An international empirical study of greenwashing and voluntary carbon disclosure

Mateo‐Márquez, Antonio J.; González, José María González; Ramírez, Constancio Zamora

doi:10.1016/j.jclepro.2022.132567

Cited by 67 publications

(23 citation statements)

References 51 publications

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“…It is worth noting the significant and positive coefficient of CO 2 per capita, an indicator of regulative pressure. Our estimation results confirm Mateo-Márquez et al’s (2022) findings that regulative pressure may increase the likelihood of a firm’s engaging in greenwashing.…”

Section: Resultssupporting

confidence: 88%

Talk the Talk, But Walk the Walk? Female-Managed Firms and Greenwashing Behavior

Zhang

2023

Environment and Behavior

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Previous studies have examined gender differences in environmental disclosure and corporate environmental responsibility, which are elements used to measure greenwashing. However, little attention has been given to the impact of firm leaders’ gender on greenwashing. This study applies a logit econometric model to estimate the probability of being greenwashers for female-led firms compared to male-led firms, using a sample of 7,870 private firms from 28 countries. Our main results suggest that female-managed firms are not less likely to conduct greenwashing. This study also evaluates the impact on greenwashing of other determinants, such as access to finance, firm size, pollution degree, and region, and whether the gender gap in greenwashing is attributed to the primary drivers of greenwashing. Finally, we draw implications from this study on how to enhance the credibility of environmental initiatives for both female-led and male-led firms.

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Section: Resultssupporting

confidence: 88%

Talk the Talk, But Walk the Walk? Female-Managed Firms and Greenwashing Behavior

Zhang

2023

Environment and Behavior

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“…The data we gathered regards companies operating in the sectors of energy and materials, consumer discretionary, consumer staples, financials, utilities, and manufacturing (as per the Global Industry Classification Standard, GICS). The GICS is a sectoral classification system recognized internationally that has also been used by some recent studies in climate change (Birindelli & Chiappini, 2021; Lintukangas et al, 2022; Mateo‐Márquez et al, 2022). Morgan Stanley Capital International (MSCI) and Standard & Poor's (S&P) have developed GICS to provide accurate, complete, and standard industry definitions.…”

Section: Methodsmentioning

confidence: 99%

How do financial markets reward companies tackling climate change concerns? A natural experiment based on the Brexit referendum

Rodella¹,

Giacomo

2023

Corp Soc Responsibility Env

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This paper explores whether environmental management activities and corporate commitment to tackle climate change concerns play a role in hedging a company's market valuation after a political or economic shock. Based on the literature on corporate social responsibility (CSR) and insurance‐like effects, this study advances knowledge on the impact of companies' engagement to tackle climate change on share price variation after the 2016 Brexit Referendum. The study also contributes to the limited number of studies using a difference‐in‐differences (DID) methodology in the CSR and climate change research area. Specifically, it uses DID, a natural experimental research design, and a multi‐variate regression analysis. The paper concludes that companies' concrete commitment to climate change has a buffer role in mitigating uncertainty related to Brexit. As the study found that financial markets reward companies that pay attention through the adoption of concrete actions and best practices on environmental issues during uncertain periods with respect to those that do not, the findings are in line with previous literature suggesting that corporate environmental commitment plays a buffering role during troubling periods. Results on the buffer role played by screenings, assessments, or disclosure activities to address environmental issues are unclear. We thus argue that during uncertain times, markets sustain companies taking proactive actions to tackle climate change.

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“…Since the publication of After Greenwashing multiple scholars have drawn on Bowen's critique of greenwashing for their work. These applications range from recent studies of greenwashing in the context of voluntary carbon disclosure (Mateo-Márquez et al, 2022) to investigations of corporate social responsibility (Wickert et al, 2016). Furthermore, Lyon and Montgomery's (2015) discussion of greenwashing provides a brief and affirmative review of Bowen's work that maintains a reach of greenwashing that goes beyond mere information disclosure.…”

Section: From Greenwashing To Symbolic Corporate Environmentalismmentioning

confidence: 99%

Symbolic DIY environmentalism between sustainability statements and green pressure

Duester

2023

DIY, Alternative Cultures & Society

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This article argues that environmental sustainability statements do not constitute a one-dimensional service but encapsulate a reciprocal power relation between producers and consumers’ expectations for continuously improving sustainability standards. Drawing on Bowen's investigation of post-greenwashing assessments of corporate environmentalism, I will frame these expectations as ‘green pressure’. As there is currently no substantial research on the complex connection between Do-it-yourself (DIY) cultural production, environmentalism and green pressure, the primary concern of this article is to demonstrate the necessity for an analytical framework that grasps the symbolic characteristics of environmental practices in DIY-based alternative leisure and production circuits.

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An international empirical study of greenwashing and voluntary carbon disclosure

Cited by 67 publications

References 51 publications

Talk the Talk, But Walk the Walk? Female-Managed Firms and Greenwashing Behavior

Talk the Talk, But Walk the Walk? Female-Managed Firms and Greenwashing Behavior

How do financial markets reward companies tackling climate change concerns? A natural experiment based on the Brexit referendum

Symbolic DIY environmentalism between sustainability statements and green pressure

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