The European Parliament has voted in favour of new rules which require companies to consider their impact on the environment and human rights, also introducing a directive for the development of climate transition plans.



Fintech Global

EU votes for corporations to adopt climate transition plans in corporate sustainability overhaul

An analysis of more than 650,000 corporate sustainability initiatives over the past two decades has revealed that only 6% are related to biodiversity.



edie

Only 6% of corporate sustainability initiatives focused on biodiversity

The world has reached a major milestone in the shift from carbon-based fuels to renewable energy: Investment in solar power exceeded the money put into oil development in 2022

Yahoo News

How solar investments are powering the 'net zero' crusade

The topic of corporate sustainability has been delegated or tasked to the corporate social responsibility program. However, one of the significant challenges of corporate sustainability is it could quickly become overwhelming.

Varsity UK

What Are The Five Key Components Of Corporate Sustainability?

Market participants expect the anti-greenwashing rule to remove any lingering ambiguity around sustainability claims


IFLR

UK anti-greenwashing rule to fill conduct gaps

Sweep, a France-based CO2 and ESG management platform, on May 24 announced the launch of Sweep for Compliance, the first solution to offer reliable, transparent, and audit-ready reporting that complies with the EU’s newly introduced Corporate Sustainability Reporting Directive (CSRD).



Carbon Herald

Sweep Introduces Reporting Solution To Comply With EU Sustainability Regulations 

When it comes to addressing climate change, reducing carbon emissions is — understandably — the highest-profile tool available to governments, corporations and individuals. But it’s not the only tool out there; there’s also direct air capture, which removes carbon dioxide from the atmosphere.

InsideHook

JPMorgan Announces Ambitious Carbon Removal Investment

As many countries around the world try and reach the ambitious goal set at COP26 of reaching Net Zero by 2050, just how is the banking sector adapting to the challenge?

Euronews

Investing in the Green Revolution

The International Chamber of Shipping (ICS), representing the global shipping industry, is urging governments at the UN’s International Maritime Organization (IMO) to take decisive action towards achieving a net zero carbon emissions future.

gCaptain

International Chamber of Shipping Urges Governments to Set Course for Net Zero Future

Despite intensifying ESG backlash, most Americans continue to favor companies taking action to promote the greater good, new research from Allison+Partners shows.

PRovoke Media

Most Americans Still Support Corporate ESG

As the commonwealth moves forward with its ambitious mandate to achieve net-zero greenhouse gas emissions by 2050, it’s essential that we have a real plan for implementing a real solution

CommonWealth Magazine

We must pursue a real plan for net-zero emissions by 2050

Despite disagreements between politicians, finance leaders, and corporate boards over adopting an environmental, social, and governance framework in investing, termed ESG, Americans don’t care, a new poll shows. 

USA Today

U.S: 'Woke' or not, many Americans ignore ESG in investing, despite political tug-of-war

Indian companies such as Hindustan Unilever, Infosys, EY and Procter & Gamble are increasingly involving employees across all levels in their sustainability initiatives, believing that this fosters increased job satisfaction and motivation and helps to attract talent.

Economic Times

Sustainability at work: companies involve employees in larger cause

Many corporations claim their products are “green-friendly.” But how do you know if what they’re selling is truly eco-safe? 


The Conversation

How corporations use greenwashing to convince you they are battling climate change

Frontier, the group of corporate giants helping to expand the carbon removal market, just unveiled its largest deal by far.



Axios

Corporate heavyweights unveil major carbon removal deal

Sustainability makes corporate production responsible and the average consumer more aware of every action

Down to Earth

It is imperative to decouple sustainability and greenwashing

Japan-based academic Kim Schumacher, who coined the term "competence greenwashing", believes that the pursuit of societal harmony might be standing in the way of Asia calling out greenwashing

Eco-Business

Is Asia slower to tackle greenwashing because it is conflict avoidant?

The trading of carbon credits can help entities and the world meet their climate goals by cutting carbon emissions and practicing sustainable business. While some companies have various means to get rid of their footprint, many simply don’t have any at their disposal. And so using carbon credits is a necessity for them.

Carbon Credits.com

Carbon Credits and the Future of Sustainable Business: Exploring Best Practices

From avoiding greenwashing to confronting haters and critics, there's no end of things to think about



GreenBiz

Surviving the real-world challenges of sustainability communications

Currently, judicial and legal reforms are one of the top priorities for the Government of the Republic of Uzbekistan and there is no doubt that lawyers play a crucial role in these processes.

Organization for Security and Co-operation in Europe

OSCE organizes human rights training for lawyers in Samarkand

Net Zero | Corporate Sustainability

Leatherhead Food Research advises food producers - including those in the bakery and snacks sectors - to act now to assess the potential impact of the European Commission’s proposed Green Claims Directive on their products.

Bakery & Snacks

Regulators are set to take a hard-line approach to greenwashing: Three key steps to avoid risking severe reputation damage

Regulators noted that the sustainable finance regulatory framework is not yet fully developed or is still at an early stage of implementation, which suggests that benefits of some rules are not fully visible yet.



