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Category: Greenwashing
A German court has barred Apple from marketing its Apple Watch as “CO2 neutral,” ruling that the company misled consumers about the durability of its offsets. The Frankfurt decision, issued...
• Confirms continued commitment to anti-greenwashing law after confusion over withdrawal• Microenterprise exemption remains the key sticking point• Final outcome hinges on Council clarity and political consensus The European Commission...
In a formal letter to Commissioner Jessika Roswall, the European People’s Party (EPP) has called for the complete withdrawal of the EU’s proposed Green Claims Directive (GCD), citing significant concerns...
The U.S. Securities and Exchange Commission (SEC) has formally withdrawn two proposed rules central to the Biden-era ESG regulatory agenda—one requiring enhanced ESG disclosures from investment advisers, and another revising...
The Competition Bureau of Canada has finalized its guidelines on environmental claims, marking a significant step in enforcing recent greenwashing provisions added to the Competition Act. “These guidelines are designed...
A new EY Institutional Investor Survey highlights growing skepticism and inaction within the investment community regarding ESG (Environmental, Social, and Governance) priorities. Investors wary of ESG reporting The survey of...
The Securities and Exchange Commission (SEC) charged Atlanta-based investment adviser Invesco Advisers, Inc. with making false statements regarding the integration of ESG factors in their asset management. From 2020 to...
Greenwashing Fears in Sustainability Reporting: CFOs and Investors Sound Alarm Concerns over the credibility of sustainability claims are growing, with 55% of CFOs surveyed in EY’s 2024 Global Corporate Reporting...
Key Impact Points: The Securities and Exchange Commission (SEC) has charged New York-based investment adviser WisdomTree Asset Management Inc. with making misstatements and failing to comply with its own investment...
Key Impact Points: The International Chamber of Commerce (ICC) has launched its Principles for Sustainable Trade Finance (PSTF) at Sibos 2024 in Beijing. Developed in partnership with industry leaders, including...
BlackRock Under Scrutiny for ‘Sustainable’ Investments ClientEarth, an environmental law organization, has taken legal action against BlackRock, the world’s largest asset management firm, for alleged greenwashing. The complaint, filed with...
The big picture: Italy’s antitrust agency has launched an investigation into Shein’s website operator, Infinite Styles Services Co., over potentially misleading environmental claims. The investigation targets Infinite Styles Services CO....
TotalEnergies SE faced a significant setback when South Africa’s Advertising Regulatory Board (ARB) ruled that the company’s sustainability claims were “misleading,” marking the first such challenge in the country. Fossil...
A recent report by Environmental Resources Management (ERM) highlights a significant issue within the ESG rating market: greenwashing. According to the study, 68% of corporate leaders in the United States...
In a landmark ruling, Australia’s Federal Court ordered Mercer Superannuation (Australia) Limited to pay an $7.4 million penalty for misleading claims about the sustainability of its superannuation investment options. Mercer...
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