Research on Environmental Information Disclosure Mechanism and Development Status of Automobile Enterprises in China

Ting Zhang,Mingnan Zhao,Shujie Xu,M.S Nazir,H.A Aziz

doi:10.1051/e3sconf/202125702020

Abstract

Firstly analyzed the progress of environmental information disclosure at home and abroad, and elaborated on the shortcomings of environmental information disclosure in China. Secondly, based on foreign information disclosure experience and the actual development of China’s development of the automobile industry, an environmental information disclosure system for the Chinese automobile industry based on the participation of multiple entities is proposed. Finally, by setting indicators for the whole life cycle, the environmental information disclosure of automobile companies is analyzed from different angles.

Highlights

Information disclosure first originated in the United Kingdom
Information disclosure has become a major means of global public management
Its own practice has proved that the government can use ethical agreements in environmental supervision

Summary

Introduction

Information disclosure first originated in the United Kingdom. Since 1990, countries such as the United States, the United Kingdom, Australia, and Japan have begun to attach importance to the disclosure of environmental information by enterprises. Environmental information disclosure has gradually become a mandatory requirement in the financial sector. In addition to pollution issues, developed countries will gradually establish climate and other green information disclosure systems [1]. The British Green Finance Strategy Repoet pointed out that all listed companies and large enterprises are expected to make disclosures in accordance with the climate-related financial information disclosure working group TCFD recommendations by 2022, and establish a joint working group across the UK regulators to explore the compulsory reporting and suitability. The rudimentary form of China's environmental information disclosure laws and regulations supervision system has basically taken shape. Environmental Protection or the securities regulatory authority, to the later inter-departmental cooperation and joint formulation of related systems, environmental information disclosure has gradually transitioned from voluntary to mandatory[4 ]. The "Industrial Enterprise Green Development Report Publicity Platform" was launched, which will support the smooth disclosure of enterprise green development information channels, show the excellent achievements of enterprise green development, and provide a convenient channel for the government and the public to obtain enterprise green development information

Construction of environmental information disclosure system

Analysis of disclosure form

Findings

Conclusions