Study on the Economic Consequences of Environmental Information Disclosure of Heavy Industry Enterprises: Taking Sany International Heavy Industry Holdings Limited as an Example

Yangmiwen Yu

2024

Abstract

Under the new economic normal, China is paying more and more attention to the environmental disclosure of listed companies. In 2024, Shanghai, Beijing and Shenzhen Stock Exchanges announced guidelines for mandatory disclosure of sustainability reports by listed companies. However, the call for mandatory disclosure has not received the echo it deserves. Some companies still pay little attention to information disclosure, or even avoid environmental information disclosure. In addition, there are problems such as falsification and irregularities in the disclosure information of disclosed companies that need to be addressed urgently. This study examines and analyses the short-term and long-term economic consequences of re-disclosure for a Hong Kong-listed company that has disclosed Environmental Social and Governance (ESG) reports for four consecutive years. The study starts in terms of the positive, neutral, and negative impacts of financing, share price, stakeholders, and so on. It aims to change the mentality of the enterprise and to make them more focused on long-term benefits while facing the short-term negative impacts. It could promote listed companies to pay attention to, standardize and completely disclose of environmental information. While enabling listed companies to fulfill their social responsibilities, non-listed companies are encouraged to actively disclose environmental information.

Paper Citation

in Harvard Style

Yu Y. (2024). Study on the Economic Consequences of Environmental Information Disclosure of Heavy Industry Enterprises: Taking Sany International Heavy Industry Holdings Limited as an Example. In Proceedings of the 1st International Conference on E-commerce and Artificial Intelligence - Volume 1: ECAI; ISBN 978-989-758-726-9, SciTePress, pages 380-386. DOI: 10.5220/0013263600004568

in Bibtex Style

@conference{ecai24,
author={Yangmiwen Yu},
title={Study on the Economic Consequences of Environmental Information Disclosure of Heavy Industry Enterprises: Taking Sany International Heavy Industry Holdings Limited as an Example},
booktitle={Proceedings of the 1st International Conference on E-commerce and Artificial Intelligence - Volume 1: ECAI},
year={2024},
pages={380-386},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0013263600004568},
isbn={978-989-758-726-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on E-commerce and Artificial Intelligence - Volume 1: ECAI
TI - Study on the Economic Consequences of Environmental Information Disclosure of Heavy Industry Enterprises: Taking Sany International Heavy Industry Holdings Limited as an Example
SN - 978-989-758-726-9
AU - Yu Y.
PY - 2024
SP - 380
EP - 386
DO - 10.5220/0013263600004568
PB - SciTePress