地区碳达峰压力与企业环境信息披露:激励还是迎合?

Regional carbon peak pressure and corporate environmental information disclosure:Incentive or catering?

利用城市级二氧化碳排放数据刻画各地区碳达峰压力的动态变化,探究了碳达峰压力对企业环境信息披露的激励效应与迎合效应。研究结果表明:“双碳”目标提出后,地区碳达峰压力能激励企业提升环境信息披露水平,树立绿色形象;但未能驱动企业同步扩大实际环境投入,在一定程度上引致企业“漂绿”,亦即存在迎合效应。机制分析表明:地区碳达峰压力通过提升政府环境监管与公众环境关注促进企业披露环境信息,而仅有公众环境关注对企业“漂绿”发挥中介作用。进一步研究发现:在中东部地区、非重污染行业和市值压力大的企业中,碳达峰压力对环境信息披露的提升作用更显著,对企业“漂绿”程度的影响更强烈。因此,环境监管部门应加快推进企业环境信息披露制度改革,提升生态环境治理现代化水平,企业应紧抓绿色发展机遇,切实改善环境绩效。

This paper,by using city-level carbon dioxide emission data,describes the dynamic change of carbon peak pressure in different regions,and explores the incentive and catering effects of carbon peak pressure on corporate environmental information disclosure.The results show that after the"dual carbon"goal is proposed,the regional carbon peak pressure can motivate enterprises to improve the level of environmental information disclosure and establish a green image,which however fails to drive enterprises to simultaneously expand the actual environmental investment,and even to a degree has caused enterprises’"greenwashing",that is,the catering effect.Mechanism analysis shows that regional carbon peak pressure promotes the disclosure of environmental information by improving government environmental supervision and public environmental concern,while only public environmental concern plays an intermediary role in the"greenwashing"of enterprises.Further research shows that in the central and eastern regions,non-heavy polluting industries and enterprises with high market value pressure,the carbon peak pressure has a more significant effect on the improvement of environmental information disclosure,and a stronger impact on the degree of"greenwashing"of enterprises.Therefore,the environmental regulatory authorities should accelerate the reform of the corporate environmental information disclosure system and improve the modernization level of ecological environmental governance.Enterprises should seize the opportunity of green development and effectively improve environmental performance.