Do pilot zones for green finance reform and innovation avoid ESG greenwashing? Evidence from China

Tong, Youxia; Lau, Yeng Wai; Binti Ngalim, Siti Manisah

doi:10.1016/j.heliyon.2024.e33710

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Cited by 8 publications

References 69 publications

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From policy to practice: How China's emissions trading scheme shapes ESG greenwashing at the firm level?

Tao,

Lin,

Poletti

2024

Journal of Environmental Management

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From policy to practice: How China's emissions trading scheme shapes ESG greenwashing at the firm level?

Tao,

Lin,

Poletti

2024

Journal of Environmental Management

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Greenwashing prevention in environmental, social, and governance (ESG) disclosures: A bibliometric analysis

Sneideriene,

Legenzova

2025

Research in International Business and Finance

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Green finance and greenwashing: charting a sustainable path forward

Bo,

Battisti

2024

QRFM

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Purpose The purpose of this paper is to examine the potential relationship between green finance and greenwashing to rationalize resource allocation better. Additionally, it explores the interconnections among various subgroups of green finance products (GFPs) and identifies any overlooked or underrepresented subgroups. Design/methodology/approach This paper uses a mixed-method exploratory sequential design. Initially, the authors collected a sample of 313 relevant documents. Thematic analysis and hierarchical coding were then performed using NVivo software to uncover correlations between various nodes and address our research questions. Additionally, a word cloud analysis was conducted to assess the potential research value of stakeholders as moderating variables. Following this, the role of stakeholders was reevaluated, leading to the selection of 58 samples for separate content analysis. Findings First, there is a negative relationship between green finance and greenwashing. Second, a negative relationship is observed between GFPs and greenwashing. The authors’ correlation coefficient analysis suggests that environmental, social and governance funds, as a non-mainstream research focus within GFPs, deserve further in-depth investigation. Originality/value While a significant portion of the existing literature focuses on the relationship between green bonds and greenwashing, a noticeable gap exists regarding the broader spectrum of GFPs and their potential association with greenwashing. The lack of a direct connection between broader GFPs and greenwashing suggests that this area is underexplored in literature. This paper fills this gap by investigating the role of broader GFPs in either promoting or mitigating greenwashing.

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Do pilot zones for green finance reform and innovation avoid ESG greenwashing? Evidence from China

Cited by 8 publications

References 69 publications

From policy to practice: How China's emissions trading scheme shapes ESG greenwashing at the firm level?

From policy to practice: How China's emissions trading scheme shapes ESG greenwashing at the firm level?

Greenwashing prevention in environmental, social, and governance (ESG) disclosures: A bibliometric analysis

Green finance and greenwashing: charting a sustainable path forward

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