高知名度企業におけるグリーンウォッシュ：メディア可視性・サステナビリティ保証・環境ガバナンスの役割
GREENWASHING PADA PERUSAHAAN HIGH-PROFILE: PERAN MEDIA VISIBILITY, SUSTAINABILITY ASSURANCE, DAN ENVIRONMENTAL GOVERNANCE (原題)
Fitri Hikmawati, Dian Saputra
🤖 gxceed AI 要約
日本語
インドネシア証券取引所上場のエネルギー・基礎素材セクター40社・120社年データを用い、メディア可視性・サステナビリティ保証・環境ガバナンスがグリーンウォッシュに与える影響を検証。GRI300開示スコアと環境省PROPER性能評価のギャップ分析という公開データによる新指標を開発。メディア可視性と第三者保証はグリーンウォッシュを有意に抑制するが、環境ガバナンスは有意な効果を示さず、外部監視の有効性を裏付けた。
English
Using 120 firm-year observations from 40 energy and basic materials firms on the Indonesia Stock Exchange (2022–2024), this study tests how media visibility, sustainability assurance, and environmental governance affect greenwashing. It introduces a novel greenwashing measure via gap analysis between GRI 300 disclosure scores and PROPER environmental performance ratings, using publicly available data instead of proprietary ESG databases. Media visibility and sustainability assurance significantly curb greenwashing, while environmental governance shows no significant effect, highlighting external monitoring over internal structures.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
SSBJ基準や有報でのサステナビリティ開示が進む日本企業にとって、開示スコアと実環境性能の乖離を測る本手法は、統合報告書の信頼性検証や投資家対応の観点で示唆に富む。第三者保証の実効性を示す実証結果は、保証取得を検討する日本企業の意思決定にも参考となる。
In the global GX context
As ISSB/SSBJ-aligned disclosure becomes mandatory across major markets, this paper offers a replicable, low-cost method for detecting disclosure-performance gaps using public data—directly relevant to CSRD and SEC climate rule debates on assurance and greenwashing enforcement. It empirically supports the value of third-party assurance and media scrutiny as external monitors, informing global regulators designing anti-greenwashing regimes.
👥 読者別の含意
🔬研究者:公開データのみでグリーンウォッシュを定量化する手法は、新興国・データ制約下のESG研究に応用可能な枠組みを提供する。
🏢実務担当者:第三者保証の取得とメディア露出管理がグリーンウォッシュ批判リスクを低減し得ることを示唆する。
🏛政策担当者:内部ガバナンスより外部監視・保証制度の強化がグリーンウォッシュ抑制に有効である可能性を示す。
📄 Abstract（原文）
Greenwashing in high-impact industrial sectors is a growing global concern, particularly when corporate environmental disclosures fail to reflect actual environmental performance. This study examines the effects of media visibility, sustainability assurance, and environmental governance on greenwashing among high-profile firms in the energy and basic materials sectors listed on the Indonesia Stock Exchange (IDX) during 2022–2024. Unlike prior studies that predominantly rely on proprietary ESG databases such as Bloomberg and Refinitiv, this research offers novelty by developing a greenwashing measurement using publicly available national data. This is achieved through a gap analysis comparing environmental disclosure scores based on GRI 300 standards with environmental performance ratings from PROPER, issued by Indonesia's Ministry of Environment and Forestry. This approach addresses data accessibility constraints in emerging markets and supports broader replicability. Using panel data regression with a Fixed Effects Model on 120 firm-year observations from 40 sampled firms, the findings reveal that media visibility and sustainability assurance significantly curb greenwashing practices, while environmental governance shows no significant mitigating effect. These results suggest that external monitoring mechanisms are more effective than internal governance structures in reducing greenwashing in high-impact sectors. The publicly accessible measurement model developed here offers a practical, cost-effective alternative to commercial ESG databases for emerging-market researchers.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.35145/bilancia.v10i3.6170first seen 2026-10-02 04:56:08
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