ESG Disclosure of Listed Companies in China’s Pharmaceutical Industry under the “Dual Carbon” Goal

DOI: https://doi.org/10.62517/jbm.202509201

Author(s)

Min Qi1,2,*, Mohammad Reevany Bustami2, Jiaxin Liu1

Affiliation(s)

1Department of Management, Tianjin University of Finance and Economics Pearl River College, Tianjin, China 2Center for Policy Research, University of Science Malaysia, Penang, Malaysia *Corresponding Author.

Abstract

As the problem of global climate change becomes increasingly serious, the Chinese government has proposed a “dual carbon” goal of achieving carbon peak by 2030 and carbon neutrality by 2060. Environmental, social and governance (ESG) is no longer an emerging issue, and governments, regulators, investors and consumers are all placing different levels of demands on companies within this concept. The pharmaceutical industry is linked to national economies and people’s livelihoods, while at the same time being characterised by high environmental impact, high energy consumption and complex pollutant components, etc. Against the backdrop of the “double carbon” target, ESG disclosure by listed companies in the pharmaceutical industry is particularly important. Based on the existing literature and empirical data, this study analyses the status quo and problems of ESG disclosure of listed companies in China’s pharmaceutical industry, and puts forward countermeasures and suggestions to optimise ESG disclosure of listed companies in the pharmaceutical industry, in order to provide theoretical references and practical guidance for promoting the green transformation and high-quality development of China’s pharmaceutical industry.

Keywords

Dual-Carbon Goal; China’s Pharmaceutical Industry; Listed Companies; ESG Disclosure; Quality Assessment

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