ESG Connotation, Disclosure and Legal Regulations in China
DOI:
https://doi.org/10.54691/bcpbm.v49i.5459Keywords:
ESG connotation; ESG disclosure; ESG practice; legal regulationsAbstract
ESG investment concept has been developed for more than 20 years worldwide, and is a powerful tool for realizing the harmony between human and nature, social harmony and high-quality development of corporates. The content of ESG disclosure has various international standards, and China has its own ESG disclosure guidelines. At present, the United States, the European Union and Hong Kong, China, due to the early emergence of ESG concepts, legal regulations are more perfect, ESG disclosure quantity and quality is higher. Although China's current ESG disclosure is on the rise, due to the imperfect legal regulation of ESG disclosure, the disclosure proportion and quality still have more room for improvement. China should improve ESG disclosure by perfecting the legal regulations of ESG disclosure to help Chinese corporates "go global" with higher quality, and promote the realization of ESG investment concepts and sustainable economic and social development.
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