Does mandatory greenhouse gas emissions reporting program deter corporate greenwashing?

IF 8 2区 环境科学与生态学 Q1 ENVIRONMENTAL SCIENCES
Journal of Environmental Management Pub Date : 2025-01-01 Epub Date: 2024-12-17 DOI:10.1016/j.jenvman.2024.123740
Nguyen H Luu, Chau Le, Hiep N Luu, Dung T K Nguyen
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引用次数: 0

Abstract

This study examines the impact of the mandatory greenhouse gas emissions reporting program (GHGRP) on corporate greenwashing behaviour. Utilising the GHGRP in the United States as a quasi-natural experiment, we perform a difference-in-difference analysis to a panel dataset of 2731 publicly listed US firms from 2007 to 2022. The data consist of annual observations of firm-level variables, including ESG performance and disclosure metrics, financial characteristics, and environmental innovation indicators. Our results reveal a notable reduction in greenwashing behaviour following the adoption of the GHGRP, suggesting that increased transparency and accountability discourage deceptive disclosure practices. A decomposition analysis shows that the GHGRP motivates firms to improve actual ESG performance while curbing inflated ESG claims. Larger and more profitable firms exhibit a more significant decrease in greenwashing, indicating that those under greater public scrutiny respond more strongly to regulatory oversight. Additionally, firms with higher levels of environmental innovation demonstrate a greater reduction in greenwashing post-GHGRP adoption, reflecting an alignment between sustainability commitments and corporate culture. This study offers valuable insights for firm managers, investors, and policymakers on leveraging the GHGRP framework to promote transparency in corporate reporting practices.

强制性温室气体排放报告计划是否能阻止企业的 "洗绿 "行为?
本研究考察了强制性温室气体排放报告计划(GHGRP)对企业“漂绿”行为的影响。利用美国GHGRP作为准自然实验,我们对2007年至2022年2731家美国上市公司的面板数据集进行了差异中差异分析。这些数据包括对公司层面变量的年度观察,包括ESG绩效和披露指标、财务特征和环境创新指标。我们的研究结果显示,采用GHGRP后,“洗绿”行为显著减少,这表明透明度和问责制的提高阻碍了欺骗性披露行为。一项分解分析表明,GHGRP激励企业提高实际ESG绩效,同时抑制夸大的ESG索赔。规模更大、利润更高的公司在“漂绿”方面表现出更显著的下降,这表明那些受到更大公众监督的公司对监管监督的反应更强烈。此外,环境创新水平较高的公司在ghgrp之后的绿色清洗中表现出更大的减少,这反映了可持续发展承诺与企业文化之间的一致性。本研究为企业管理者、投资者和政策制定者提供了利用GHGRP框架提高企业报告实践透明度的宝贵见解。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Journal of Environmental Management
Journal of Environmental Management 环境科学-环境科学
CiteScore
13.70
自引率
5.70%
发文量
2477
审稿时长
84 days
期刊介绍: The Journal of Environmental Management is a journal for the publication of peer reviewed, original research for all aspects of management and the managed use of the environment, both natural and man-made.Critical review articles are also welcome; submission of these is strongly encouraged.
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