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transitioned from voluntary disclosure to mandatory disclosure, and carbon emission information must be disclosed in the content requirements of environmental information disclosure according to law, but there are few related contents related to water information disclosure, and there are no clear requirements. As a result, enterprises cannot deal with the "internal and external response" problem of water information disclosure, that is, the imbalanced ecological contradiction between enterprises and nature, and human society. In the process of papermaking production and sales activities, enterprises gradually expose the low water efficiency and slow update and iteration of water-saving technology, resulting in high production water costs, and increasing the risk of enterprises taking the social responsibility of ecological water as a marketing strategy and public rela- tions means of "greenwashing"; It cannot meet the individualization of stakeholders and their needs, and it is not conducive to the role of the market in allocating resources 6 . In view of the water information disclosure reports of existing enterprises, how to scientifically and objectively evaluate the quality of enterprise water information disclosure, and the disclosure of enterprise water informa- tion has become a hot spot for scholars. At present, the establishment of an applicable model of enterprise water information disclosure quality has become the most urgent need at present, this paper constructs an evaluation index system of enterprise water information disclosure by sorting out relevant literature and results at home and abroad, and at the same time, based on the quality characteristics of enterprise accounting information disclosure as a research framework. Finally, the improved projection tracing model is used to analyze the water information disclosure quality of paper and paper products enterprises and obtain the final evaluation value. This paper and paper products industry is trying to analyze whether China’s paper and paper products industry has got rid of water-consuming production methods, aiming to better summarize the current results and problems of intensive water conservation in China’s paper and paper products industry. The theoretical contribution of this paper is fourfold, first, the study is based on the high water consump- tion and high pollution light industry—Paper and paper products industry as an example, the introduction of sustainable development theory and environmental accounting theory and other research methods, through theoretical analysis from internal factors and external factors two perspectives a comprehensive and systematic analysis of the connotation of enterprise water information disclosure, The impact of corporate water disclo- sure on the evaluation of the company’s own water environment and corporate value is explored to provide a theoretical basis for corporate water management and sustainable innovation; then, that is, a corporate water disclosure indicator evaluation system is constructed, which will help stakeholders to assess the understanding of optimal management of water resources within the company, bridging the gap between existing studies in the evaluation of the quality of corporate water disclosure; Next, this paper constructs a model based on projec- tion tracing method, which can overcome the interference of subjective factors and improve the performance of computing more accurately and scientifically, and improve the algorithm as an accelerated genetic algorithm encoded with real numbers, so as to speed up the convergence speed, improve the accuracy and robustness of the model, and finally find the best projection value of the sample, rank the quality of corporate water disclosure, and solve the subsequent corporate water disclosure laying the foundation for solving the problem; Finally, this paper systematically proposed enterprise water information disclosure index system, based on the quality characteristics of enterprise environmental accounting information, from the four principles of relevance, reli- ability, effectiveness and comparability, to build a new paper and paper products enterprise water information disclosure Indicator system, enrich the existing literature of water information disclosure system in each level of indicators, improve the practicality of enterprise water information disclosure, and thus has a theoretical contribution to provide planning and decision-making for the sustainable and high-quality development of enterprise water resources cycle. The rest of the paper is structured as follows: Sect. “Literature reviews” provides an overview of the factors and quality evaluation methods that affect the disclosure of corporate water information. The third section constructs the enterprise water information disclosure quality evaluation index system and model, scores based on the four principles of accounting information quality, and adopts the improved projection tracing model method. In the fourth section, the horizontal and vertical process changes of water information quality of China’s A-share papermaking and paper products enterprises are analyzed using weight indicators and final evaluation values. Finally, the research conclusions are drawn and recommendations are made for the future water management of the enterprise. Literature reviews Only high-quality disclosure of water resources information can enterprises achieve long-term sustainable devel- opment. Most of the domestic and international literature focus on the current situation of corporate water information disclosure and the impact mechanism, expressed in the company’s internal and external factors. From the perspective of internal factors, corporate water disclosure is motivated by "internal incentives" and "own risk" considerations 7,8 . Internal incentives are mainly in the form of corporate governance and business performance. Liu et al. 9 used a sample of 781 listed companies to clarify that water information disclosure through financing constraints can significantly improve financial quality, thus establish a good reputation and help enterprises develop capital markets for green credit; Japanese scholars Burritt et al. 10 conducted an empiri- cal study on 100 enterprises’ water information disclosure and explored the impact of corporate water risk awareness, media exposure, and ownership dispersion on corporate water disclosure behavior. Malik et al. 11 constructed environmental information disclosure level indicators based on listed companies in China to analyze the significance of the environment on corporate performance at macro and micro levels. Liao et al. 12 , Clarkso et al. 13 and Martinez 14 found that corporate information disclosure was significantly and negatively related to environmental performance. It means that enterprises found to have poor business performance in the early stage should disclose environmental information promptly to avoid future penalties for not fully disclosing it.
Scientific Reports |
https://doi.org/10.1038/s41598-023-39307-y
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(2023) 13:12225 |
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