Greenwashing in the Indian corporate landscape: An empirical assessment of ESG disclosures of NIFTY 50 companies

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F24%3A101083" target="_blank" >RIV/60460709:41110/24:101083 - isvavai.cz</a>

Výsledek na webu

<a href="https://link.springer.com/article/10.1007/s10668-024-05191-3" target="_blank" >https://link.springer.com/article/10.1007/s10668-024-05191-3</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s10668-024-05191-3" target="_blank" >10.1007/s10668-024-05191-3</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Greenwashing in the Indian corporate landscape: An empirical assessment of ESG disclosures of NIFTY 50 companies

Popis výsledku v původním jazyce

This study investigates ESG (Environmental, Social, and Governance) reporting in India, focusing on greenwashing among companies listed on the National Stock Exchange's NIFTY 50 index. Utilizing available ESG scores and assessments, we assess the extent of greenwashing and identify factors influencing this behavior within the Indian corporate environment. Our research employs regression analysis with a comprehensive set of variables, including cross-listing status, inclusion in ESG-focused investment funds, presence of independent directors, and board size, to examine key factors impacting greenwashing scores. Findings reveal that 47% of sampled companies exhibit greenwashing characteristics, with a concentration in manufacturing and energy sectors. Notably, cross-listing status and inclusion in ESG-focused investment funds show an inverse relationship with greenwashing scores. Moreover, the presence of independent directors and board size significantly impacts greenwashing tendencies. This research contributes to the field by offering novel insights into the determinants of greenwashing behavior in India's corporate landscape, with implications for practitioners, policymakers, and academics. Practitioners can utilize these insights to enhance corporate governance practices and promote genuine sustainability efforts, policymakers can refine regulatory frameworks, and academics can further advance research in this field.

Název v anglickém jazyce

Greenwashing in the Indian corporate landscape: An empirical assessment of ESG disclosures of NIFTY 50 companies

Popis výsledku anglicky

This study investigates ESG (Environmental, Social, and Governance) reporting in India, focusing on greenwashing among companies listed on the National Stock Exchange's NIFTY 50 index. Utilizing available ESG scores and assessments, we assess the extent of greenwashing and identify factors influencing this behavior within the Indian corporate environment. Our research employs regression analysis with a comprehensive set of variables, including cross-listing status, inclusion in ESG-focused investment funds, presence of independent directors, and board size, to examine key factors impacting greenwashing scores. Findings reveal that 47% of sampled companies exhibit greenwashing characteristics, with a concentration in manufacturing and energy sectors. Notably, cross-listing status and inclusion in ESG-focused investment funds show an inverse relationship with greenwashing scores. Moreover, the presence of independent directors and board size significantly impacts greenwashing tendencies. This research contributes to the field by offering novel insights into the determinants of greenwashing behavior in India's corporate landscape, with implications for practitioners, policymakers, and academics. Practitioners can utilize these insights to enhance corporate governance practices and promote genuine sustainability efforts, policymakers can refine regulatory frameworks, and academics can further advance research in this field.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY

ISSN

1387-585X

e-ISSN

1387-585X

Svazek periodika

50

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

12

Strana od-do

729-741

Kód UT WoS článku

001262223000001

EID výsledku v databázi Scopus

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