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In any event, critics note, the system only deals with the downstream issue of plastic already in the environment, and not the issue of the manufacture and use of plastic in the first place. Nothing in the certification system calls on manufacturers to make or use recyclable or biodegradable plastics or improve production, Ledesma says.
Key sources of greenwashing risk identified by the regulators included claims about sustainability impact and company engagement made by asset managers, litigation risk related to misleading ESG claims made by banks, and misleading product claims by pension and insurance providers.
A look at how to spot greenwashing and learn from companies that are telling transparent stories about their environmental footprint. We talk about how to spot greenwashing and learn from companies that are telling transparent stories about their environmental footprint. How can these same players combat greenwashing?
The Stand.earth complaint outlined a series of alleged “false or misleading public representations” made by lululemon in the context of its Be Planet program.
Those cheaper materials, paired with outsourced labor, efficient manufacturing and reduced trade barriers, caused the price of consumer goods to plummet. And earlier this month, United Nations negotiators released a draft of the global plastics treaty , which, among other things, outlines a plan to reduce the manufacture of new plastics.
Pork producer Danish Crown has been forced to back-track on its company-developed eco-label the ‘climate-controlled pig’ as Denmark pays increasing attention to climate labels amid allegations of greenwashing. Read more →
However, it’s difficult to gather reliable data on these emissions, and without solid evidence, this reporting can be an exercise in greenwashing. All stakeholders, including manufacturers, suppliers, distributors and consumers, can access this transparent and comprehensive emissions data.
While nearly half of these now disclose their first-tier manufacturing lists, only 4% of brands reveal whether their garment workers earn a living wage. In the last 10 years, the chorus of voices addressing fashion’s social impacts has grown.
EE: There’s a general concern about greenwashing and the dissonance between what many companies say they believe about ESG issues and what they are actually doing. Do you feel corporate greenwashing has increased or decreased from the 1970s and ’80s? And what can investors do about it? It must be addressed by changing the economy.
They have to do it together – not just the musicians onstage, but also promoters, labels, record manufacturers, merchandisers, concert promoters and record labels. She can work with T-shirt makers that use water-based ink and closed-loop manufacturing. And they have to do it quickly. Late last year, in the wake of COP26, the U.K.’s
along with ongoing corporate greenwashing and fossil-fuel disinformation, it’s sometimes hard to tell if society is moving forward or slipping back. Given the recent backlash against environmental, social and governance (ESG) investing in the U.S., You follow the money, of course. The full list of exclusionary screens is provided below.
Manufacturers Need to Act Now to Close the Sustainability Demand Gap By: Jared Connors, Director, Sustainability at Assent You wouldn’t start training for a marathon one week before the big race, so why do so many organizations put off ESG management until the last possible minute? Yet their manufacturing process or products make use of PFAS.
Then there is the world’s leading fossil fuel project financier — the Royal Bank of Canada — and its push for increased Canadian LNG production , the latest in a regrettable stream of greenwashing exercises. One of the arguments most frequently made by industry lobbyists and LNG project proponents is that LNG is a “bridge fuel.”
Manufacturing Government & Regulators Canada Announces Over $80 Billion Clean Tech & Energy Investments to Compete with U.S. Billion Green Bond Private Equity & Venture Capital JPMorgan Builds Out Sustainable Growth Private Equity Team ESG Data Startup Atlas Metrics Raises €5.2
Editor’s note : This is the first of two articles published concerning greenwashing, both historically and at present. What is Greenwashing and How does It Work? Products are greenwashed through the process of renaming, rebranding or repacking. Large scale greenwashing companies have made headlines over the years.
Businesses and investors have a critical role to play in each of these action domains, especially when it comes to shifting to more sustainable production and manufacturing processes, investing in energy efficiency and waste reduction, conservation of natural resources, and investing in climate solutions that also support biodiversity.
Intel Corporation , PepsiCo , ASICS (Japan-based apparel company), Sanofi (healthcare company in France), SKF (Swedish manufacturer) and VELUX Group (Danish manufacturer) all signed on to RE100 , a commitment to procure the equivalent of the company’s annual electricity consumptions from renewable sources. . Talk is cheap .
February 29, 2024 /3BL/ - On Tuesday, March 12, Mohamed Abaas, environmental sustainability specialist from Sofidel , will present tips for cutting through greenwashing to improve scope 3 emissions and meet sustainability goals at the Clean Buildings Conference (CBC) in Baltimore. HORSHAM, Pa., To learn more and register, visit [link].
“We believe that over the long term, some well-intentioned design decisions and efforts not to overburden consumers with heavy or scientific terminology have resulted in communications which are not radically transparent or have allowed for lower levels of consumer literacy on important issues in product design or manufacturing,” Lardeau said.
So, too, will the participation of airports, plane manufacturers, fuel blenders and other parts of the aviation value chain. But offsetting is seen as transitional — and controversial: Some critics view it as greenwash. Shell is among the companies making significant bets on offsets, with trading operations on three continents.
