The Evolution and Future Trajectory of ESG Information Disclosure in China: Building a Harmonized Disclosure System in the Context of Global Integration
DOI:
https://doi.org/10.5281/zenodo.15583449Keywords:
ESG disclosure, sustainability reporting, global integrationAbstract
This paper examines the evolution and future trajectory of Environmental, Social, and Governance (ESG) information disclosure in China within the context of global integration. As sustainability reporting gains prominence worldwide, China has made significant strides in developing a comprehensive ESG disclosure framework that balances international standards with domestic priorities. Through analysis of recent policy developments, academic research, and industry practices, this study tracks China's journey from initial voluntary environmental reporting to its current structured approach with mandatory disclosure requirements for many listed companies. The research identifies key challenges in China's ESG disclosure system, including data quality concerns, implementation capacity constraints, and the need to harmonize local standards with global frameworks. The paper also examines China's efforts toward global integration, particularly its relationship with International Sustainability Standards Board (ISSB) standards and initiatives under the Belt and Road framework. Looking ahead, China's ESG disclosure system is poised for full implementation by 2030, with increasing focus on digital transformation, expanded mandatory requirements, and enhanced global alignment. The findings provide valuable insights for policymakers, companies, investors, and researchers interested in China's sustainable development and its growing influence on global ESG standards.
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Data Availability Statement
All data used in this research are derived from publicly available literature, regulatory documents, and industry reports. Policy documents referenced in this study can be accessed through the official websites of relevant Chinese government departments, including the Ministry of Finance, China Securities Regulatory Commission, Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange. Industry reports and analyses are available through the official channels of the cited organizations. Academic literature can be accessed through relevant scholarly databases. This research did not utilize proprietary datasets requiring special access permissions. For specific data sources referenced in this study, please consult the complete reference list at the end of the paper.
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