Impact of ESG Disclosure Falsification on Enterprises - A Case Study of Jiangsu Shuntian

DOI

10.2991/978-94-6463-748-9_62How to use a DOI?

Keywords

ESG Disclosure; Forgery; Corporate Responsibility; Investor Confidence; Green Finance

Abstract

In the context of global sustainable development, the importance of ESG disclosure has become increasingly prominent, and corporate transparency and social responsibility have become the focus of attention for investors and regulators. Taking Jiangsu Shuntian’s ESG disclosure falsification incident as an example, this study analyses in depth the background and reasons of the incident and its impact on the capital market. By exploring Jiangsu Shuntian’s false disclosure on environmental protection, employee welfare and social responsibility, it reveals how market pressure, immature ESG system, lack of regulatory awareness and profit-driven factors contribute to the occurrence of information falsification. Unfortunately, results show that falsification not only invites legal liabilities with exorbitant fines levied as punishment, but also greatly diminishes investor trust while sullied the corporate brand image, triggering internal reflection and strengthening of ESG management systems internally. Further, regulators respond to the incidents by tightening scrutiny over ESG disclosure, leading to the market’s take towards greater attention to transparency and responsibility. The study articulates the significance of transparency and authenticity of information in sustainable investment, while other useful references to enhance corporate and policy-making efforts for a more accountable green finance regime are proposed.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Qing Chang
PY  - 2025
DA  - 2025/07/03
TI  - Impact of ESG Disclosure Falsification on Enterprises - A Case Study of Jiangsu Shuntian
BT  - Proceedings of the 2025 International Conference on Financial Risk and Investment Management (ICFRIM 2025)
PB  - Atlantis Press
SP  - 551
EP  - 558
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-748-9_62
DO  - 10.2991/978-94-6463-748-9_62
ID  - Chang2025
ER  -