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Category: CN_BUSINESSES_TA Greenwashing_CN

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H&M Hit With Second Greenwashing Lawsuit

By Alexandra Harrell Photo: Davide Bonaldo/SOPA Images

The Swedish fast-fashion giant canceled its “Conscious Choice” collection in September after a 12-year run following a reprimand from the Netherlands Authority for Consumers and Markets for employing vague and unsubstantiated terms that could mislead consumers into thinking the products are better for the environment than they really are.

11/11/22
                                                               

United Nations Urges Companies to Stop Greenwashing

By Eduardo Garcia Photo: Sean Gallup, Getty Images

The United Nations this week launched a highly-anticipated report urging companies to stop issuing bogus net-zero targets that amount to greenwashing.

11/10/22
                                                               

A Checklist to Tell If Your Portfolio Is Guilty of Greenwashing

By Jacqueline Poh

The boom in so-called ESG investing has been accompanied by a sharp rise in complaints about greenwashing — exaggerations or misleading statements about environmental claims. It’s a rise driven by the so-called “greenium” — the money companies can save by convincing lenders to offer better terms when borrowing is tied to an ESG (environmental, social or governance) goal.

11/10/22
                                                               

UN experts demand crackdown on greenwashing of net zero pledges

By Adam Morton Photo: Mohammed Salem, Reuters

A UN group set up to crack down on the greenwashing of net zero pledges by industry and government has called for “red lines” to stop support for new fossil fuel exploration and overuse of carbon offsets.

11/08/22
                                                               

Corporate pushback against climate action is getting desperate

By Thomas Hale Photo: Mario Goebbels, Flickr

As net zero commitments reshape the world economy, and as the impacts of climate change accelerate, climate politics is getting existential. Vulnerable communities are fighting to survive. This month, one-third of Pakistan, a country of 220 million people, was flooded. At the same time, fossil fuel interest groups – coal, in particular – are trying every tactic to delay the inevitable.

09/28/22
                                                               

Three Congressional Hearings on Climate Disinfo Bring New Industry Documents to Light

PR firms are paid to engage in unethical tactics that intimidate and silence Americans who are exercising their rights to support actions that combat climate change wealthy and powerful corporate entities are dragging citizens and public interest opponents through meritless. But protracted and extremely costly litigation to expose anyone who dares to stand up to them to financial and personal ruin in its work to silence its critics. — Rep Katie Porter

09/17/22
                                                               

Internal documents cast doubt on Big Oil climate promises

By Rachel Frazin Photo: AP Photo/Alastair Grant

Internal documents from major oil companies released by Democrats on the House Oversight Committee appear to cast doubt on their supposed climate and green energy commitments

09/15/22
                                                               

Yvon Chouinard Just Gave Patagonia Away to Help the Environment

By Katherene Martinko Photo: Campbell Brewer

Yvon Chouinard no longer owns Patagonia. Nearly 50 years after founding the enormously successful apparel company, now worth around $3 billion, the 83-year-old came up with an unusual solution to ensure that it continues in a way that aligns with his values and funds important environmental conservation work.

09/15/22
                                                               

If there’s one problem with ‘ExxonKnew’, it’s that it was too effective. Utilities knew, too!

Ever since the award-winning 2015 series from Inside Climate News, the “ExxonKnew” campaign(s) to hold fossil fuel companies accountable for the disinformation and propaganda they spread as part of the industrial playbook to prevent regulation of their profitable pollution have gotten plenty of criticism from people who are carrying out a role in said playbook.

09/12/22
                                                               

Oil companies say they’re going green, but their investments tell another story

By Kate Yoder Photo: Vito Corleone, Getty Images

Well over half of Big Oil’s advertisements promote the message that they have embraced clean energy and emissions reductions, and other such “green claims,” according to a new report from InfluenceMap, a think tank based in London. Researchers found that BP, Chevron, ExxonMobil, Shell, and TotalEnergies spent an estimated $750 million last year to promote a climate-friendly image — and the report calls that “a conservative estimate.”

09/09/22