations steadily promoted by various governments and exchanges.More and more companies are starting to disclose ESG reports outside of financial reports,and ESG has become an important management and investment philosophy in the international business and financial communities.At present,the development of ESG in China is still in its infancy,and the ESG ecosystem is not yet perfect.The guiding mechanism for enterprise ESG information disclosure is not yet sound.Chinese enterprises generally lack a comprehensive and in-depth understanding of ESG theory,and there are many problems in the process of using ESG theory for enterprise management.Enterprises that disclose ESG information are also rare.Therefore,this article adopts a case study method and selects CTI,a leading third-party testing industry enterprise that has been disclosing ESG reports since 2020,as the research object.With its 2021 ESG report as the entry point,it delves into its ESG practice activities and discovers valuable areas for reference in ESG information disclosure.CTI attaches great importance to the construction of ESG management system.When disclosing ESG information,it always adheres to a stakeholder oriented approach,focuses on corporate strategy and future development,follows the principle of balance in disclosure,and focuses on the characteristics of the enterprise,highlighting key points and characteristics in ESG reports.The ESG report of CTI also exposes some shortcomings,which are common in the current practice of ESG information disclosure in Chinese enterprises.The qualitative indicators in ESG reports are difficult to meet the quality requirements for information disclosure such as truthfulness,comparability,and verifiability.At the same time,there are issues with insufficient disclosure,incompleteness,and inconsistent caliber of quantitative indicators in ESG reports.Enterprises have a strong subjectivity in ESG information disclosure,leading to a certain degree of greenness in ESG reports.The company has not yet established an ESG performance management system,resulting in a lack of targeted ESG information disclosure.In addition,the current ESG report lacks third-party audits similar to financial reports.On this basis,this article provides improvement suggestions for the ESG information disclosure of CTI,including reasonable selection of disclosure framework,improvement of ESG disclosure indicators,promotion of ESG informatization construction,establishment of ESG performance management system,and introduction of ESG third-party authentication.The innovation of this article lies in its novel topic selection and typical representative case studies.In the current context of limited case studies on ESG in China,this article helps to enrich the data and achievements of domestic ESG theoretical research,and provides a new interpretation of the theoretical connotation of ESG with a Chinese and localized approach.However,the research period for the case in this article is relatively short,and there is still insufficient relevant information,so there are certain limitations.