Comparative Analysis of Global ESG Information Disclosure Regulatory Frameworks and Challenges

DOI

10.2991/978-2-38476-277-4_104How to use a DOI?

Keywords

ESG information disclosure; Regulatory framework; Sustainable development; Enterprise responsibility; Transparency

Abstract

Environmental, social, and governance (ESG) information disclosure constitutes the cornerstone of ESG rating and plays a fundamental role in the ESG investment process. At present, listed companies mainly rely on the voluntary principle in ESG information disclosure and lack macro-level enforcement, which leads to false disclosure, information omission, and other problems. Through in-depth desktop research, this paper compares and analyzes the similarities, differences, and characteristics of the global ESG regulatory framework, and explores the challenges faced by the current ESG information disclosure regulatory system. It is found that significant variations in the maturity and emphasis on ESG information disclosure regulation are evident across different countries. The current regulatory frameworks for ESG information disclosure in various countries primarily encounter three challenges: insufficient data quality and consistency, difficulty in supervision implementation, and resistance of enterprises. To address these challenges, this paper proposes that regulators can formulate a unified ESG disclosure standard, strengthen data quality and transparency, and introduce a mechanism combining incentives and punishments, to improve regulatory efficiency. Meanwhile, enterprises should actively formulate ESG strategies, build ESG management frameworks, and improve internal control systems of risk management, to meet the urgent requirements of sustainable development under the background of globalization.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Zhanyan Ye
PY  - 2024
DA  - 2024/09/02
TI  - Comparative Analysis of Global ESG Information Disclosure Regulatory Frameworks and Challenges
BT  - Proceedings of the 2024 10th International Conference on Humanities and Social Science Research (ICHSSR 2024)
PB  - Atlantis Press
SP  - 942
EP  - 950
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-277-4_104
DO  - 10.2991/978-2-38476-277-4_104
ID  - Ye2024
ER  -