GX & Decarbonization Research

Heng Zhao, Olayinka Moses, Muhammad Nurul Houqe +1

This study examines whether greenwashing (divergence between ESG disclosure and realized performance) is associated with aggressive tax avoidance, using a panel of S&P 500 non-financial firms from 2002-2022. Constructing a Greenwashing Inde…

Giuliana Birindelli, Aline Miazza, Vera Palea +1

This paper examines how external stakeholder voices, categorized as contextual (regulations, country climate performance, public attention) and firm-specific (ESG ratings, analyst coverage), influence banks' greenwashing. Using panel data f…

Sevia Dian Saraswati, Ferry Irawan, Anda Dwiharyadi

This study systematically reviews the literature on sustainability reporting, greenwashing, transparency, and firm value. Analyzing 62 peer-reviewed articles, it finds that sustainability reporting can both reduce information asymmetry and …

Antonio J. Mateo‐Márquez, J. M. González-González, Constancio Zamora‐Ramírez

This study investigates how characteristics of emission reduction targets influence corporate greenwashing. Analyzing 4,938 international observations via probit regression, it finds that science-based validation and broader organizational …

Ukamaka Mercy Esomchi, M. Adeoba, Ahunna Eleanor Dike

This review synthesizes multidisciplinary literature on corporate greenwashing, tracing its evolution from early legitimacy-based accounts to contemporary measurement frameworks based on the gap between disclosed and actual environmental pe…

Wayan Eka Mahendra

This paper applies Fairclough's three-dimensional CDA model to 5-10 corporate sustainability reports to identify linguistic features of greenwashing. It finds ambiguous lexical choices, modality/hedging, passive constructions, and positive …

Johannes Bösch, Maximilian J. Blaschke

This paper examines German households' awareness and preferences for temporal matching in green electricity tariffs marketed as "100% renewable." Through a stated-choice experiment with over 1,000 participants, it finds that 85% of consumer…

(著者不明)

This paper analyzes the challenges companies face in implementing anti-greenwashing measures, particularly the difficulty of disclosing and assessing the materiality of Scope 3 emissions in second-hand clothing sales.

Amr ElAlfy, Mohamed Nassar, John Quigley +1

This study examines whether capital markets penalize firms for carbonwashing (misleading GHG disclosure). Analyzing S&P 500 firms from 2010-2023, it finds that only high-visibility carbonwashing incidents trigger negative stock price reacti…

Giacomo Zatini, Nicola Torricella, A. D. Porta

This paper develops a dual-index framework (ESG Routinisation Index and Greenwashing Risk Index) to measure the gap between firms' ESG talk (disclosure) and walk (actual performance). Using a 5-year panel of 593 large-cap firms, it finds th…

Sunday Izang Luka, Bernard Wilson, Aondona Isaac Terwase

This paper develops a rigorous mathematical framework for quantifying greenwashing in corporate net-zero commitments. It introduces a Greenwashing Index (GI) based on information-theoretic and Bayesian analysis, showing that traditional car…

Li W.

This study investigates whether retail investor attention acts as a guardian of corporate ESG integrity or a catalyst for greenwashing. Analyzing a large sample of firms, the paper finds that increased retail attention is associated with im…

(著者不明)

Using proprietary hand-collected data, this paper examines how firms use third-party carbon offset credits to claim emission reductions, empirically assessing offset effectiveness and the risk of greenwashing.

Bintang Corvi Diphda, Reza Triarda

This paper analyzes the nickel downstreaming policy in Indonesia's Morowali Industrial Park (IMIP) through the lens of green extractivism. It shows how climate crisis and energy transition narratives, along with sustainability claims (ESG, …

Peng L.

This paper investigates the role of ESG committees in corporate greenwashing. It examines whether ESG committees reduce or enable greenwashing, providing insights into the effectiveness of governance structures in ensuring credible environm…

Ma Y.

This paper analyzes how false-disclosure greenwashing affects corporate financial sustainability. It discusses the detection of greenwashing and its financial consequences, emphasizing the importance of disclosure integrity.

Freddie Daley, Marcel Llavero-Pasquina

This paper reviews 48 projects labeled as 'low carbon' and finds that they inadvertently perpetuate the fossil fuel problem. The authors argue that such projects can serve as greenwashing and delay genuine decarbonization.

N. Braun, Keane Ong, Rui Mao +2

This paper proposes a parameter-efficient framework for detecting greenwashing in sustainability reports. It combines contrastive learning with ordinal ranking to structure LLM latent spaces, uses gated feature modulation to filter disclosu…

Septarina Prita Dania Sofianti

This paper defines 'green fraud' as deliberate manipulation or concealment of sustainability information. Through a literature review, it identifies forms (exaggerated green claims, emission data discrepancies) and causes (weak verification…

Mugisana, Radi, Eneng Nurdiana Septifani, Laras Angelia Nirwana Sari

This paper examines greenwashing in ESG disclosure via a systematic literature review and bibliometric analysis of Scopus articles (2019-2025), integrating legitimacy and stakeholder theories. Findings show greenwashing emerges when firms f…