The Relationship Between Corporate ESG Disclosure and the Chinese-style Modernization

Against the backdrop of contemporary Chinese-style modernization, the state has placed increasing demands on enterprises to adhere to the principles of Environmental (E), Social (S), and Governance (G). Consequently, enterprises will face more challenges and transformations. This paper employs a multi-case study method, focusing on the sample data of Wahaha Group and Ant Group. Based on Wahaha Group's 2020 Social Responsibility Report and Ant Group's 2022 Sustainable Development Report, the paper analyzes the impact and role of corporate ESG disclosure on Chinese-style modernization from the perspectives of people-oriented, shared prosperity, and green development. The paper argues that Wahaha Group and Ant Group fully embody the new development concept of "coordination, greenness, and sharing" in their disclosure of ESG information, which has a close relationship with "Chinese-style modernization" and holds significant importance in contemporary China.