What to know about Europe's new anti-greenwashing laws
GreenBiz
DECEMBER 13, 2022
Supply chain transparency is crucial to building consumer trust in the face of greenwashing.
Beyond wars and pandemics, the climate crisis is the greatest risk to food supply chains
Corporate Knights
MARCH 28, 2022
This disruption, like that from the pandemic, highlights some of the risks built into our highly efficient, trade-dependent food supply chain. Sustainable supply chain standards and guidance for food and agriculture companies are currently evolving, meaning that the plane is being built as it flies.
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Are you greenwashing, wishing or walking?
GreenBiz
JULY 15, 2021
Are you greenwashing, wishing or walking? Some boards approve, some feel comfortable doing so and are hoping for the best; others are afraid to be called out on greenwashing but approve them anyway, because "everyone else" are setting goals. Supply chains are, and will likely be, more disrupted "than normal." Pull Quote.
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Is the burgeoning 'plastic credits' market a new wave of greenwashing?
Corporate Knights
OCTOBER 19, 2023
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.
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New tracking tool helps companies prove their supply chains aren’t harming biodiversity
Corporate Knights
NOVEMBER 17, 2023
A new platform allows companies and landowners to monitor the ecosystems in their supply chains, as governments around the world increasingly consider regulations that require businesses to account for biodiversity. I think it’s the opposite of greenwashing — it’s adding integrity to the processes, and that’s what we all want.
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Guest Post – Supply Chain ESG: The Marathon Has Already Started
ESG Today
MAY 23, 2023
The demand for sustainable and transparent supply chains is at an all-time high, but multiple recent studies have shown that nearly three-quarters of manufacturers rate themselves as being at the beginning or foundational stages of supply chain sustainability program maturity. The market is cracking down on greenwashing.
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ESG Today: Week in Review
ESG Today
NOVEMBER 3, 2024
million pounds of plastic from flights; KKR, ECP to invest $50 billion in datacenter capacity and power generation; law firms ramp up ESG training for lawyers; capital raises for sustainable heating, industrial decarbonization, energy sector emissions solutions, and more. Copper Mine Operations to Renewable Diesel Southwest Airlines Eliminates 1.5
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What Greenwashing Risks Mean for the Legal Profession
3BL Media
NOVEMBER 18, 2024
As companies respond to demands for both mandatory and voluntary ESG disclosures, the risk of greenwashing grows. Investors and customers are also initiating litigation to hold companies accountable for greenwashing. Why evaluate greenwashing risks? Recent studies highlight how prevalent greenwashing has become.
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Over Half of Companies Potentially Greenwashing Says Australia Competition Regulator
ESG Today
MARCH 6, 2023
Australia’s competition regulator the Australian Competition and Consumer Commission (ACCC) said that it will be investigating companies for potential greenwashing, after it conducted a study that found concerning environmental or sustainability-related claims from over half of businesses reviewed.
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SAP Launches Solution Enabling Companies to Track, Report Carbon Footprint of Products and Services
ESG Today
DECEMBER 16, 2024
Besides smart, reliable regulation also accurate data on emissions along the supply chain is paramount to trigger the necessary investment. Only by moving from averages to actuals audited at reasonable assurance can freeriding and greenwashing be avoided, thereby protecting such valuable investment and our planet.
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India Proposes Supply Chain ESG Disclosure, ESG Investing Rules
ESG Today
FEBRUARY 21, 2023
Noting that investors and other stakeholders will be increasingly relying on these reports, SEBI’s consultation paper said that “assurance becomes key for enhancing credibility of disclosure and investor confidence,” and that more transparency is required in the supply chains of reporting companies.
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ESG Today: Week in Review
ESG Today
NOVEMBER 10, 2024
This week in ESG news: Canada to require oil & gas industry to slash emissions; California’s climate reporting law survives legal challenge; Mizuho invests in climate solutions provider Pollination; new clean energy deals signed by H&M, Meta, Saint-Gobain; incoming EU finance Commissioner calls for sustainable investment labels, reduced SFDR (..)
Guest Post: ESG Risks in the Supply Chain and Identifying Weaknesses
ESG Today
JUNE 27, 2022
Without ‘one true view’ of ESG risk, your business is less likely to be able to connect remote workers, supply chains and your day-to-day operations which help to identify weaknesses or make improvements. When it comes to the integrity of your ESG programme and achieving your objectives, access to data is a key priority.
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A Framework for Companies That Want to Avoid Greenwashing
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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Canadian Regulator Launches Greenwashing Investigation into Lululemon Environmental Claims
ESG Today
MAY 8, 2024
The investigation follows environmental sustainability-focused non-profit Stand.earth in February focused on claims made by the company regarding the green attributes of its products, operations, goals and supply chain, and Be Planet the environmental pillar of lululemon’s sustainability strategy.
