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Is the burgeoning 'plastic credits' market a new wave of greenwashing?

Corporate Knights

rePurpose says it “collects chain-of-custody documentation from all stakeholders involved in the supply chain. Greenwashing risk Critics see plastic credit systems as little more than window dressing, giving firms an excuse to continue making and using plastic rather than finding alternatives. But] this is not greenwashing at all.

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Australia Regulator Warns Future Super Over Greenwashing

ESG Today

The Australian Securities & Investments Commission (ASIC) Australia’s corporate, markets, and financial services regulator, announced today that it issued an infringement notice to superannuation fund promoter, Future Super, over alleged greenwashing by the company in a social media post.

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EU Names Rules a Stop-gap Solution to Greenwashing

Chris Hall

The post EU Names Rules a Stop-gap Solution to Greenwashing appeared first on ESG Investor. Transition of Sustainable Finance Disclosure Regulation to a labelling regime will be ongoing and multi-faceted.

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Swiss Government Allows Financial Sector to Self-Regulate Greenwashing Prevention

ESG Today

Switzerland’s Federal Council announced today that it will hold off on regulating greenwashing in the financial sector, allowing instead for the industry to monitor itself, following progress made by the sector’s associations in developing and implementing self-regulatory provisions.

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FCA Proposes Anti-Greenwashing and Sustainability Disclosure Rules for Portfolio Managers

ESG Today

Sacha Sadan, FCA’s Director of Environmental, Social and Governance, said: “Confirming the new anti-greenwashing guidance and our proposals to extend the Sustainability Disclosure Requirements and investment labels regime are important milestones that maintain the UK’s place at the forefront of sustainable investment.

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EU Council Agrees on New Rules to Tackle Greenwashing in Product Green Claims

ESG Today

The European Council today announced today that it has reached an agreement on a series of proposals aimed at protecting consumers from greenwashing, setting requirements for companies to substantiate and verify claims and labels regarding the environmental attributes of products and services.

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Regulators Turn to Tech to Tackle Greenwashing

Chris Hall

FCA-hosted TechSprint aims to harness technology innovation to outpace adverse impacts of greenwashing in financial services. At yesterday’s culmination of the Global Financial Innovation Network’s (GFIN) first Greenwashing TechSprint , awards were presented based on different criteria.