greenwashing Archives - Living Business

category="<a href="https://livingbusiness.com/category/governance/green-financing/" rel="tag">Green financing</a>">Tag: greenwashing

What green finance and carbon markets mean for the GCC

By Third party content on April 4, 2023

The 28th edition of the Conference of Parties (Cop28) is fast approaching and the UAE, as the host nation, and the Middle East more generally are gearing up to show leadership and initiative in effectively tackling climate change issues. The key question is how Gulf states’ net-zero pledges will be put into action in the coming decade. A critical […]

EU clamps down on misleading ecolabels with penalties against greenwashing

By Third party content on March 28, 2023

The European Commission tabled new legislation on 22 March 2023 to tackle misleading environmental claims by introducing penalties against greenwashing and tighter rules for the approval of new ecolabels. The proposed Green Claims Directive aims to reduce greenwashing and enable consumers to make informed purchasing decisions based on reliable information about the sustainability of the products they […]

10 steps to avoid greenwashing

By Keith Bradley on January 24, 2023

Over the last few years, companies have jumped into the climate fray with gusto, announcing net-zero commitments and speaking ardently about doing their part. But talk is cheap, and decarbonization is difficult. While a third of the world’s largest companies have net zero goals, only 7 percent of those companies are on-track to meeting them. The rest […]

Germany: Deutsche Bank raided in ‘greenwashing’ probe

By Third party content on June 2, 2022

Investigators carried out searches at Deutsche Bank and its subsidiary DWS as part of an investigation into investment fraud. Prosecutors in Frankfurt raided the offices of both Deutsche Bank and its asset management subsidiary DWS on Tuesday as part of an investigation into so-called “greenwashing.” The searches related to allegations of financial institutions marketing investment products […]

ClientEarth commences legal action against Dutch airline KLM for greenwashing

By Keith Bradley on May 29, 2022

The airline industry has a climate problem. Aviation relies on highly polluting fossil fuels, and expert studies warn that the airline industry cannot reach net zero by 2050 and align with climate goals without lowering air traffic. However, KLM’s marketing campaign attempts to convince consumers otherwise, giving a false impression of the sustainability of its […]

UK urged to legally define sustainability in greenwashing clampdown

By Press release on March 22, 2022

The UK Competition and Markets Authority (CMA) has advised the government to clarify the law on providing environmental information to consumers – including having standard definitions for terms like ‘carbon neutral’ which it says will help make it easier for shoppers to make choices around sustainability. Following a public consultation, the CMA has recommended a number […]

Top corporations use misleading climate pledges to greenwash image, new report

By Press release on February 13, 2022

Major global companies are avoiding meaningful climate action and are instead using false, misleading or ambiguous green claims, a new report shows. The first Climate Corporate Responsibility Monitor assesses the pledges made by 25 of the world’s largest corporations, many of them household names, against a set of transparent quantitative and qualitative indicators. Issued on […]

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