The inclination of corporations towards opportunistic profit pursuit,compounded by insufficient internal risk management systems,acts as the intrinsic factor driving the occurrence of greenwashing in ESG(Environmental,Social,and Governance)reports.Conversely,the external trigger for this issue is the absence of stringent legal regulations and universal ESG reporting standards.In China,the regulatory approach to combating greenwashing in ESG reports reveals several shortcomings,including a limited scope of entities subject to mandatory disclosure,vague contents for voluntary reporting,unclear evaluation standards of ESG reporting,and the underutilization of soft law mechanisms through industry self-regulation.To address these issues,it is advisable to explicitly define the scope of mandatory disclosure,develop a coherent ESG reporting framework,enhance ESG reporting assessment systems,strengthen the soft law framework through industry self-regulatory bodies,and foster a comprehensive ESG knowledge system.
ESG reportgreenwashing behaviorESG information disclosure
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