An international empirical study of greenwashing and voluntary carbon disclosure

Voluntary corporate environmental disclosure has increased significantly in the last decade. However, increase also been accompanied by social questioning of its veracity. Previous studies have mainly focused on determinant factors behind decisions to disclose data, with only limited consideration both carbon performance and veracity information disclosed. Based an international sample firms from 12 countries, this paper analyzes impact regulative pressures related climate change likelihood companies engaging greenwashing. The results show that number regulations negatively influences propensity engage Furthermore, countries stringent climate-related are less likely participate greenwashing practices. This adds existing literature concerning demonstrating institutional theory can deliver further insights into explanation behavior. is first study incorporate analysis It provides a new method for identifying firms, based their disclosure.