Tag: Greenwashing
Apple has secured a decisive legal victory in the United States after a federal court dismissed a high-profile greenwashing lawsuit challenging its “carbon neutral” claims for certain Apple Watch models....
As artificial intelligence becomes increasingly integrated into corporate operations and investment strategies, the collapse of Builder.ai offers a cautionary lesson for investors and business leaders alike. In the frothy years of artificial-intelligence...
The European Securities and Markets Authority has issued its second thematic note on sustainability related claims, expanding scrutiny of how asset managers and other market actors communicate environmental, social, and...
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 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...
BEUC and member organisations* from 13 countries have reported to EU authorities misleading commercial claims about the recyclability of their products by major drinking water bottle traders, such as Coca-Cola,...
The Federal Department of Finance (FDF) will draw up a proposal for implementing the Federal Council’s position on the prevention of greenwashing. Accordingly, the FDF informed the Federal Council at...
MEPs adopted a new voluntary standard for the use of a “European Green Bond” label, the first of its kind in the world. The regulation, adopted by 418 votes in...
On Thursday, MEPs backed draft legislation to improve product labelling and durability and to put a stop to misleading claims. With 544 votes to 18 and 17 abstentions, plenary approved...
New sustainable fund launches fell sharply in the first three months of 2023, led by a drop in Europe amid regulatory uncertainty and greenwashing concerns, Morningstar said. The estimated 113...
The EU Commission is proposing common criteria against greenwashing and misleading environmental claims. Under the proposal, consumers will have more clarity, stronger reassurance that when something is sold as green, it actually is green, and...
While a growing number of governments and non-State actors are pledging to be carbon-free, the criteria for net-zero commitments can have loopholes wide enough to “drive a diesel truck through”,...
Despite unfamiliarity with the term ESG, research indicates that ESG initiatives still have the potential to positively impact company sales and consumer sentiment Rising public concern surrounding environmental and social...
Norms may eventually apply to unlisted companies, KPMG says Regulator also plans to collect historical data on emissions India’s new environmental rules will help eliminate green washing by requiring companies...
Action adds to probes by SEC and federal prosecutors in the U.S. into asset manager’s claims of sustainable investing The Frankfurt offices of Deutsche Bank AG and its asset-management subsidiary DWS Group were...
The CMA is currently investigating the sustainability claims made by fashion businesses in the UK and earlier this month, published its advice to government following a public consultation. The consultation...
Many firms and people in Japan still consider ESG a “box-ticking exercise,” resulting in cases of greenwashing, according to former Goldman Sachs Japan vice chair Kathy Matsui. “ESG isn’t just...
The European Union’s markets watchdog said it will start working on a legal definition of “greenwashing” to underpin enforcement action as trillions of euros flow into funds that are advertised...
Join Neudata for our first Deep Dive into the series “Future of ESG”, as we discuss tackling Greenwashing Tackling Greenwashing In partnership with Morgan Stanley as Diamond sponsor. This event...
The standards, which are the result of a two-and-a-half year process, are meant to be used by investors to compare ESG products globally (Financial News London) – The CFA Institute...
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