A Study on the Current Situation of ESG Information Disclosure and Its Consequences Taking China Shenhua Energy Company Limited as an Example

Abstract

ESG disclosure is essential for enhancing corporate transparency given the increasing global growth of ESG systems. Chinas coal industry generates economic advantages but also causes external diseconomies and is required to fulfill certain social obligations. So that the general public may comprehend how corporate social responsibility is being fulfilled, it is imperative that businesses in the coal sector take the effort to provide social responsibility information. In order to determine if the information in coal companies ESG reports complies with requirements and to examine the effects of the reports release on businesses, this article uses China Shenhua Energy Co., Ltd. as its research subject. This paper primarily looks at Shenhuas ESG report by comparing it to the GRI standard, and discovers that Shenhuas ESG information disclosure still has some deficiencies. However, from the event study method, we learn that the publication of Shenhuas ESG report has had some positive effects on the company.