The Quality of Carbon Accounting Information Disclosure: A Case Study of Baosteel Co., Ltd

Against the backdrop of increasingly severe global climate change, carbon accounting information disclosure has become an important tool for enterprises to fulfill their environmental responsibilities. This paper takes Baosteel Co., Ltd. as an example to study the quality of its carbon accounting information disclosure, analyze the existing problems and their causes, and put forward improvement suggestions. By analyzing Baosteel’s sustainable development reports and annual reports from 2020 to 2024, this study finds that the company’s carbon accounting disclosure had deficiencies in completeness, accuracy, relevance, and comparability, with prominent issues including the lack of Scope 3 emission data and ambiguous emission reduction targets. The research results show that insufficient policy drive, cost-benefit trade-off, and imperfect internal management mechanisms are the main reasons for the low quality of disclosure. This study suggests that enterprises enrich the content of carbon accounting disclosure and standardize disclosure formats and channels; meanwhile, policymakers should expedite the formulation of unified carbon accounting standards. This research not only fills the case gap of carbon accounting information disclosure in the steel industry but also provides theoretical support and practical reference for the low-carbon transformation of the industry.