Can investors curb greenwashing?, CREST, ENSAE, Institut Polytechnique de Paris, 27.03.2024

In practice, we propose a two-step empirical method for analyzing companies’ environmental communication policies and testing their dynamics in cross-section. To do so, we use monthly data from the data provider Covalence, which constructs an environmental reputation score, an environmental controversy score, and an environmental performance score from published news.”