The Impact of Environmental Information Disclosure on Corporate Green Innovation

Abstract

As apart of society, the development of enterprises is closely related to environmental protection. As an important way of information transmission, environmental information disclosure plays an important role in corporate green innovation. This paper will explore the impact of environmental information disclosure on corporate green innovation, taking S Company as an example, and analyze the mechanism, influencing factors and challenges. The study found that environmental information disclosure can improve the green innovation performance of enterprises, improve environmental transparency and social responsibility, and promote enterprises to increase investment in environmental protection and sustainable development. In addition, environmental information disclosure can significantly promote the growth of enterprises' green innovation, encourage enterprises to take more green measures in technology research and development and product innovation, and promote enterprises to transform to green and low-carbon development. However, there are also some challenges in environmental information disclosure. Environmental information disclosure leads to the decline of green innovation quality by inducing short-term behavior of enterprises, and the asymmetry of environmental Information disclosure. These problems need to be solved by the joint efforts of the government, enterprises and all sectors of society. Therefore, to strengthen environmental information disclosure and promote enterprise green innovation, it is necessary for relevant government departments to strengthensupervision and improve relevant laws and regulations. Meanwhile, enterprises should also strengthen internal management, improve the transparency and quality of information disclosure, and jointly promote sustainable economic and social development.