The Weaponization of ESG Infrastructures and the Future of Green Finance
ESGインフラの武器化とグリーンファイナンスの未来 (AI 翻訳)
Annika Stenström
🤖 gxceed AI 要約
日本語
本論文は、ESGインフラ（報告基準、投資慣行、規制）が気候変動対策を促進する一方で、反ESG勢力によって武器化される可能性を分析する。欧州と米国における最近の事例（EUの持続可能性報告基準の縮小試み、米国の株主関与の境界をめぐる争い）を対比し、ノイズの多い公的な武器化と静かな技術的な武器化の形態を明らかにする。グリーンファイナンスの将来にとって重要な洞察を提供する。
English
This paper analyzes the weaponization of ESG infrastructures (reporting standards, investment practices, regulation) amid growing anti-ESG backlash. Contrasting recent cases in the EU and US—such as attempts to scale back sustainability reporting and contestations over shareholder engagement—it reveals both noisy public and quiet technical forms of weaponization. Offers critical insights for the future of green finance.
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や有報でのESG開示が進む中、本論文はESGインフラが政治的に利用されるリスクを警告する。日本の政策立案者や企業は、欧米の反ESG運動の手法を理解し、自国の開示制度の安定性を守るための示唆を得られる。
In the global GX context
As global disclosure standards (ISSB, CSRD, TCFD) face political pushback, this paper shows how ESG infrastructures become battlegrounds. It alerts policymakers and standard-setters to the risk of quiet technical manipulation and public opposition, offering a framework to safeguard green finance progress.
👥 読者別の含意
🔬研究者:Provides a nuanced framework for analyzing anti-ESG backlash and weaponization of infrastructure, with comparative cases from EU and US.
🏢実務担当者:Highlights the need for ESG professionals to anticipate and defend against political and regulatory attacks on disclosure and investment practices.
🏛政策担当者:Warns that ESG reporting and regulatory infrastructures can be weaponized, urging proactive design to resist political interference.
📄 Abstract（原文）
The trillion‐dollar green finance industry faces growing pushbacks from a range of actors. While criticisms vary—from portraying ESG as part of a “woke” agenda to highlighting risks of greenwashing—we now see mass departures from climate–finance initiatives, with asset managers coming under fire from regulators over ESG policies and activist shareholder groups pausing climate resolutions following investor hesitation. Taking stock of the current anti‐ESG movement, this paper discusses how actors battle it out over ESG infrastructures that facilitate or hinder ESG investing. ESG infrastructures, such as reporting standards, investment practices, and financial regulation, function as the “plumbing” of financial markets. This paper presents illustrative vignettes drawn from recent empirical cases, such as regulatory interventions attempting to scale back sustainability reporting standards in the European Union and contestations over the boundaries of ESG engagement for shareholders in the United States. While ESG infrastructures can contribute to altering the power dynamics of climate‐forcing and climate‐vulnerable asset owners, they can also be weaponized by actors seeking to obstruct climate mitigation. Forms of weaponization can be noisy and public or quiet over technical definitions. I contrast the backlash in Europe and the United States, showing how different actors seek to weaponize ESG infrastructures.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1111/1758-5899.70161first seen 2026-05-15 18:38:16
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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。