Do CEOs’ political views shape climate commitments? Evidence from emissions pledges
CEOの政治的見解は気候変動への取り組みを形作るか？排出削減誓約からの証拠 (AI 翻訳)
Lisa Anderson, L. Emily Hickman
🤖 gxceed AI 要約
日本語
本論文はCEOの政治的志向と企業の気候変動誓約の質との関連を調査。共和党支持CEOの企業は誓約の野心度と透明性が低いことを発見。政治志向は誓約の有無より質に影響し、グリーンウォッシングの可能性を示唆。
English
This paper investigates whether CEO political orientation affects the quality and transparency of corporate climate pledges. Using data from 2015-2023, it finds that Republican-leaning CEOs' firms have less ambitious and less transparent pledges, but are equally likely to make a pledge, suggesting greenwashing. The results have implications for investors assessing ESG credibility.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本の気候関連開示（SSBJ）においても、経営トップの姿勢が開示の質に影響を与える可能性を示唆。グリーンウォッシング防止の観点から、CEOのインセンティブと誓約の信頼性を評価する重要性を強調。
In the global GX context
This study adds to global disclosure scholarship by linking CEO ideology to pledge quality, relevant for TCFD/ISSB frameworks that emphasize governance and credibility of climate commitments. It provides evidence for investors and regulators to scrutinize greenwashing risks in voluntary pledges.
👥 読者別の含意
🔬研究者:Extends upper echelons theory to climate pledges; first to empirically link CEO politics and pledge quality.
🏢実務担当者:Investors can use these insights to evaluate the credibility of climate pledges based on CEO political alignment.
🏛政策担当者:Suggests disclosure standards may need to account for governance factors to mitigate greenwashing, relevant for SSBJ/ISSB implementation.
📄 Abstract（原文）
Purpose This paper examines whether CEO political orientation is associated with firms’ climate-related pledging behavior, with particular emphasis on the quality, scope and potential for greenwashing in greenhouse gas emissions reduction commitments. Design/methodology/approach Incorporating CEO’s individual political contributions, corporate climate pledges and their characteristics, and both CEO- and firm-level controls, our sample includes 4,636 firm-quarter observations over the period 2015 to 2023. We utilize logistic, ordinary least squares (OLS), and ordered probit regression models to examine the association between CEO political orientation and the quality of corporate climate commitments. Findings Consistent with upper echelons theory, we find that climate pledges made by Republican-leaning CEOs are, on average, less ambitious and less transparent than those made by firms led by Democrat-leaning CEOs. At the same time, CEO political orientation is not associated with the likelihood that a firm makes any climate pledge, consistent with greenwashing behavior affecting the quality of pledges rather than the overall rate of pledging. Practical implications Our study’s insights regarding the credibility of climate pledges can aid investors when integrating Environmental, Social and Governance information into their decisions. Social implications In a time of political polarization, views of climate change are extreme and opposing. Yet, the scientific consensus is that it poses a critical threat to business, to society and to the planet. With business playing a major role in greenhouse gas emissions, CEOs will be pivotal in addressing climate change as demonstrated by the results of our research. Originality/value This study is the first to investigate voluntary climate-related pledges by firms and the effect of CEO politics on pledging behavior.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1108/mf-12-2025-1020first seen 2026-06-22 04:49:39
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