Abstract: As industrial enterprises play a significant role in driving climate change, it is necessary to examine the influence of climate risk disclosure on their "greenwashing" behavior. This study constructs climate risk disclosure indicators for Chinese A-share listed industrial enterprises from 2008 to 2021 employing machine learning and text analysis techniques. It aims to explore the relationship and influencing mechanisms between climate risk disclosure and "greenwashing" behavior in these firms. The study reveals that climate risk disclosure significantly mitigates the degree of "greenwashing", and this mitigation effect is notably strengthened by the moderating roles of corporate social responsibility, media coverage, and government environmental regulation. The economic consequences indicates that companies facing a more comprehensive climate risk disclosure are more likely to alleviate their financing constraints and reduce information asymmetry by reducing their extent of greenwashing. Furthermore, this study also conducts a further analysis on heterogeneity tests and robustness tests. This research not only enriches the relevant research on corporate climate risk management but also provides empirical evidence for strengthening corporate environmental governance and optimizing greenwashing behaviors.

Key words: Corporate climate risk disclosure, ", Greenwashing", behavior, Corporate social responsibility