ESG Information Disclosure in China’s New Energy Vehicle Industry: A case study of BYD

Abstract

This study examines the importance of corporate sustainable development and its ESG (environmental, social, and governance) disclosure in the context of global climate change and resource scarcity. Taking BYD, a leading company in China’s new energy vehicle industry, as an example, this study analyzes the current status of its ESG disclosure. Although BYD has regularly published social responsibility reports since 2010 and has performed well in global ESG ratings, China’s ESG evaluation system is still relatively simple. It needs the support of comprehensive laws and regulations. This study examines BYD’s disclosure of environmental information, social responsibility, and corporate governance through case studies and points out the problems of selective reporting content and insufficient data support. Based on this, it is suggested that ESG legislation be strengthened, uniform disclosure standards be developed, China’s national conditions and dual-carbon targets be considered, and a third-party assessment mechanism be introduced to promote the high-quality development of new energy automotive enterprises and global green transformation.