湖南大学学报（社会科学版）2024，Vol.38Issue(3)：74-82,9.DOI:10.16339/j.cnki.hdxbskb.2024.03.010
上市公司ESG信息强制性披露:制度优势、法理基础与实现路径
Mandatory ESG Information Disclosure of Public Companies:Institutional Advantages,Legal Basis and Implementation Path
摘要
Abstract
With the rise of ESG investment,whether ESG information of public companies should be mandatory disclosure has become an important issue for major global capital markets.Although mandatory disclosure of ESG information has institutional advantages in reducing information costs and improving in-formation quality,the legal basis and possible implementation paths for China to choose and institutionalize this model still need to be explored.The need for risk regulations from the perspective of social system theory and the application of the materiality standard in securities law are the reasons for the legitimacy of mandatory disclosure of ESG information.The construction of a mandatory disclosure system for ESG in-formation can be based on interpreting important ESG information as significant informatioon under the se-curities law framework,and forming a structured disclosure rule system through the formulation of basic principles by the China Securities Regulatory Commission and the design of specific rules by the securities exchange;it is advisable to distinguish between the ESG concept centered on meeting investor decision-making needs and the corporate social responsibility concept centered on caring for stakeholder demands,and establish an ESG information disclosure framework and standards in two steps;the compliance costs of public companies and implementation of a gradual implementation plan are supposed to be fully considered.关键词
社会系统论/气候相关风险/系统性风险/"重大性"标准/合规成本Key words
social system theory/climate related risks/systemic risks/materiality standard/compliance cost分类
管理科学引用本文复制引用
熊敬..上市公司ESG信息强制性披露:制度优势、法理基础与实现路径[J].湖南大学学报（社会科学版）,2024,38(3):74-82,9.基金项目
国家社会科学基金重大项目:优化市场化法治化国际化便利化营商环境研究(21ZDA052) （21ZDA052）
