How climate risk shapes corporate greenwashing: the role of supply chain disruption and digital governance
気候リスクが企業のグリーンウォッシュをどのように形成するか：サプライチェーンの混乱とデジタルガバナンスの役割 (AI 翻訳)
Fubing Fang, Yihan Shao, Huiling Zheng, Xuchen Luo, Yuanke Lang
🤖 gxceed AI 要約
日本語
本研究は、2010年から2024年の中国A株上場企業のパネルデータを用いて、気候リスクが企業のグリーンウォッシュ（環境開示と実質的なグリーン行動のギャップ）と正の相関があることを実証。サプライチェーンの混乱はこの関係を強め、デジタルガバナンスは弱める。高汚染産業やサプライチェーン集中度の高い企業で効果が顕著。
English
This study uses panel data from Chinese A-share listed firms (2010-2024) to show that climate risk is positively associated with corporate greenwashing (the gap between environmental disclosure and substantive green action). Supply chain disruption strengthens this association, while digital governance weakens it. Effects are stronger in high-pollution industries and firms with high supply chain concentration.
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
日本企業にとっても、気候リスクがグリーンウォッシュを誘発する可能性は重要。SSBJ基準や有報での開示の質に影響し、サプライチェーン管理やデジタルガバナンスの整備が開示の信頼性向上につながる示唆を提供。
In the global GX context
This paper contributes to global greenwashing literature by identifying climate risk as a driver and highlighting the moderating roles of supply chain disruption and digital governance. Relevant for TCFD/ISSB disclosures and regulatory efforts to ensure credibility of climate communications.
👥 読者別の含意
🔬研究者:Provides empirical evidence on determinants of greenwashing, with novel moderators (supply chain disruption, digital governance) and a climate risk lens.
🏢実務担当者:Highlights need to strengthen digital governance and manage supply chain disruptions to avoid greenwashing risks under climate pressure.
🏛政策担当者:Suggests that climate risk may incentivize greenwashing, requiring stronger oversight of disclosure-action consistency.
📄 Abstract（原文）
This study examines whether climate risk is associated with higher corporate greenwashing using panel data on Chinese A-share listed firms from 2010 to 2024. We define corporate greenwashing as the gap between environmental disclosure and substantive green action, and measure climate risk using a city-level composite index of physical climate exposure matched to firms’ registered locations. The results show that climate risk is positively associated with corporate greenwashing. This finding remains robust when the core explanatory variable is replaced, when climate risk is lagged, when the sample period is shortened, and when an instrumental-variable approach based on historical climate anomalies is employed. Moderating analyses show that supply chain disruption strengthens this positive association, whereas digital governance weakens it. Additional tests indicate that climate risk increases environmental disclosure but reduces substantive green action, thereby widening the disclosure-action gap that defines greenwashing. The effect is also stronger in high-pollution industries and among firms with high supply chain concentration. Overall, the evidence suggests that climate risk is associated not only with firms’ operating environment but also with the credibility of their environmental communication.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.3389/fenvs.2026.1844699first seen 2026-06-29 08:16:32
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