Decarbonization as a Business Risk: Theoretical Insights and Empirical Evidence from the Automotive Sector
脱炭素化をビジネスリスクとして捉える：自動車セクターにおける理論的洞察と実証的証拠 (AI 翻訳)
Maurizio Pompella, Nicos Scordis
🤖 gxceed AI 要約
日本語
本論文は、脱炭素化を「邪悪な問題」として捉え、移行リスクの保険・資本市場への影響を理論的に検討。自動車産業の8社のESGデータとScope1-3排出量を用いた実証分析により、ESG開示と排出実績の乖離を示すデカップリング指標を開発。一部企業でグリーンウォッシングや戦略的不整合が確認され、ESG改善だけでは不十分で多面的リスク評価が必要と結論。
English
This paper conceptualizes decarbonization as a wicked problem, introducing a risk-based framework for transition risk. Using ESG data and Scope 1-3 emissions from eight global automotive firms (2017-2023), it develops a Decoupling Index to measure divergence between sustainability disclosure and emission performance. Findings reveal significant misalignments and potential greenwashing, concluding that ESG improvements alone are insufficient and a multidimensional risk approach is needed.
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
本稿のデカップリング指標は、SSBJ開示や移行金融の枠組みのもとで日本企業（特に自動車メーカー）が直面するグリーンウォッシングリスクを測定する手法として有用。ESGスコアと排出実績の乖離を可視化することで、実質的な脱炭素化を評価する新たな視点を提供する。
In the global GX context
This study contributes to global discussions on transition risk and greenwashing by offering a novel metric (Decoupling Index) that can be applied across sectors. It aligns with TCFD/ISSB frameworks by emphasizing the gap between disclosure and actual emission reductions, relevant for regulators and investors worldwide.
👥 読者別の含意
🔬研究者:This paper offers a theoretical framework and empirical method (Decoupling Index) for studying transition risk and greenwashing in carbon-intensive sectors.
🏢実務担当者:Corporate sustainability teams can use the Decoupling Index to assess and communicate the alignment of their ESG disclosures with emission performance.
🏛政策担当者:Regulators should note the evidence that ESG scores alone may mask inadequate decarbonization progress, supporting the case for mandatory emission reporting and transition plan audits.
📄 Abstract（原文）
Objective: The aim of this paper is to explore the financial and strategic implications of decarbonization from a business risk perspective. Starting from risk theory, insurance economics, and transition finance, we conceptualize decarbonization not as a linear optimization process, but as a wicked problem. We argue that firms face both tame and wild risks, and that transition risk occupies a hybrid position that challenges conventional insurance as well as capital market arrangements.Methods: To empirically assess whether these theoretical dynamics are explicit in corporate behavior, we focus on the automotive industry, which is most exposed to decarbonization pressures. By using ESG data (14 profile scores) and GHG emissions (Scope 1, 2, 3 – absolute and intensity-adjusted), we analyse eight global multinational companies from the automotive sector, from 2017 to 2023. We build a novel ESG-GHG Decoupling Index (DI), capturing the divergence between sustainability disclosure and emission performance.Results: Our findings highlight significant misalignments in some firms, suggesting reputational risk, strategic inconsistency, or greenwashing. We complement this with a Mahalanobis distance-based clustering, revealing instead patterns of convergence and divergence in emissions strategy.Conclusions: We conclude that ESG improvements alone are not sufficient indicators of true environmental transition, and argue for a multidimensional, risk-based framework to assess corporate decarbonization efforts.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.15388/ekon.2026.105.2.4first seen 2026-06-02 05:21:13 · last seen 2026-06-03 05:51:26
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。