How green credit affects corporate environmental information disclosure: evidence from new energy listed companies in China

Abstract

IntroductionEnvironmental information disclosure is an important means to protect the ecological environment, and global climate change puts forward higher requirements for corporate environmental information disclosure. New energy companies play an important role in addressing climate change and environmental information disclosure, and should strengthen environmental information disclosure and actively participate in ecological environmental protection.MethodsThis paper selected Chinese new energy listed companies as the research sample to investigate the impact of green credit on corporate environmental information disclosure, and proposed and empirically tested the hypothesis on the mechanism of the effect of green credit on environmental information disclosure.ResultsThe regression results indicated that green credit can effectively improve the quality of corporate environmental information disclosure, and this conclusion is still significantly valid after robustness test; The impact mechanism tests showed that green credit can change the level of corporate environmental information disclosure by controlling company size. This paper also tested the heterogeneity and adjustment effects, showing that the relationship between green credit and environmental information disclosure are affected by multiple factors.DiscussionsCombining the research of this paper and previous research results, it is found that the positive impact of green credit on corporate environmental information disclosure has been confirmed by academic research and practical verification. However, the implementation effect of green credit policy will be affected by the economic level, regional differences, and the comprehensive impact from companies, financial institutions and government departments.

Can Green Credit Improve the Innovation of Enterprise Green Technology: Evidence from 271 Cities in China

“…By increasing the loan utilization rate and lowering the loan utilization threshold, green credit will help promote green technology innovation. With the implementation of green credit policies, enterprises with strong environmental responsibility awareness, high environmental performance, and environmental friendliness will receive more loan funds, thereby creating conditions for their green development [35][36][37]. On the contrary, if a company has characteristics such as heavy environmental pollution, high pollutant emissions, and outdated environmental technology, it is not easy to obtain green credit [38][39][40].…”