Research on the Factors Influencing the Quality of Corporate ESG Information Disclosure

Abstract

With the development of the social economy, the advancement of the “dual carbon” goals and the in-depth implementation of sustainable development strategies, the country has imposed higher requirements on the sustainable development of enterprises. ESG (Environmental, Social, and Governance) information disclosure has increasingly garnered widespread attention from stakeholders such as investors and consumers. However, in practice, influenced by various factors including policies and regulatory intensity, many enterprises’ ESG information disclosure exhibits significant issues, such as the prevalence of arbitrary and subjective “voluntary disclosure” forms and inadequate coverage of substantive ESG topics, which hinders the high-quality development of enterprises and the broader social economy. After reviewing existing research on corporate ESG information disclosure quality, this paper focuses on analyzing and synthesizing the key factors influencing the quality of ESG information disclosure. The findings reveal that external regulatory pressures, such as government oversight, the degree of association between enterprises and the government, and media attention, as well as internal company structures, financial characteristics, and the implementation of relevant policies, all exert a relatively significant impact on the quality of ESG information disclosure.