ESG Today

DECEMBER 21, 2022

The Council stated that the proposals form part of efforts to prevent greenwashing, or the mischaracterization or exaggeration of the sustainability characteristics and attributes of financial products and services. Click here to access the greenwashing position paper and the sustainable finance report.

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B the Change

FEBRUARY 4, 2023

That means avoiding “greenwashing,” or false communications about environmental action. Greenwashing is a big problem. You’ve probably heard of greenwashing. We define greenwashing and explain why it hurts your company. What Is Greenwashing? Greenwashing can be either intentional or unintentional.

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ESG Today

JUNE 19, 2024

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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Environmental Finance

MARCH 14, 2025

Fear of 'greenwashing' risk is "clearly presenting a barrier" to the growth of labelled sustainable loans, with uncertainty linked to anti-greenwashing regulation also potentially contributing to the problem.

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ESG Today

MAY 31, 2023

Delta Air Lines is facing a class action lawsuit over claims that it misrepresented its environmental impact by presenting itself in advertising and promotional activities as being “carbon neutral.” The post Delta Hit with Greenwashing Lawsuit over Carbon Neutrality Claims appeared first on ESG Today.

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Corporate Knights

JANUARY 12, 2024

In 2022, the Canadian Competition Bureau launched an investigation into whether the Royal Bank of Canada’s advertisements amounted to greenwashing. At worst, it is greenwashing of carbon-intensive businesses, misleading investors and the public.” And that’s a problem, Price says. “We

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ESG Today

MAY 28, 2024

One of the key problems suggested by ESMA to this approach is the risk of greenwashing, as reporting on positive impacts and opportunities will be done outside of the CSRD structure, and without the assurance safeguards of the sustainability reporting rules.

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Corporate Knights

JANUARY 23, 2024

For a five-episode YouTube series launched in the lead-up to Earth Day 2023, former BBC presenter Dallas Campbell travelled the world to tout, in actorly British tones, the “exciting potential of hydrogen.” But it’s a tough sell to a climate-conscious generation that is more committed to reducing its environmental impact than any before it.

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ESG Today

DECEMBER 12, 2023

Australia’s competition regulator the Australian Competition and Consumer Commission (ACCC) announced today the release of its final guidance on environmental claims, aimed at helping companies comply with rules to avoid misleading green marketing and advertising green claims, and protecting consumers from greenwashing.

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ESG Today

JULY 26, 2023

ASIC Deputy Chair Sarah Court said: “We consider that the screening and research undertaken on behalf of Vanguard was far more limited than that being promised to investors, and we consider this constitutes another example of greenwashing.”

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Corporate Knights

MAY 8, 2024

As a result, they can allow companies to “greenwash.” As a result, they can allow companies to 'greenwash.' Second, in practice, “reporting” often actually means “selecting which information shall and shall not be presented to the public”. What needs to change to limit greenwash? Nobody is perfect.

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Chris Hall

AUGUST 25, 2022

Plans by the US Securities and Exchange Commission (SEC) to crack down on greenwashing by fund managers must be revised to cover not just environmental but human rights issues. At present, companies complicit in abuse of local populations can not only keep high ESG ratings, but sometimes see them increase.

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3BL Media

AUGUST 25, 2022

Lack of visibility and perceptions of “greenwashing”. Greenwashing – a term for the perception of words (and marketing) outweighing action on behalf of climate change – is a risk that companies are increasingly sensitive to. Turn Risk into Reward: Join the Energy Transition Movement.

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Envirotec Magazine

NOVEMBER 27, 2020

While biodegradable plastics currently exist, they rely on commercial composting, which uses energy to heat the compost, as well as presenting other logistical challenges. Such bioplastics have effectively been ‘greenwashed’, he said, and mis-sold to environmentally responsible consumers and companies.

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Chris Hall

OCTOBER 11, 2024

Rising levels of sustainability-focused regulation and investor scrutiny have contributed to a decline in greenwashing activities by companies. A new report from date science firm RepRisk highlighted a 12% year-on-year decrease in companies linked to greenwashing – marking the first fall in six years.

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Chris Hall

SEPTEMBER 21, 2023

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.

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Impakter

JANUARY 19, 2023

Impakter Why We Need a Legal Definition for ‘Greenwashing’ The European Union (EU) could soon implement harsher regulations on what companies can get away with when they claim to be greener than they actually are, according to a leaked new EU draft greenwashing law seen by Bloomberg. Alice Chapman

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Sustainability Update

NOVEMBER 6, 2023

Report on every environmental initiative and face allegations of greenwashing? Greenmuting vs Greenwashing First, we must understand the extremes on both sides. Greenmuting vs Greenwashing First, we must understand the extremes on both sides. Yet, it is difficult to let go of the fear of being called a dreaded greenwasher.

