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When entities claim that their products or services are “sustainable”, “carbon neutral” or “net-zero waste,” are their claims really substantiated? The Challenge of Greenwashing: An International Regulatory Overview Download In some cases, these claims are not fully based on facts or substance.
Hospitals around the world generate millions of tonnes of plastic waste annually. Much of this waste comes from single-use items such as face masks, surgical gloves, syringes, IV tubes and sterile packaging materials. Incinerating plastic medical waste also releases harmful chemicals into the atmosphere.
Smithfield Foods plans to turn some hog waste into biogas, but critics say the project does nothing about the larger problem of waste being stored in lagoons and sprayed on fields. North Carolina’s industrial-scale hog farms have long been a major source of pollution.
With plastic production rising exponentially, from 2 million metric tons in 1950 to more than 400 million metric tons in 2020 , and expected to double by 2040, it’s clear that plastic waste is increasing exponentially too, and credits by themselves can’t possibly keep up with the surge.
Waste has always been inflicted upon the margins,” said Oliver Franklin-Wallis, author of the new book Wasteland: The Secret World of Waste and the Urgent Search for a Cleaner Future. Waste, he writes, is often exported from rich countries to poor ones, a phenomenon known as “toxic colonialism.” “Too
Or, in the words of James Marape, president of Papua New Guinea, theyre now a total waste of time. Turning COP into a venue for greenwashing Oil and gas did not show up to the COP party uninvited. They are granted pavilions, theyre given official space for their greenwashing. As former U.S.
emissions through the carbon mitigation associated with a forest planted in Rwanda or a direct air capture project in Canada, a plastic credit could go to paying waste collectors in Bangalore or expanding a plastic processing facility in Indonesia. . The potential for greenwashing is high. Given that U.S.
Theme: Navigating the energy transition Register today Thursday 14 November 2024 11:30am – 1:00pm (GMT+4) | Greenwashing: Are your green claims robust enough to withstand scrutiny and avoid greenwashing accusations? With sustainability and transparency at the forefront of the business landscape, the issue of greenwashing has emerged.
The investigation comes as EU regulators and lawmakers have taken a series of actions aimed at addressing greenwashing and protecting consumers from misleading sustainability claims. In the UK , the Competition and Markets Authority (CMA) has focused most of its greenwashing efforts to date on the fashion sector.
The lawsuit comes as companies globally face increasing scrutiny of their environmental sustainability claims, with consumers and regulators increasingly on the lookout for greenwashing, or claims that exaggerate or misrepresent the impact or sustainability profile of products and business operations.
The greenwashing case was brought by Austria’s Association for Consumer Information (VKI). SAF is generally produced from sustainable resources, like waste oils and agricultural residues, providing substantial emissions reductions relative to current fossil-based jet fuels. between Vienna and Venice.
Smithfield Foods now plans to turn some hog waste into biogas, but critics say the project does nothing about the larger problem of waste being stored in lagoons and sprayed on fields. North Carolina’s industrial-scale hog farms have long been a major source of pollution. Read more →
To achieve the approved sustainable travel badge,” the survey notes, “each hotel has to share their carbon emissions, water consumption, food consumption and waste, animal welfare, and many other environmental factors.”. Hanson says 85% of the hotel’s waste is diverted from landfill, and the goal is to achieve zero waste.
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.
Greenwashing in Brand Marketing. There is a growing public perception that some organizations are engaging in what has been termed “ greenwashing.”. Greenwashing encompasses several unsavory marketing practices by organizations hoping to cash in on public demand for sustainability. How to avoid greenwashing.
The heavier lift comes from sustainable aviation fuel — SAF, for short — which can be made from a variety of substances, including used fats and oil as well as agricultural waste. Japan Airlines said it will start using biofuel made from household waste beginning in 2022. It’s not just passenger carriers.
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.
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. .”
There’s a lot of work to be done to advance the circular economy and ensure that we are moving away from a linear ‘take-make-waste’ system.” We know that everything we call waste could be a valuable resource.” A member of the Métis Nation of Ontario, Laplante founded Hempergy , an award-winning hemp-waste insulation start-up, in 2019.
At launch, the new Hong Kong Taxonomy covers 12 economic activities across 4 sectors, including power generation, transportation, construction, and water and waste management. Going forward, the HKMA said that it aims to expand the taxonomy’s coverage to include more sectors and activities, including adding transition activities.
Clothing production accounts for 10% of global CO2 emissions and textile dying yields 20% of global waste water. Additionally, some businesses are trying to convince consumers that their products are more sustainable than they are by using “greenwashing” buzzwords like “zero waste” and “organic.”.
Each tracker contains less than two grams of lithium and can be recycled with plastic waste, according to Moeco’s press materials. However, I also think a tracker that can subsequently be tossed is an easy business model to develop and an even easier sell, which means I cynically think this may be a case of greenwashing.
