Enhancing ESG efforts through reporting: how do we minimize greenwashing? (focused on the SGX energy & utilities sector)

Choo, Xuan Zhi (2025) Enhancing ESG efforts through reporting: how do we minimize greenwashing? (focused on the SGX energy & utilities sector). [Dissertation (University of Nottingham only)]

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Abstract

The integration of Environmental, Social, and Governance (ESG) criteria into corporate strategy has become increasingly crucial as stakeholders demand more sustainable and ethical business practices. However, the concurrent rise of greenwashing—where companies may overstate or inaccurately represent their ESG efforts to appear more environmentally friendly and socially responsible than they actually are—presents a notable challenge. Greenwashing not only undermines stakeholder trust but also jeopardizes the overall credibility of genuine sustainability efforts. This thesis aims to explore how enhanced reporting mechanisms can mitigate the incidence of greenwashing, thereby promoting authentic sustainability practices.

A key component of this research involves understanding the public’s perception of corporate sustainability reporting. Public scrutiny has intensified as consumers, investors, and other stakeholders become more informed and vocal about corporate sustainability practices. This study seeks to incorporate the views of the public by examining how their trust in a company's reported ESG efforts influences their support and investment decisions. Through surveys and interviews, we will gather insights into how transparent and reliable the public perceives current ESG reporting to be, and what improvements they believe are necessary to reduce greenwashing.

Through a comprehensive examination of current ESG reporting standards, regulatory frameworks, and best practices, this study seeks to explore how transparency and accountability can be enhanced through the adoption of unified reporting standards, mandatory disclosures, and the use of advanced technologies for traceability. By examining the roles of regulatory bodies and third-party verifications, this research will highlight effective strategies for minimizing greenwashing. The ultimate goal is to provide actionable recommendations that businesses and policymakers can implement to enhance the integrity of ESG reporting, ensuring that sustainability efforts are genuine and impactful, and fostering greater trust and engagement from the public.

Item Type: Dissertation (University of Nottingham only)
Depositing User: Choo, Xuan
Date Deposited: 28 Jul 2025 11:42
Last Modified: 28 Jul 2025 11:42
URI: https://eprints.nottingham.ac.uk/id/eprint/79797

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