School of Management, Xi’ an University of Science and Technology

为系统考察分析我国上市公司ESG评级现状情况,以2018—2022年内参与Wind、华证、富时罗素、商道融绿、盟浪ESG评级的上市公司为研究样本,采用定性分析法从ESG评级指标体系、企业数量、行业分布、公司性质、上市板块、地区分布等方面比较分析我国ESG评级现状。研究发现:各机构ESG评级体系中一级指标选取较为统一,二级指标选择上具有差异性;参与ESG评级的企业集中于制造业,以民营企业居多,ESG评级等级主要集中于B等级,A、C等级分布存在差异性,呈现出“中间多,两边少”的特点,各机构参与ESG评级的企业主要位于东部地区。基于以上结论,提出应加快实现“本土化”ESG评级体系发展,完善我国ESG信息披露统一指引和加大监管力度、充分发挥媒体等外部治理作用的建议。

In order to systematically examine and analyze the current situation of ESG ratings of listed companies in China, this paper takes the listed companies participating in the ESG ratings of Wind, Si- no-Securities Index, FTSE Russell, SynTao Green Finance, and Susallwave during the period of 2018— 2022 as the research samples, and adopts qualitative analysis method to comparatively analyze the cur- rent situation of China’ s ESG ratings in terms of ESG ratings index system, number of enterprises, in- dustry distribution, nature of the company, listed segments, and regional distribution. rating status. The study found that: the selection of primary indicators in the ESG rating system of each organization is rel- atively uniform, and there are differences in the selection of secondary indicators; enterprises participat- ing in ESG rating are concentrated in the manufacturing industry, and most of them are private enterpri- ses, and the ESG rating level is mainly concentrated in the B level, and there are differences in the dis- tribution of the A and C levels, which shows the characteristics of “ more in the middle and less in the two sides” . The enterprises participating in ESG rating are mainly located in the eastern region. Based on the above conclusions, it is proposed to accelerate the development of “ localized” ESG rating sys- tem, improve the unified guidelines for ESG disclosure in China, and increase the supervision and give full play to the role of external governance such as the media.

国家社会科学基金项目“放权改革、控制权配置与企业并购中CEO腐败治理的理论与实证研究”(17BGL060);陕西省社会科学基金项目“陕西省高新技术产业创新链与产业链融合机制研究”(2021R033)