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Tag: Greenwashing
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...
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