气候政策不确定性对企业ESG绿色洗的影响
1School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing, 210044, China; China Institute of Manufacturing Development, Nanjing University of Information Science & Technology, Nanjing, 210044, China.
Journal of environmental management
|September 21, 2025
概括
气候政策的不确定性通过操纵信息披露和评级系统,增加了企业的ESG绿色洗. 这种影响在较小,国有,非高科技和非严重污染的公司中更为强烈.
科学领域:
- 环境,社会和治理 (ESG) 研究
- 气候政策分析 气候政策分析
- 公司治理 公司治理
背景情况:
- 政府使用气候政策来推动企业的ESG转型,因为全球气候风险日益增加.
- 频繁的政策变化可能会造成不确定性,可能导致企业ESG绿色洗.
研究的目的:
- 分析气候政策不确定性对企业ESG绿色洗的影响.
- 调查这种影响发生的机制.
- 检查不同企业特征中这种效应的异质性.
主要方法:
- 使用A股上市公司实体 (2009-2022) 的样本进行理论分析和实证调查.
- 强度测试包括内源性检查和机器学习模型重新规范.
- 机制和异质性分析.
主要成果:
- 气候政策的不确定性大大加剧了企业的ESG绿色洗.
- 这种影响是通过信息披露操纵和评级系统差异传播的.
- 影响在小规模,国有,非高科技和非重污染企业中更为明显.
结论:
- 气候政策的不确定性是企业ESG绿色洗的关键驱动力.
- 了解机制和异质性对于有效的气候政策设计至关重要.
- 政策应该旨在减少不确定性,以减轻绿色洗,并促进真正的ESG绩效.
相关概念视频
Global Climate Change
28.7K
Throughout its ~4.5 billion year history, the Earth has experienced periods of warming and cooling. However, the current drastic increase in global temperatures is well outside of the Earth’s cyclic norms, and evidence for human-caused global climate change is compelling. Paleoclimatology, the study of ancient climate conditions, provides ample evidence for human-caused global climate change by comparing recent conditions with those in the past.
28.7K
What is Climate?
20.5K
Climate refers to the prevailing weather conditions in a specific area over an extended period. As the saying goes, “Climate is what you expect. Weather is what you get.” Climate is influenced by geographic factors, such as latitude, terrain, and proximity to bodies of water.
20.5K
Global Regulatory Systems
612
Global regulatory systems in bacteria enable rapid and coordinated responses to environmental changes by integrating sensory inputs with gene expression, ensuring efficient adaptation to fluctuating conditions. Key global regulatory mechanisms include regulons, two-component systems, sigma factors, and secondary messengers.Regulons and Global RegulatorsA regulon is a collection of genes and operons controlled by a common global regulator. These regulators enable bacteria to prioritize resource...
612
Design Example: Sustainability in Concrete Building
390
As the construction industry moves towards more eco-friendly practices, concrete's adaptability and its ability to incorporate sustainable features make it a key material in the drive towards greener building solutions.
There are multiple approaches to achieve sustainability in a commercial concrete building. For instance, construct a concrete parking area under the building, utilizing pervious concrete paver blocks in open areas to facilitate rainwater collection through an underground...
There are multiple approaches to achieve sustainability in a commercial concrete building. For instance, construct a concrete parking area under the building, utilizing pervious concrete paver blocks in open areas to facilitate rainwater collection through an underground...
390
Uncertainty: Overview
1.6K
In analytical chemistry, we often perform repetitive measurements to detect and minimize inaccuracies caused by both determinate and indeterminate errors. Despite the cares we take, the presence of random errors means that repeated measurements almost never have exactly the same magnitude. The collective difference between these measurements - observed values - and the estimated or expected value is called uncertainty. Uncertainty is conventionally written after the estimated or expected value.
1.6K
Threats to Biodiversity
26.6K
There have been five major extinction events throughout geological history, resulting in the elimination of biodiversity, followed by a rebound of species that adapted to the new conditions. In the current geological epoch, the Holocene, there is a sixth extinction event in progress. This mass extinction has been attributed to human activities and is thus provisionally called the Anthropocene. In 2019 the human population reached 7.7 billion people and is projected to comprise 10 billion by...
26.6K


