Chinese Sustainable Development Review

ESG refers to the three sustainability factors of Environmental, Social, and Governance, and is a framework for assessing and measuring corporate's performance and impact in these three areas. China's ESG practices and development have received increasing attention and promotion in recent years. However, compared to the relatively mature ESG disclosure and rating systems in advanced countries in Europe and the United States, China's ESG system still faces challenges such as incomplete information disclosure and inconsistent rating standards. This paper focuses on analyzing the carbon emission levels and ESG disclosure within China's enabling and driving industries. It also takes petroleum and petrochemical, food and beverage, textile and apparel, automobile manufacturing, and electronic and electrical appliances in the enabling industries as representatives analyzes the differences in ESG reports between domestic and foreign enterprises in the corresponding industries, and clarifies the key indicators for ESG ratings. Based on these findings, this study formulates an industry-specific ESG rating index matrix that is tailored to China's national conditions, and emphasizes the weight of “E” to highlight the contribution of corporate ESG to the dual-carbon goal and circular economy, providing a valuable reference for The rating index matrix helps to solve the problems of incomplete information disclosure and inconsistent rating standards in China's ESG practice and promotes the enabling industry in China to achieve better results in sustainable development.