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To boost competitiveness, Europe proposes slashing key climate rules
Corporate Knights
MARCH 3, 2025
In addition, obligations to track issues like human rights and carbon emissions in company supply chains will apply to direct business partners only, rather than the entire chain of suppliers. Supply chain audits will be required once every five years rather than annually.
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A look at the secret world where our waste ends up
Corporate Knights
SEPTEMBER 21, 2023
The supply chain that takes apart our stuff is sometimes just as complicated as the ones making them in the first place,” he said. The supply chain that takes apart our stuff is sometimes just as complicated as the ones making them in the first place.
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What Are the Business Risks Associated With Transitioning to a Low-Carbon Economy?
3BL Media
AUGUST 25, 2022
An audit will reveal gaps and opportunities, which may lead to recommendations for new investments, supply chain shifts, searches for different vendors and more. Lack of visibility and perceptions of “greenwashing”. No one should mistake these energy transition commitments as short-term, passing endeavors.
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How the garment industry has (and hasn’t) changed 10 years after the Rana Plaza disaster
Corporate Knights
APRIL 28, 2023
Are we addressing the fragmented supply chains, culture of subcontracting, unliveable wages, systemic racism, sexism and infrastructural overhaul needed to protect garment workers? The act will mandate supply-chain mapping, impact disclosures and the implementation of science-based climate targets. Yes and no.
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ESG Today: Week in Review
ESG Today
JUNE 23, 2024
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Microsoft Purchases Carbon Credits Helping U.S.
Investors, Businesses to Increase ESG Investment Despite Greenwashing Scrutiny & Political Pushback: Bloomberg Survey
ESG Today
NOVEMBER 13, 2023
More than 90% of executives and investors agreed that “AI is a friend of ESG,” with top cited benefits including better data estimation, improved supply chain traceability, and the ability to track controversies.
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New York Launches Greenwashing Suit Against World’s Largest Beef Producer JBS
ESG Today
MARCH 6, 2024
We will cut our own emissions by 30% in 2030 and eliminate Amazon deforestation from our supply chain within five years.” “JBS JBS USA’s greenwashing exploits the pocketbooks of everyday Americans and the promise of a healthy planet for future generations. Bacon, chicken wings, and steak with net zero emissions.
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Blockchain vs. Greenwashing: Why Emissions Reporting is Pointless Without Verifiable Data
James Militzer
SEPTEMBER 4, 2024
But Scope 3 emissions are much more complex, as they encapsulate the environmental impact of a company’s entire supply chain. However, it’s difficult to gather reliable data on these emissions, and without solid evidence, this reporting can be an exercise in greenwashing.
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CSDDD Exposes Fashion Supply Chains to Compliance Risks
Chris Hall
JUNE 19, 2023
Landmark due diligence directive marks an “increasingly aggressive” regulatory approach in assessing textile firms’ supply chain impacts amid green claims clampdown. It also noted a rise in international efforts to crack down on disingenuous ‘green credentials’.
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Cooking the books: The magical math of ‘climate-friendly’ meat
Corporate Knights
APRIL 18, 2024
As NYU’s Hayek points out, the Scope 3 emissions that Maple Leaf doesn’t include are “the largest slice of their supply chain.” Over 90% of most major meat and dairy companies’ emissions – representing Scope 3 third party supply chain emissions – are mostly omitted from their climate goals.”
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CSDDD Exposes Fashion Industry Supply Chains to Compliance Risks
Chris Hall
JUNE 19, 2023
The EU’s landmark sustainability due diligence directive marks an “increasingly aggressive” regulatory approach in assessing textile firms’ supply chain impacts amid green claims clampdown. It also noted a rise in international efforts to crack down on disingenuous ‘green credentials’.
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ESG Today: Week in Review
ESG Today
MAY 12, 2024
This week in ESG news: Microsoft signs record-breaking carbon removal deal; EY survey finds over half of CEOs say sustainability a higher priority vs one year ago; BCG sustainable aviation deal to cut 100,000 tons of emissions; ERM launches carbon credit consulting business; KKR & HASI launch $2 billion sustainable infrastructure investment partnership; (..)
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Why are financial advisers shunning green funds?
Corporate Knights
JANUARY 8, 2025
Tim Nash, founder, Good Investing Morningstar says that after three years of high growth, managers are being more selective and tactical in their approach ahead of anti-greenwashing regulations in the United Kingdom and Europe. Retail investors push for green funds Its not all doom and gloom.
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How EHS&S Can Partner With Marketing for an Authentic Brand Sustainability Message
3BL Media
DECEMBER 12, 2022
Since the environmental, social, governance (ESG) ratings used in the investment world are contingent on not only your business meeting sustainability requirements but also the sustainability of your supply chain, sustainable marketing can increase your visibility to both investors and those seeking more sustainable supply chain opportunities.
