Search Results for: Greenwash

The Carbon Trust partners with Provenance to enable verified carbon reduction claims at the point of purchase

Stuart Mitchell

The Carbon Trust label is expanding its visibility online by partnering with sustainability claims platform Provenance. Through its partnership, the Carbon Trust’s ‘Carbon Emissions Reductions Achieved’ label will be added to Provenance’s platform, to support consumers with easy access to credible information regarding the carbon impact of the products they purchase. This is how the Carbon Trust’s label will be showcased at point of purchase on a product page where the Provenance widget is used to display the product’s sustainability claims.  Provenance enables brands and retailers to communicate product and…

RepRisk launches industry-first thematic Due Diligence Scores to streamline business conduct risk monitoring

Stuart Mitchell

RepRisk, a global technology company that provides transparency on business conduct and ESG risks, announced the newest addition to its suite of data solutions: Due Diligence Scores. Ushering in the next generation of ESG risk management, the scores assess specific risk factors such as biodiversity and human rights on a 0 (low risk) to 100 (high risk) scale, empowering a fast and focused assessment of a company’s risk profile. Recognizing that companies may have low exposure in some areas while facing higher exposure in others, disaggregated scores empower decision-makers to…

New analysis reveals major corporations in Entertainment, Food & Beverage, Fashion, Auto, Airline and Oil & Gas industries are utilizing millions of “likely junk” carbon offsets

Stuart Mitchell

New research by Corporate Accountability provides a deep dive into which globally-recognized brands have purchased the most “likely junk” carbon offset credits. An offset is an “allowance” that governments, institutions, and corporations—from fossil fuel majors and airlines to fast-food giants—purchase from environmental projects to supposedly count towards their respective greenhouse gas emissions reductions. The analysis underscores the inherently problematic nature of increasing corporate and governmental investment in a fundamentally-flawed scheme that has failed to reduce carbon emissions while distracting from effective climate action and even likely causing harm. “These findings…

Slow improvement in companies’ climate targets threatened by potential new offsetting loophole

Stuart Mitchell

Despite increased ambition in their climate target-setting, 51 of the world’s largest companies commit to reducing their emissions by only 30% on average by 2030, falling short of the 43% reduction required to limit global warming to 1.5°C, according to a report released today by NewClimate Institute in collaboration with Carbon Market Watch.  While the slight improvement in the companies’ targets is a positive step, the report warns against taking these targets at face value, as many companies still rely on loopholes and false solutions to exaggerate the ambition of…

CMA secures landmark changes from ASOS, Boohoo and Asda

Stuart Mitchell

Following CMA action, millions of consumers can now expect to see accurate and clear green claims when shopping for fashion items with ASOS, Boohoo and George at Asda. The undertakings secured by the Competition and Markets Authority (CMA) commit ASOS, Boohoo and George at Asda – which together make over £4.4 billion annually from UK fashion sales alone – to change the way they display, describe, and promote their green credentials, meaning millions of customers can expect to see clear and accurate green claims. The move comes after the CMA…