So how should manufacturing businesses go about creating their own objectives? When forming a new sustainability policy, businesses are at risk of greenwashing — when a company spends time and money on marketing itself as environmentally friendly, rather than actually minimising its environmental impact. Make them personal.
Read the full story at Beverage Daily. The UK’s Environment Agency has announced a project to standardise metrics to measure the environmental performance of the food and drink sector. FoodNavigator asks the Food and Drink Federation (FDF) for its take on the initiative. Read more →
superior court, targeting Tyson’s goal to achieve net-zero … Continue reading Tyson sued over ‘climate smart’ beef and other ‘greenwashing’ claims The Environmental Working Group on Wednesday filed a lawsuit in a Washington D.C.
superior court, targeting Tyson’s goal to achieve net-zero … Continue reading Tyson sued over ‘climate smart’ beef and other ‘greenwashing’ claims The Environmental Working Group on Wednesday filed a lawsuit in a Washington D.C.
During our conversation, Enck addressed the crucial need for companies to be held accountable for the environmental impacts their products make, as well as the major problem with chemical recycling and the abundance of greenwashing among companies taking “environmental action.” Greenwashing Groups?
European efforts to bring transparency to ESG funds haven’t addressed fears of greenwashing. Different approaches to product classification have sown confusion and raised greenwashing concerns among both institutional and retail investors. While SFDR was designed to avoid greenwashing, it has not achieved its objective.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements American Airlines Signs Carbon Removal Agreement with Cleantech Startup Graphyte Dow to Build $6.5
Read the full story at Food Navigator. NewClimate Institute has released a report accusing big companies like Nestlé and Unilever of putting out ‘ambitious sounding’ carbon goals that have ‘very low integrity’. The food giants – both of whom have made net zero pledges – reject this conclusion. Read more →
The group says it believes that the use of LCA can assist with informing evidence-based decisions on product development and design, support supply chain and procurement decisions, track performance over time of packaging changes, improve overall environmental outcomes in line with strategy and policy, and challenge misinformation and greenwash.
billion) in green industries aimed at accelerating manufacturing in key net zero sectors, in addition to a new series of significant reforms designed to rapidly boost the capacity of its electricity grid to address energy transition needs over the coming decades. The UK government announced plans to invest £960 million (USD$1.2
In ongoing litigation over the greenwashing of plastic recycling, the bottled water company BlueTriton made a revealing argument: its claims of being environmentally friendly aren’t violations of the law, because they are “aspirational.” Read the full story at The Intercept.
Read the full story at Food Navigator. New research shows that half of UK consumers want to reduce their carbon footprint by making changes to their food choices. However, FoodNavigator hears, brands focusing in on eco messaging should be cautious: ‘Underestimating cynicism is dangerous’. Read more →
Chemical engineer Jan Dell sees her shareholder proposal as a way to fight greenwashing by the U.S.-based based multinational food manufacturer. Read the full story at Inside Climate News.
Morningstar has paid the Australian financial regulator AUD29,820 ($19,612) after it alleged the company retained exposure to weapons manufacturers via its ESG-themed funds despite claiming it excluded such companies.
Growing demand for environmentally responsible food and drink has been accompanied by increased concern over greenwashed claims and rising confusion over what they actually mean. Read the full story at Dairy Reporter.
EcoVadis has a long track record helping major manufacturers like Henkel, Husqvarna, and PSA Group drive sustainability in their supply chains, reflected in the breadth of private companies EcoVadis has ESG data for and its many integrations with supply chain software.”. “As
To set ourselves apart from ambiguous, greenwashed sustainability claims, we used a data-driven and science-based approach to evaluating how our products contribute to the United Nations Sustainable Development Goals with clear criteria for scoring. site demand.
In the report, KPMG International’s Larry Bradley, Global Head of Audit, and Mike Shannon, Global Head of ESG Assurance, said: “To gain investor and stakeholder confidence and mitigate the risk of greenwashing, ESG reporting should be subject to a level of scrutiny comparable to the financial information that users depend on.
Reducing waste in the manufacturing process. This includes your retail space, manufacturing, warehouse and distribution, and even your supply chain partners. With more and more companies getting called out (and sued) for greenwashing, it's clear that you need the data to back up your claims. Reducing the carbon footprint.
Read the full story at Food Manufacture. With companies fearful of being called out as greenwashers, Ana Haurie, CEO and co-founder at Respira looks at the rise of greenhushing and the tools that companies should be embracing to ensure they’re legitimately driving climate action.
Importantly, investors should be sure that the issuer’s projects are genuinely environmentally beneficial and not misrepresented, or “greenwashed.” That said, sustainability-linked structures need to be monitored for greenwashing, given the inherent flexibility around use of proceeds. KPIs must be chosen and calibrated carefully.
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