The Relationship Between Corporate ESG Disclosure and the Chinese-style Modernization
- 1 Hubei University of Economics, No.8 Yangqiao Lake Avenue, Canglong Island Economic Development Zone, Jiangxia District, Wuhan City, Hubei Province
* Author to whom correspondence should be addressed.
Abstract
Against the backdrop of contemporary Chinese-style modernization, the state has placed increasing demands on enterprises to adhere to the principles of Environmental (E), Social (S), and Governance (G). Consequently, enterprises will face more challenges and transformations. This paper employs a multi-case study method, focusing on the sample data of Wahaha Group and Ant Group. Based on Wahaha Group's 2020 Social Responsibility Report and Ant Group's 2022 Sustainable Development Report, the paper analyzes the impact and role of corporate ESG disclosure on Chinese-style modernization from the perspectives of people-oriented, shared prosperity, and green development. The paper argues that Wahaha Group and Ant Group fully embody the new development concept of "coordination, greenness, and sharing" in their disclosure of ESG information, which has a close relationship with "Chinese-style modernization" and holds significant importance in contemporary China.
Keywords
Corporate ESG Disclosure, Chinese-style Modernization, People-oriented, Shared Prosperity, Green Development
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Cite this article
Xu,Y. (2024). The Relationship Between Corporate ESG Disclosure and the Chinese-style Modernization. Advances in Economics, Management and Political Sciences,121,31-36.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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Volume title: Proceedings of the 8th International Conference on Economic Management and Green Development
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