Finance Feeds

Eu Regulators Debate Greenwashing And Its Risks, Final Report Next Year

European Banking Authority says there is a ‘clear increase’ in financial institutions overstating their climate credentials


Financial Times

EU regulators flag rising greenwashing practices by banks

A Delta passenger is suing the airline over its claim that it is "carbon-neutral," alleging that the three-year-old pledge is nothing but greenwashing.



CBS News

Delta faces lawsuit alleging its "carbon-neutral" claim is greenwashing

The Cop28 president, Sultan Al Jaber, has been accused of attempting to “greenwash” his image after it emerged that members of his team had edited Wikipedia pages that highlighted his role as CEO of the Abu Dhabi National Oil Company (Adnoc).



The Guardian

Cop28 president’s team accused of Wikipedia ‘greenwashing’

The recognizable chasing arrows icon could be doing more harm than good—so the EPA wants to toss it.



Popular Science

Why the recycling symbol is part of a ‘misinformation campaign’

Greenwashing undermines efforts towards sustainability and perpetuates unsustainable practices within the fashion industry.

YourStory

Greenwashing in Fashion Industry: How Consumers Can Make an Informed Decision

A new report published by the Australian Securities and Investments Commission (ASIC) is a clear signal that ‘greenwashing’ remains one of its top enforcement priorities.

Pinsent Masons

Australia continues crackdown on ‘greenwashing’ activity

Companies implement corporate social responsibility (CSR) as a way to present an environmentally responsible image and therefore gain legitimacy in the eyes of their stakeholders. But some companies don’t actually live up to their claims.



Greenwashing: energy companies make false claims about sustainability – they should be held to account

The European Commission ("Commission") is relentless in its fight against Greenwashing and the misrepresentation of sustainability impacts or benefits of a company’s products or actions.

JD Supra

ESG liability and litigation risks with a focus on Germany

The proposed rules for the “Green Claims Directive” would require firms to substantiate their green claims with scientific evidence.


Frontline

How the EU plans to redress ‘greenwashing’

In November, the UN Secretary-General, António Guterres, wryly commented that companies have been able to make green claims knowing that there were “enough loopholes to drive a diesel truck through”.



Circular Online

Will “Greenwashing” be replaced by “Greenhushing”?

Greenwashing isn’t only a problem simply because the authorities are paying more attention to it these days. It’s an issue for consumers too. They don’t like it and will actively shun brands who’ve been caught embellishing their green credentials.


Fashion Network

Britons angry about greenwashing, will reject guilty brands

The world has reached a tipping point where the trend towards sustainability has become irreversible. But how can investment banks ensure that their clients are not ‘greenwashing’ to access funding?



The Banker

Tackling the scourge of greenwashing

H&M has beaten a proposed class action lawsuit over its alleged scheme of greenwashing its fast fashion wares. By marketing its Conscious collection products as “sustainable” or “environmentally friendly” when they are not, the plaintiffs argued in the suit they filed last year that H&M was running afoul of California and Missouri state laws.

The Fashion Law

H&M Beats Lawsuit Accusing it of Greenwashing its Fast Fashion Wares

Insiders welcome stricter rules in the UK and EU over the use of terms such as ‘carbon neutral’ in adverts, and claims concerned with offsetting



Greenwashing era is over, say ad agencies, as regulators get tough

Net Zero | Greenwashing

Businesses around the world are currently grappling with the immense pressure of climate change, and rightfully so. Failing to meet climate goals will have irreversible global consequences.

Arcadis

How private sectors can invest in nature

Translating global corporate sustainability ambitions into local market strategies is necessary for accelerating progress — although it’s no simple task

3 challenges for making global sustainability strategies local

Its Green Code guidance for developers aims to increase efficiency and lower carbon emissions when applications are deployed at scale.

CIO Dive

Salesforce thinks software developers can help sustainability, too

The fashion industry is one of the most polluting out there. In 2022, Bloomberg reported that the sector accounts for up to ten per cent of global carbon dioxide output, and a fifth of the plastic produced globally every year.

Luxury London

Greenwashing: The truth behind the fashion industry’s sustainability claims

Corporations play a significant role in improving global sustainability through their supply chain, production and management choices. While the careful development of eco-friendly products and services is essential, business leaders must not forget about their customers in the process.

Cornell University

ESG strategies for corporate sustainable development

Future generations will be horrified by fast fashion and our current consumption habits in the same way as we now look back at how smoking was once acceptable everywhere

Irish Examiner

Future generations will wonder why 'fast fashion' was once acceptable

As we debate the merits of ESG in the US, our continental friends are pressing ahead with a plan to combat climate change and environmental degradation, while promoting regenerative economic growth. This directive, along with a host of new initiatives, will have overarching consequences for the global economy. The US needs to pay attention.



Bloomberg Law

The US Should Follow the EU and Standardize Green Product Labels

The long-awaited proposal for the Substantiating Green Claims Directive by the European Commission was released to the public last month. It was meant to address and crack down on greenwashing claims. However, in its current form, we believe it falls short of its stated ambition.