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3BL Media

AUGUST 14, 2024

How high is the risk of greenwashing? As interest in environmental, social and governance sustainability has grown, so as the risk of greenwashing. As ESMA , the European Securities and Markets Authority, also notes, greenwashing harms investors who want to allocate their resources to sustainable economic activities.

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ESG Today

OCTOBER 25, 2023

Switzerland’s Federal Department of Finance (FDF) announced today that it will proceed with plans to propose regulations to address greenwashing in the financial sector, including investment and disclosure rules for financial products using labels such as ‘sustainable,’ green,’ or ‘ESG.’

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3BL Media

FEBRUARY 29, 2024

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.,

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James Militzer

SEPTEMBER 4, 2024

However, it’s difficult to gather reliable data on these emissions, and without solid evidence, this reporting can be an exercise in greenwashing. When these stakeholders can rely on the data presented in a business’ emissions report, they can make more informed decisions, leading to more effective environmental strategies.

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Chris Hall

NOVEMBER 16, 2022

The European Supervisory Authorities (ESAs) have issued a Call for Evidence to stakeholders on greenwashing. . The ESAs have also asked for any available data to help them gain a more concrete sense of the scale of greenwashing and areas of particularly high risk. .

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Corporate Knights

OCTOBER 3, 2022

Greenwashing is truly a clear and present danger.”.

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Chris Hall

JUNE 21, 2024

Greenwashing is a growing risk in the Chinese fund management sector, as marketing of ESG products runs ahead of standards and regulatory oversight, a new report by Greenpeace has found. China falls behind Greenwashing has emerged as a major problem in developed countries over the last decade with the rise of ESG-labelled funds.

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Sustainability Matters

JULY 3, 2022

But perception and reality of a company’s credentials can vary widely, and after years of media reports and widespread concern around ‘greenwashing’, the ASX recently announced a crackdown on ethical funds , joining ASIC to fight against those using the market disclosure system to fake green credentials. That’s exactly what greenwashing is.

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Chris Hall

JUNE 15, 2023

The European supervisory authorities (ESAs) and EU national competent authorities (NCAs) will need to build out their in-house resources and skill sets to effectively identify and handle instances of greenwashing by financial institutions, but greater guidance is recommended by observers rather than new waves of regulation.

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Corporate Knights

JULY 28, 2023

It’s been a full court press of advertising, sympathetic columnists presenting one-sided opinions as if they were carefully researched facts , and reports such as the one recently published by the Canadian Chamber of Commerce that wouldn’t survive scrutiny as an undergrad economics assignment.

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Sense and Sustainability

JANUARY 27, 2021

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.

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Environmental Finance

OCTOBER 24, 2022

Being honest around what has led to failures to achieve transition targets is the "antithesis of greenwashing" but remains relatively uncommon among corporates at present, according to Impax Asset Management (AM).

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Sense and Sustainability

MARCH 3, 2021

Editor’s note : This is the second of two articles published concerning greenwashing, both historically and at present. What are the Alternatives to Greenwashing? How to Avoid Greenwashing? And the good news is that greenwashing is becoming less common in both small and large businesses.

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ESG Today

JANUARY 18, 2024

In addition to the new law, the EU Commission has also proposed a “Directive on Green Claims,” to protect consumers from greenwashing, aimed at establishing a new set of rules requiring companies to substantiate and verify their environmental claims and labels.

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ESG Today

NOVEMBER 16, 2023

Investors are increasingly concerned about corporate greenwashing, with nearly all reporting that they believe corporate reporting on sustainability performance contains unsupported claims, according to a new survey by global professional services firm PwC, which also found that investors want more information on the cost of companies’ ESG commitments, (..)

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Environmental Finance

JULY 1, 2024

A veteran green bond market participant said 'greenwashing' was not really present in the green bond market despite substantial hand-wringing around the topic.

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Chris Hall

FEBRUARY 2, 2022

Greenwashing poses a “real and present danger” to industry efforts to advance sustainability considerations in their investment processes. The Monetary Authority of Singapore (MAS) is planning to impose new supervisory expectations on ESG funds to help mitigate the risk of greenwashing.

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ESG Today

DECEMBER 12, 2023

The CMA said that its investigation forms part of its broader greenwashing investigation into whether consumers are being misled by the sustainability claims in the marketing of products and services. Cardell said: “So far, the evidence we’ve seen has raised concerns about how Unilever presents certain products as environmentally friendly.

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Corporate Knights

DECEMBER 1, 2023

As the COP28 meeting begins and the world looks to the financial sector to step up on the climate crisis, the global sustainable investment industry is finally coming to grips with allegations of greenwashing that have plagued it for years. where the tighter definitions have been felt most. “We

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