ESG肇始于企业社会责任（CSR），涵盖了企业在环境（E）、社会（S）和治理（G）这三个方面的社会责任表现。CSR的兴起和发展早于ESG，而ESG则在CSR的内涵基础上有了进一步的发展。ESG对企业的引导作用体现于其具体的运行路径，具体表现为“ESG信息披露——ESG评级——ESG投资”的过程。其中，ESG信息披露是整个过程的起点。由于上市公司在证券市场中的地位较为突出，其ESG信息披露问题也成为证券法规范所规制的重点对象，这就引发了上市公司ESG信息披露中强制性和自愿性的模式选择问题。本文认为，ESG信息披露模式的基本要素应当包括以下三方面内容：第一，ESG信息披露标准；第二，ESG信息披露的配套措施，包括评级体系和鉴证体系等；第三，ESG信息披露违法违规行为所应承担的法律后果。通过梳理我国上市公司ESG相关的规范性文件和行业规范，可以发现我国的上市公司ESG信息披露制度有以下两个方面的特征：第一，对于上市公司ESG信息披露的相关规范效力层级偏低；第二，对于上市公司ESG信息披露的模式呈现出由“自愿”发展为“强制”的趋势。当前我国上市公司现行ESG信息披露的总体特征表现为“自愿为主，强制为辅”，主要存在以下三方面缺陷：第一，上市公司ESG信息披露规则对“S”和“G”的规定不足；第二，上市公司ESG信息披露标准的规定不足；第三，上市公司未全面履行ESG信息披露法律后果的规定不足。本文认为ESG强制信息披露在我国具有适用上的合理性，对于这一问题的分析可基于经济学和比较法的视角。基于以上分析，本文就我国当前ESG强制信息披露提出相应的建构思路，包括法律规制的内部完善和外部完善两个方面。关于法律规制的内部完善，包括概念话语、披露标准和法律后果三方面；关于法律规制的外部完善，包括评级体系、鉴证机制和理念建设三方面。ESG强制信息披露固然存在一定局限性，但作为ESG领域的主流趋势，仍然具有制度建构层面上的合理性。

ESG originated from Corporate Social Responsibility (CSR), covering the social responsibility performance of enterprises in three aspects: Environment (E), Society (S), and Governance (G). The rise and development of CSR predates ESG, and ESG has further developed on the basis of the connotation of CSR. The guiding role of ESG on enterprises is reflected in its specific operational path, which is manifested in the process of "ESG information disclosure ESG rating ESG investment". Among them, ESG information disclosure is the starting point of the entire process. Due to the prominent position of listed companies in the securities market, their ESG information disclosure has become a key regulated object under securities law, which has led to the issue of mandatory and voluntary mode selection in ESG information disclosure of listed companies. This article believes that the basic elements of the ESG information disclosure model should include the following three aspects: first, ESG information disclosure standards; Secondly, supporting measures for ESG information disclosure, including rating systems and assurance systems; Thirdly, the legal consequences that ESG information disclosure violations should bear. By reviewing the normative documents and industry norms related to ESG of listed companies in China, it can be found that the ESG information disclosure system of listed companies in China has the following two characteristics: firstly, the effectiveness level of the relevant regulations on ESG information disclosure of listed companies is relatively low; Secondly, the model of ESG information disclosure for listed companies is showing a trend from "voluntary" to "mandatory". The overall characteristics of the current ESG information disclosure of listed companies in China are "voluntary as the mainstay, mandatory as a supplement", which mainly have the following three shortcomings: firstly, the ESG information disclosure rules of listed companies have insufficient provisions for "S" and "G"; Secondly, the regulations on ESG information disclosure standards for listed companies are insufficient; Thirdly, the legal consequences of listed companies failing to fully comply with ESG information disclosure regulations are insufficient. This article believes that ESG mandatory information disclosure is reasonable in its application in China, and the analysis of this issue can be based on the perspectives of economics and comparative law. Based on the above analysis, this article proposes corresponding construction ideas for the current ESG mandatory information disclosure model in China, including two aspects: internal improvement of legal regulations and external improvement. Regarding the internal improvement of legal regulations, including conceptual discourse, disclosure standards, and legal consequences; The external improvement of legal regulations includes three aspects: rating system, authentication mechanism, and conceptual construction. Although ESG mandatory information disclosure has certain limitations, as the mainstream trend in the ESG field, it still has rationality at the level of institutional construction.