The Paradox of ESG Performance in the Financial Sector: An ESG Review of Greenwashing Risks and Mitigation Strategies from the Perspective of Legitimacy Theory
金融セクターにおけるESGパフォーマンスのパラドックス：正当性理論の観点から見たグリーンウォッシュリスクと緩和戦略のESGレビュー (AI 翻訳)
Hendri Ka Utama, Yulia Saftiana
🤖 gxceed AI 要約
日本語
本研究は、金融セクターにおけるグリーンウォッシュのメカニズムを正当性理論の観点から系統的にレビューした。22件の文献分析の結果、86%がシステム的な失敗と象徴的コンプライアンスを示し、実質的な緩和策（取締役会の多様性、外部保証）が効果的であることが判明した。AIによる早期検出の可能性も示唆されている。
English
This systematic literature review (22 articles, 2020-2026) examines greenwashing in the banking sector through legitimacy theory. It finds that 86% of studies document systemic failures and symbolic compliance, while substantive mitigation strategies (board gender diversity, external assurance) are more effective than regulatory measures. The study calls for a shift from symbolic to substantive actions and suggests AI for early greenwashing detection.
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
日本ではSSBJ開示基準の導入が進む中、金融機関のグリーンウォッシュ防止は実務上の重要課題。本レビューは実質的な緩和策の有効性を示しており、日本の金融規制や統合報告書の改善に示唆を与える。
In the global GX context
Globally, greenwashing in banking undermines the credibility of ESG claims under TCFD, ISSB, and CSRD frameworks. This review provides evidence that substantive actions (e.g., board diversity, external assurance) are more effective than compliance-based regulation, supporting the transition toward transparency in sustainable finance.
👥 読者別の含意
🔬研究者:Systematic review of greenwashing mechanisms and legitimacy theory in banking, with future research directions including AI-based detection.
🏢実務担当者:Insights on effective mitigation strategies: board gender diversity and external assurance can reduce greenwashing risks beyond regulatory compliance.
🏛政策担当者:Evidence that symbolic compliance is insufficient; policies should incentivize substantive actions and consider AI tools for monitoring.
📄 Abstract（原文）
The rapid growth of sustainable investment fuels the paradox of ESG performance in the banking sector, where high sustainability scores are often out of sync with real environmental impacts. The main problem of this study is the rampant practice of greenwashing and legitimacy washing that threatens the stability of the financial system due to capital misallocation. This research aims to synthesize the mechanism of greenwashing in the banking sector and evaluate the effectiveness of its mitigation strategies through the lens of legitimacy theory. Using the Systematic Literature Review (SLR) method through the PRISMA protocol, 22 reputable primary articles from the 2020-2026 period were analyzed. The results showed that the majority of the literature (86%) documented systemic failures and symbolic compliance in order to maintain the market's reputation. Key findings identify that substantive mitigation strategies, such as board gender diversity and external assurance, are more effective in suppressing information manipulation than regulations that result in administrative compliance. This study concludes the need for a transition from symbolic management to substantive action to close the legitimacy gap. Suggestions for future research include the use of AI technology in the early detection of greenwashing and empirical testing of Legitimacy and Mitigation Integration Models
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.71417/j-sime.v2i4.1737first seen 2026-07-16 06:03:49
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