Drapers

Green claims directive – ‘don’t be paralysed by fear of greenwashing’

From small startups to large multinationals, every organisation should invest in an effective strategy to communicate sustainability initiatives to stakeholders.

The CEO Magazine

Why organisations should invest in a real strategy to communicate sustainability

The list of misleading environmental and sustainable descriptors used to market shirts, dresses, pants and T-shirts is unfortunately very long. Last week, experts decoded terms such as carbon neutral, circular, organic, regenerative, sustainable and zero waste.

 Fashion greenwashing glossary part II: what do ‘biodegradable’, ‘closed loop’ and ‘degrowth’ really mean?

The greenwashing agenda is exploitative of consumers’ well-intended efforts to live more sustainably for the sole purpose of capital gain, which leads to a misinterpretation of environmentalism as a whole. 

New University

“Greenwashing” Impairs Understanding of True Environmental Activism

The days of high-flying, big-spending business travel may be over for good. As a new report by research company Morning Consult declared: Business travel will never return to normal.

CNBC

New reports say business travel isn’t going back to normal — ever

This year a rising number of international and domestic players have actively taken part and promoted initiatives around Earth Day in China to showcase a commitment towards sustainability. 

Jing Daily

Why Earth Day 2023 Is Now A Big Deal For Brands And Consumers In China

Sustainable living has become a source of anxiety for individuals navigating climate collapse, while also being a source of profit for corporations. It’s never been more profitable for a company to go green, and by 2030, the global green technology and sustainability market is expected to be worth $417 billion.

How to avoid greenwashing, according to the experts

There is an increasing number of companies interested in the sustainability approach and integration of environmental, social, and governance (ESG) across their business operations, including supply chains, human resources, financial, and marketing management.

BusinessMirror

The social legitimacy of corporate sustainability

While sometimes imperfect, the expansion of avenues that corporations are pursuing to integrate carbon-reduction measures and climate-first policies is heartening

Forbes

Three Decarbonization Trends Ripe For Greenwashing—And How To Avoid It

Net Zero | Advocacy

Francesco Starace to join private equity group EQT after leaving state-backed utility

Former Enel chief says governments cannot ignore energy transition

Hydrogen, or H₂, is getting a lot of attention lately as governments in the U.S., Canada and Europe push to cut their greenhouse gas emissions.

Tech Xplore

What is hydrogen, and can it really become a climate solution?

The European Parliament has voted new rules to improve product labeling and durability and put an end to misleading claims.

EFA News

Greenwashing: from the European Parliament new rules on falsely sustainable products

The European Commission’s proposal for a Corporate Sustainability Due Diligence Directive is causing a stir among Czech companies and Czech MEP Martina Dlabajová, who warn of a negative impact on businesses.

Euractiv

Due diligence directive could be ‘end of free enterprise’, warns Czech MEP

The Corporate Sustainability Reporting Directive (CSRD), which came into force on a phased basis at the start of this year, strengthens the rules around the social and environmental information which companies have to report.



Lack of understanding of new EU anti-greenwashing rules, research shows

On 22 March 2023 the European Commission published a proposal for a Directive on Green Claims affecting commercial communications that associate products/services with environmental or ecological benefits.

Lexology

A step forward against greenwashing: the European Commission proposes the green claims directive

New guidance that means fund managers can rely on their own methodology is expected to add to confusion


ESG fund downgrades in Europe look set to reverse

As part of the Biden administration’s effort to reduce the carbon dioxide emissions of the United States to zero by the year 2050, the Environmental Protection Agency is preparing regulations that would forbid power plants from emitting CO2.

National Review

The Costs of Net-Zero Electricity

All it took was the collapse of the woke, green Silicon Valley Bank for regulators to begin to ponder how ESG labels may not have exactly been the best way for retail investors to be allocating their capital over the last few years

Oil Price

Regulators Warn Against 'Greenwashing' In ESG Fund Industry

Net Zero | Policy & Regulation

IATA unveiled a series of roadmaps aimed at providing step-by-step detailing of critical actions and dependencies for aviation to achieve net zero carbon emissions by 2050.



IATA

Roadmaps reveal critical steps for net zero future

Governments must do more, faster, to speed up green transition



The New European

There is some hope in this climate crisis –  but we must accelerate the positive

Postwar planning should focus on making the country a hub of the continent’s green transition

Ukraine’s rapid reconstruction will be in Europe’s own interest

How practical is it for the world to adopt such a complex and dangerous fuel as hydrogen as a major clean energy alternative?

Schroders

Is hydrogen really the solution to net zero?

To achieve net-zero targets, the UK is looking for options to adopt thermal energy storage systems to tackle heating and build cooling demands. Smruthi Nadig investigates.



Power Technology

Thermal energy storage: a more sustainable choice to meet net-zero targets

A growing number of western politicians are concerned this year’s UN climate summit in the UAE will be too beholden to the oil and gas industry

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