Greenwashing risk
From ACT Wiki
Risk management - greenwash.
Greenwashing means activities designed to promote a flattering image of:
- An organisation as being more environmentally responsible than it really is, or
- A product as having better environmental credentials than it actually does.
Greenwashing risk is the risk of adverse consequences, following from greenwashing.
- Prospect of huge fines for greenwashing
- "Treasurers need to take a key role in ensuring their organisations do not indulge in misleading messaging, as the prospect of huge fines become reality...
- The cost of greenwashing is set to rise dramatically next year.
- In 2025, the [UK] Competition and Markets Authority (CMA) will gain enforcement powers to fine a company up to a 10th of its annual global turnover if it is found to be greenwashing, warned Lisa Wright, a partner in the competition and regulatory team at law firm Slaughter and May...
- “It’s important to remember that greenwashing is not just about the outright lies that the companies tell, it is about levels of truth.
- It could be highlighting one thing to conceal another thing in your reporting, or hiding key facts in footnotes on page 249 of your sustainability report,” she added."
- Greenwashing risk high on corporate agenda - 13 December 2024.
See also
- Climate-washing
- Competition
- Competition and Markets Authority (CMA) UK
- Corporate social responsibility (CSR)
- Environmental crime
- Ethics washing
- Green
- Green bond
- Green-hushing
- Green swan
- Greenwash
- Impact washing
- Regulation
- Risk
- Risk management
- Sustainability
