ESG Book’s Post

How much does the environment play on your mind? Research via PwC reveals it's a big deal for many investors - of those surveyed, many are willing to pay for ESG performance, with 78%, saying that they would pay higher fees for ESG funds! From how much plastic we use, to whether we invest in fossil fuels, research consistently shows more and more of us are taking an interest in the environment. However, this has of course given rise to 'greenwashing' from companies, with inflated claims making them look more eco-friendly than they are in reality. Coinciding with World Environment Day, the new Financial Conduct Authority anti-greenwashing guidelines come into effect this week. Will this lead to a significant change? Read more https://lnkd.in/d2yAevad #ESG #ESGinvesting #sustainability #environment #sustainableinvestor #ecofriendly #esgfunds #esgbusinesses #worldenvironmentday

🌍 Sustainable Supply Chains in Focus As global supply chains face growing scrutiny, sustainable practices are becoming a key competitive advantage. In our latest article, ESG expert Toon Rummens explores what the term supply chain actually means, how the European focus shifts to this (new) concept, and how companies should navigate emerging ESG regulations. 🔗 https://lnkd.in/eK5uZcUC But what are the concrete obligations for companies under the CSDDD, and how does this translate into their chain of activities? We will discuss this in a subsequent contribution. At Taylor Wessing, we collaborate closely with companies to help them achieve their ESG objectives and make a meaningful contribution to a better environment. Questions? Contact our ESG specialist Toon Rummens. #ESG #Sustainability #SupplyChain #RiskManagement #GreenTransition 

Avoid Greenwashing: Build trust with transparency and credibility 🗯️ As sustainability demands grow, companies are setting ambitious ESG goals—but with this comes the risk of misleading claims. Greenwashing happens when businesses focus more on appearing green than truly reducing their environmental impact. It is related to the practice of making misleading or false claims about the environmental benefits of a product, service or company. With increased scrutiny, greenwashing can lead to: ⚠️ Eroded consumer trust ⚠️ Legal challenges and regulatory fines ⚠️ Reputational damage ⚠️ Financial loss and exclusion from key markets So, how can sustainability efforts remain authentic and credible? 👉 Be clear, consistent, and specific—back claims with data and measurable results. 👉 Acknowledge areas for improvement and communicate them transparently. 👉 Share your sustainability data and methodologies publicly to build trust. 👉 Collaborate with employees, suppliers, and customers to uncover gaps and strengthen your story. 👉 Sustainability is a journey—commit to continuous improvement and share challenges along the way. Focus on progress, not perfection. Authentic sustainability builds trust, safeguards reputation, and positions a business as a credible leader in a competitive market. If you’re working on sustainability and need support or just want to learn more, feel free to reach out—we’re here to help! #Greenwashing #ESG #Transparency Christian Honoré, Thue Birk Svenningsen, Christian Mann Boserup, Morten Nielsen, Claus Frier, Juliana Reis Soares da Silva, Paula B., Anton Lisitsyn Bidstrup

What are some examples of ESG issues affecting businesses today? Businesses face significant ESG challenges, particularly if their supply chain is complex. Sometimes they aren't fully aware of the true risk level of their assets, or it is difficult to measure their impact on the environment. Issues include environmental pollution, extreme weather conditions caused by climate change, resource shortages, workforce health and safety, and human rights abuses. Companies should ensure their ESG principles are upheld throughout their supply chain to both mitigate operational and reputational risks. Have more questions about ESG and sustainability? Explore our full FAQ to learn more: https://hubs.ly/Q02XgjYZ0 #ESG

📢 Just released: Novisto’s latest research note, “Greenwashing: What it is and how to avoid It.” Worried about #greenwashing? Our comprehensive guide, co-authored by experts Nick Greenwood, Marie-Josée Privyk, CFA, RIPC, FSA Credential, and Grace Alexander, covers everything you need to know: ▪️Examples of greenwashing practices ▪️Why and how greenwashing occurs ▪️Strategies to mitigate your risk ▪️Regulatory tailwinds and more… Don’t let greenwashing tarnish your ESG efforts. Download the research note now and stay ahead → https://lnkd.in/etiCHHc4  #ESG #Sustainability #sustainabilitydisclosures #esgreporting

🌿 Greenwashing: Origins, Definition, and Risks 🌿 The term #greenwashing is used more and more nowadays. But what exactly does it mean, and why should companies pay attention? • Origins: coined in the 1980s by environmentalist Jay Westerveld, the term describes the practice of making misleading claims about a company's environmental practices or the sustainability of its products. This phenomenon arises from the growing consumer demand for environmentally responsible businesses. • Risks: greenwashing was seen primarily as a moral and reputational risk for a long time. However, the implications go beyond public perception: - Legal Risks: Authorities worldwide are tightening regulations on environmental claims. Companies can face fines and sanctions for misleading statements. - Operational Risks: being exposed for greenwashing can disrupt partnerships, supply chains, and investor relations. - Strategic Risks: investing in greenwashing instead of "genuine" sustainability efforts can lead to a loss of competitive advantage in a market increasingly driven by authentic ESG performance. Authenticity is Key: companies should invest in genuine sustainability efforts, ensuring their claims are backed by verifiable data and aligned with transparent reporting frameworks like GRI or CDP. #ESG #Sustainability #Greenwashing #ESDD

Want to find out more about the risks of greenwashing and how to get ESG reporting right? Katrina Anderson will be revealing all at the forthcoming Mills & Reeve sponsored Westminster Insight's ESG and sustainability reporting conference on 16 October. Find out more and book your place below. #ESG #Sustainability #ESGReporting #Regulations #ESGGoals #greenwashing

Issue #11 of Hung Hing ESG Journal has just been released. In this issue, we have a special section on the Regulation on Deforestation-Free Products (EUDR in short). We cover actions taken to prepare ourselves before the end of 2024 when the Regulation takes effect. Click this link to get the updates on ESG and our initiatives on sustainability -> https://lnkd.in/giHZeFP4 HH ESG Journal is published every other month. Subscribe to our Journal to stay updated on the latest developments of ESG and our sustainability efforts. #HungHing #HungHingprinting #sustainability #ESG #ESGreporting #supplychaincompliance #tracability #EUDR

Hohn Willis, Director of Research at Planet Tracker, emphasized the need for global regulatory equivalence in ESG reporting to counteract these practices and support informed decision-making by investors and consumers. A report titled " The Greenwashing Hydra " details how corporate greenwashing has evolved to be more complex and varied in a "sophisticated" manner, where companies exaggerate or fabricate the environmental benefits of their products, now includes several strategies: 1. Greencrowding: Companies blend into groups to avoid individual scrutiny 2. Greenlighting: Highlighting minor eco-friendly actions to distract from harmful practices. 3. Greenshifting: Shifting responsibility onto consumers. 4. Green-labeling: Using misleading labels to suggest sustainability. 5. Greenrinsing: Regularly revising ESG targets before they are received. 6. Greenhushing: Underreporting sustainability achievements to escape scrutiny. #Greenwashing #Sustainabililty #EnvironmentalImpact Suzanna ElMassah Zayed University

As global ESG commitments grow, stakeholders increasingly demand transparency and accountability. Claims such as "sustainable", "net-zero" or "carbon neutral" often lack substantiation, posing risks for corporates and governments. This report, with insights from KPMG specialists across 25 jurisdictions, examines the consequences of misleading sustainability claims and explores how various regions address greenwashing through regulations and case studies. #greenwashing #KPMG