Study on the Relevance of Internal Legal System Environment, Format Guidelines and Carbon Information Disclosure: Empirical Data from Shanghai A-share Industrial Enterprises

Ruyu Jia

doi:10.54691/bcpbm.v19i.848

Authors

Ruyu Jia

DOI:

https://doi.org/10.54691/bcpbm.v19i.848

Keywords:

legal system environment, format guidelines, carbon information disclosure, carbon peaking and carbon neutrality

Abstract

This paper empirically investigates the relationship between the internal legal system environment, disclosure format guidelines issued by China Securities Regulatory Commission (CSRC) and carbon information disclosure, using Shanghai A-share industrial enterprises from 2018 to 2021 as the research samples. The results of the study show that the overall level of carbon information disclosure is low and varies greatly among enterprises, that a sound internal legal system environment can improve the level of carbon information disclosure, and that there is a significant positive relationship between the extent to which the disclosure format guidelines issued by the SFC are complete and the level of carbon information disclosure. The study confirms the importance of the internal and external systems of companies, and provides reference for the study of the factors influencing the level of carbon information disclosure.

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