ESG Display Survey and Research of Infrastructure Construction and Investment Regulation-Based on Text Analysis Method
ESG(Environmental,Social,and Governance)principles can offer innovative perspectives to the realm of infrastructure construction and investment.However,the display of ESG in current policies and projects in China remains uncertain,consequently impacting the decision-making process surrounding the adoption of ESG tools in infrastructure construction and investment regulation.Therefore,there is a compelling need for comprehensive investigative research in this area.This paper aims to scrutinize the display of ESG within China's infrastructure construction and investment regulation through the analysis of regulatory policies and project reports.The findings are as follows:Firstly,both regulatory policies and project reports exhibit consideration of ESG,albeit with variations in depth and comprehensiveness across the three dimensions.Secondly,environmental impact regulation policies demonstrate the highest level of completeness.Social impact regulation encompasses aspects such as safety assessment and occupational health pre-assessment,yet certain issues remain unaddressed,being subtly"hidden".Concurrently,project governance regulation policies show the greatest volume,signaling the establishment of a self-invested project governance system.Lastly,text analysis of project reports indicates relatively well-defined objectives and measures pertaining to environmental impact responsibility.Conversely,the objectives and measures concerning social impact responsibility display considerable disparities across different projects.Moreover,the objectives and measures associated with project governance responsibility primarily emphasize compliance requirements,lacking the autonomy motivation of project manager.In essence,this study presents an overview of ESG performance within infrastructure investment regulation,thereby serving as a foundational reference for the integration of globally endorsed investment concepts into the domain of infrastructure predominantly dominated by public investment in China.
infrastructureconstruction and investment regulationregulatory policiesESG performancetext analysis
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