As another person pointed out, it's just usual to name this certificate "snakeoil" because it's just ticking a box mechanically and serves little to no functional purpose. The service won't run without a certificate, this is a certificate, good enough. You might prefer to think of it as a placebo, but "snakeoil" seems to be usual name.
Yes, you're correct ISO standards are very focused on paperwork.
One of the fears some C++ people have is that today ISO 26262 (safety for road vehicles) says they can write car software in C++ because hey, there's an ISO standard for C++ so that's paperwork we can point to - But, wait, why is that enough? C++ is laughably unsuited to this work. Maybe 26262 should be revised to not say that C++ is suitable.