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A Study on the Impact of ESG Greenwashing on Listed Companies -- A Case Study of Volkswagen Group
- 1 Business School, Beijing Technology and Business University, Beijing, 102488, China
* Author to whom correspondence should be addressed.
Abstract
At present, governments and the public are paying more and more attention to environmental issues and the concept of sustainable development, and ESG (environment, society and governance) issues are gradually coming into public view. At the same time, investors will also evaluate the implementation of ESG value concepts of enterprises before making choices, which can reduce environmental risks on the one hand. On the other hand, it can also show that it is making responsible investment. However, the prevalence of ESG values has also allowed some enterprises to find opportunities, and the greenwashing problem has been derived accordingly. The majority of market participants, scholars and government regulators attach great importance to enterprise greenwashing, but most of them only pay attention to the macroeconomic issues of greenwashing behavior, and there are not many combined analyses of the specific causes of enterprise greenwashing and its economic consequences. The case study object of this paper is Volkswagen Group. Through the case study method, the motivation of Volkswagen Group's greenwashing behavior is analyzed, and the impact of its greenwashing behavior on the market in the short term after exposure is analyzed.
Keywords
ESG, greenwashing, Volkswagen, stakeholder
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Cite this article
Ma,M. (2024). A Study on the Impact of ESG Greenwashing on Listed Companies -- A Case Study of Volkswagen Group. Advances in Economics, Management and Political Sciences,59,315-322.
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