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Tag: Greenwashing
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...
Global sustainable bond issuance is projected to hit $1 trillion in 2025, sustaining the momentum from 2024. ESG Challenges Deepen Big picture: The gap between decarbonization goals and real-world implementation...
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...
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...
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...
The European Securities and Markets Authority (ESMA) has published an Opinion on enhancing the Sustainable Finance Regulatory Framework, highlighting potential long-term improvements. Current Framework ESMA recognizes the robust development of...
Canada has amended the Competition Act to address greenwashing, imposing strict requirements for substantiating environmental claims. Businesses face substantial penalties and increased litigation risks if found non-compliant. Urgent review of...
Executive Summary The European Supervisory Authorities (ESAs) have proposed new categories for financial products under the Sustainable Finance Disclosure Regulation (SFDR) to address greenwashing and improve clarity for investors. The...
Key Impact Points: Green Claims Directive: Council Moves ForwardThe Council has adopted its stance on the green claims directive, aiming to combat greenwashing and empower consumers to make informed, eco-friendly...
The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published their Final Reports on Greenwashing in the financial sector. Key Impact Points: The European Supervisory Authorities (EBA, EIOPA,...
Key Impact Points: EU Watchdog, The European Securities and Markets Authority (ESMA) has finalized guidelines aimed at curbing greenwashing in the investment sector. These new rules are designed to protect...
Following an alert from the European Consumer Organisation (BEUC), the European Commission and EU consumer authorities (Network of Consumer Protection Cooperation – CPC – Authorities) sent letters to 20 airlines identifying...
The District Court of Amsterdam has found KLM’s greenwashing in its advertising illegal, setting a major legal precedent with ramifications across the international aviation sector and for all companies advertising...
The Internal Market and Environment committees adopted on Wednesday their position on the rules on how firms can validate their environmental marketing claims. The so-called green claims directive complements the already-approved...
By: SESAMm Sustainability trends have become ubiquitous in the business world, mainly due to the attention ESG is receiving. To state the obvious, this is a positive trend as it helps...
Individual investor interest in sustainability is on the rise, according to survey findings in a new “Sustainable Signals” report by the Morgan Stanley Institute for Sustainable Investing and Morgan Stanley Wealth Management....
Parliament has given its final green light to a directive that will improve product labelling and ban the use of misleading environmental claims. The directive adopted today with 593 votes...
Parliament has adopted its position on a new EU certification framework for technological and natural carbon removals to help achieve EU climate neutrality by 2050. With 448 votes to 65...
LONDON, 15 November 2023 – More than nine in ten investors (94%) believe corporate reporting on sustainability performance contains unsupported claims, according to PwC’s 2023 Global Investor Survey, launched. The survey – now...
