The Manifestations and Impacts of Environmental, Social, and Governance "Greenwashing" and "Black Box" in Financial Reporting and Investment Decisions
財務報告と投資判断における環境・社会・ガバナンス「グリーンウォッシング」と「ブラックボックス」の顕在化と影響 (AI 翻訳)
Yucheng Li
🤖 gxceed AI 要約
日本語
本論文は、ESGグリーンウォッシングと「ブラックボックス」現象が財務報告と投資判断に与える影響を分析。BPとH&Mの事例研究を通じて、ESG評価と企業開示の乖離が資本配分を歪めることを示す。標準化、規制監督、第三者検証、新技術の活用など、透明性と説明責任を高めるための提言を行う。
English
This paper examines ESG greenwashing and the 'black box' phenomenon in financial reporting and investment decisions. Through case studies of BP and H&M, it reveals significant discrepancies between ESG ratings and actual corporate disclosures, distorting capital allocation. The study proposes actionable recommendations for standard harmonization, regulatory oversight, third-party verification, and technology adoption to enhance transparency and accountability in sustainable 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
日本のGX文脈では、SSBJによるサステナビリティ開示基準の策定が進む中、本論文はグリーンウォッシング防止の重要性を示唆。特に金融商品取引法に基づく開示との整合性が課題となる。
In the global GX context
Globally, as mandatory ESG disclosure regimes like CSRD and SEC climate rules advance, this paper underscores the risks of greenwashing and the need for robust verification frameworks to protect investor confidence and ensure efficient capital markets.
👥 読者別の含意
🔬研究者:This paper provides empirical evidence of greenwashing and rating discrepancies, useful for further research on ESG disclosure quality.
🏢実務担当者:Corporate sustainability teams can learn from the case studies about the risks of selective disclosure and the importance of aligned reporting.
🏛政策担当者:Regulators should note the recommendations for standard harmonization and third-party assurance to combat greenwashing.
📄 Abstract（原文）
Environmental, social, and governance (ESG) factors have garnered much attention in response to emerging sustainability concerns. The so-called "ESG black box" and all the greenwashing happening around it are big problems. This is mainly because there's no clear standard, enough transparency, or consistent way of reporting and rating ESG efforts. This study analysed the manifestations and impacts of these issues on financial reporting and investment decisions. This study looked at case studies of BP and H&M and found big differences between what rating agencies say and what companies actually reveal in their sustainability reports. It shows that some information is shared selectively, not all of it. The findings prove that misleading ESG communication and opacity will not only undermine investor confidence, but also distort capital allocation. To address these issues and promote the creation of a more transparent and accountable sustainable finance ecosystem, the study concludes by making actionable recommendations. These things include making standards around the world more consistent, better rules to oversee the process, third-party checks to ensure quality, and using new technology. This paper provides suggestions for the development of related enterprises.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.54097/w77b0y04first seen 2026-05-15 18:27:15
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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。