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ESG Today: Week in Review
ESG Today
OCTOBER 13, 2024
Operations Rio Tinto Acquires Arcadium Lithium for $6.7 Solar PV Manufacturing Capacity Green Data Center Solutions Provider Submer Raises $55.5
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ESG Today: Week in Review
ESG Today
OCTOBER 1, 2023
Billion for Sustainable Food Chain Fund Infrastructure Tech Startup Neara Raises $24 Million to Help Utilities Deploy Renewable Energy, Reduce Climate Risk InterContinental Energy Raises $115 Million to Develop Green Hydrogen Projects
Oil industry pioneer wants to lead sustainable aviation revolution. Will it take off?
Corporate Knights
JANUARY 17, 2023
In May 2022, Carlos Calvo Ambel, a senior director of the Transport & Environment environmental campaign group, called the band Coldplay “useful idiots for greenwashing” Neste’s image. The company did not specifically deny that deforestation had occurred in its supply chain.
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Article 8, Greenwashing and Transparency
Chris Hall
OCTOBER 25, 2024
Greenwashing: not just a reputational issue Greenwashing is one of the most tangible risks linked to financial sustainability, and Article 8 plays a crucial role in preventing this practice. The post Article 8, Greenwashing and Transparency appeared first on ESG Investor.
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ESG Today: Week in Review
ESG Today
OCTOBER 30, 2022
Apple to Track Suppliers’ Emissions, Targeting a Decarbonized Supply Chain by 2030. UK Regulator Targets Greenwashing with New Sustainable Investment Labels and Disclosure Rules. Greenwashing Top of Mind for Execs, as War & Inflation Threaten Corporate Climate Progress: Deloitte. Government & Regulators.
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The Globalization of ESG Data
3BL Media
FEBRUARY 17, 2022
We’ve globalized culture (films, books, TV series) and supply chains. Professor Yilin Shi (a CSRHub subscriber) reported evidence that many companies may be “greenwashing” their supply chains. They disclose good supply chain ESG behavior and suppress bad information. SOURCE: CSRHub.
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Global Trade and Climate Change Will Impact U.S. Grocery Bills—Fairtrade America Offers Key Strategies for 2025
3BL Media
DECEMBER 10, 2024
Only when climate change adaptation at the farm level becomes a shared responsibility across the supply chain will global market prices stand a chance of stabilizing. Supply chains are global. This is a challenge because concern for greenwashing has grown alongside rates of general corporate distrust. Even if U.S.
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EcoVadis Named a Leader in ESG Ratings, Data, And Analytics Report
3BL Media
SEPTEMBER 1, 2022
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
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Sustainable Apparel Coalition Joins Global Net Zero Workshop
3BL Media
NOVEMBER 29, 2023
He noted that environmental footprint labels may not be as effective to drive positive change up the supply chain, and referenced a 2020 Compare Ethics study which found that only 20 percent of consumers trust eco labels.
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Kellogg’s supplier controversy in Indonesia shows palm oil is still a problem
Corporate Knights
SEPTEMBER 15, 2023
They will also have a hard time complying with the new European regulation on deforestation , which requires companies selling products in the EU market to conduct due diligence to eliminate deforestation and human rights abuses from their supply chains.
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Time to Face our Challenges Head-on
Chris Hall
JANUARY 10, 2025
The answers to these questions will be shaped by the regulatory requirements faced by investors, including their fiduciary duties, their disclosure requirements, and the need to avoid greenwashing.
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ESG Today: Week in Review
ESG Today
DECEMBER 17, 2023
This week in ESG news: COP28 ends with first-ever agreement to transition away from fossil fuels; BlackRock identifies the low carbon transition as a 2024 investment “mega force”; BCG signs 15-year deal to capture carbon from atmosphere; EU lawmakers reach landmark deal on law to address human rights & environmental impact in corporate value chains; (..)
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RepRisk Launches New ESG Due Diligence Scores to Assess Companies’ Specific Sustainability Risks
ESG Today
JUNE 5, 2024
Alexandra Mihailescu Cichon, Chief Commercial Officer at RepRisk, said: “For a long time, banks, investors, and businesses have been searching for readily deployable thematic risk metrics to streamline their due diligence processes when making financing or investment decisions, engaging new suppliers, or expanding operations.
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ESG Today: Week in Review
ESG Today
JANUARY 21, 2024
This week in ESG news: EU Parliament approves new anti-greenwashing law; investors urge Shell to set Paris-aligned climate targets; Barclays launches new sustainable banking, energy transition investment banking teams; PwC CEO survey finds companies upskilling workers for climate megatrend; Australia drafts law requiring mandatory climate reporting; (..)
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AI start-up aims to predict if the world can really avoid a long-term increase in global climate temperature
Envirotec Magazine
SEPTEMBER 26, 2022
Most large company carbon emissions come from their supply chains and the SMEs in them. Supply chain emissions are on average 11 times higher than those produced by a corporation’s own direct activity, according to CDP.
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