Companies in the plastic value chain play a crucial role in supporting states as they have the data needed to address the full lifecycle of plastics and support investment in circular forms of waste management globally. This was stated by the Plastic Footprint Network at the event.
Billion Green Bond Private Equity & Venture Capital JPMorgan Builds Out Sustainable Growth Private Equity Team ESG Data Startup Atlas Metrics Raises €5.2 Million to Build Out Platform Sustainable Protein Company Unibio Announces $70 Million Investment from SIIG Exec Moves Mirova Appoints Zineb Bennani as U.S.
It also alleges that they failed to dispose of waste properly, and exacerbated flooding by clearing forests in water catchment areas. Instead of greenwashing, these multi-billion dollar companies should use their public platforms to ensure AAL remedies the harm it has done to impacted communities and the environment.”
billion metric tons of plastic waste generated between 1950 and 2015, only about 9% of it has been recycled. s plastic waste converted into new products in 2021. It takes waste plastic, heats it at high temperature, and then creates a low-grade fossil fuel.” Greenwashing Groups?
Greenwashing” is the act of misleading or falsely claiming that a company’s products or processes are more “environmentally friendly” or “sustainable” than they really are. Some of the common areas that companies will track KPIs are for usage and emissions of water, energy, materials, waste, and supply chains.
SAP’s focus on green customer experiences supports businesses with climate transparency, waste reduction, and circular practices – all while prompting long-term behavioral change. Reduce Waste. We know that forward-thinking businesses are eager to respond to customers’ appetite for sustainability. Embrace Circularity.
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.
For example, despite nearly every survey showing that a sizable majority of consumers want to reduce their own plastic waste, the pandemic has necessarily increased the use of single-serve and disposable products and packaging. That feels like an honest appraisal, more so than most survey results by purportedly green-shopping consumers.
How they operate in a very autocratic top-down manner, they sup- press free speech in their companies, and engage in the mistreatment of workers and consumers and greenwashing of environmental issues. There’s a lot of exposés about how bad so many CEOs of major corporations are these days. Without the civil society, nothing works.
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.
Sustainable and responsible sourcing: Supply chain diversity has been readily adopted by companies in recent years, but what about carbon, water, waste, and other elements of ESG that companies still need to tackle with their suppliers? Net zero emissions: How can your company work toward a carbon neutral status?
Carpet waste is a huge issue in UK, as an area the size of Birmingham is thrown away every year. Carpet Recycling UK, a trade association set up to encourage carpet recycling, oversees 73% of diverted carpet waste being sent to incineration at an approximate climate cost of £16.5 Less than 2% of carpet waste is actually recycled.
Organizations should consider integrating circular principles in their business models to reduce waste, extend the lifespan of their products, and appeal to sustainability-conscious consumers. Close the perception gap As sustainability initiatives become more prevalent across companies, consumers are becoming more skeptical of greenwashing.
It also investigated the most prominent group initiatives, such as the Alliance to End Plastic Waste and the New Plastics Economy Global Commitment by the Ellen MacArthur Foundation, that these companies have signed up to. Images of animals choked by plastic and mountains of plastic waste are published daily. Case study: Coca-Cola.
Gaute Juliussen, CEO and Founder of Toraphene, commented: “Amidst a climate crisis, plastic waste is known to be a huge, global problem and many plastic alternatives now exist, so why don’t we see them everywhere?”. Such plastics make up 23 percent of marine waste.
The group says it “has demonstrated how the voluntary approach can deliver measurable outcomes, with the Courtauld Commitment reducing the UK’s food waste by 27% since its launch 17 years ago.” The agreement is a catalyst for change around reductions in GHGs and food waste, and is delivering sustainable water management.
Greenwashing,” or misrepresenting investment processes and objectives to clients, is a real risk. The market has told us that ceding responsibility for social change to governments alone, as some critics suggest, would be a mistake and a huge wasted opportunity. To be sure, the sustainable investing boom is not without risks.
Microsoft has engaged extensively in sustainability initiatives, including committing to becoming carbon neutral, water positive, and zero waste by 2030. Consumers are now rightly attuned to potential greenwashing; in response, brands are becoming too precautionary and restrictive in their approach to sustainability communications.
SAF is generally produced from sustainable resources, like waste oils and agricultural residues. It’s not about offsets or things that are just greenwashing. SAF producers estimate the fuels can result in lifecycle GHG emissions reductions of as much as 85% relative to conventional fuels. This fund is unique.
Sanch Gupta and Milton Calderon Donefer have saved 52,000 pounds of food from going to waste and delivered more than 60,000 meals to homeless shelters in eight cities. million tonnes of plastic waste over the following decade. I firmly believe in waste reduction and working on leaving the world a better place than I found it,” he says.
More broadly, growing requirements to provide ESG-related disclosure are expected to raise legal, regulatory and reputational risks for companies, both on their ESG positioning, as well as the potential for misrepresentation, particularly for financial institutions, as financial regulators turn their focus to addressing greenwashing concerns.
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