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The Role of Sustainable Development in Promoting China’s Distinctive ESG Information Disclosure System
- 1 Anhui University of Finance and Economics
- 2 Anhui University of Finance and Economics
- 3 Anhui University of Finance and Economics
- 4 Anhui University of Finance and Economics
* Author to whom correspondence should be addressed.
Abstract
The sustainable development strategy plays a promoting role in the ESG disclosure system with Chinese characteristics, primarily stemming from the nation’s adaptation to globalization trends, the demand for sustainable development, and the changing needs of global investors. Its purpose is to encourage enterprises to focus on and actively fulfill responsibilities in environmental, social, governance, and other aspects, enhance transparency and trustworthiness, promote efficient allocation of capital, thus fostering the sustainable development of the entire socialist market economy system. Through integration of relevant data and understanding and analysis of the Chinese distinctive ESG information disclosure system, it is concluded that the system can promote the sustainable development of enterprises, maintain the stability of capital markets, and enhance public welfare, aligning with the objectives of sustainable development strategy. The promotion of the improvement and development of China’s distinctive ESG information disclosure system is based on the “dual carbon” target of sustainable development strategy.
Keywords
ESG information disclosure, sustainable development strategy, Chinese socialist market economy system, globalization, “dual carbon” target
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Cite this article
Cao,Z.;Zeng,B.;Xiao,S.;Shi,X. (2024). The Role of Sustainable Development in Promoting China’s Distinctive ESG Information Disclosure System. Journal of Applied Economics and Policy Studies,5,9-14.
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Journal：Journal of Applied Economics and Policy Studies
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