The Dentons Report “Greenwashing: The Next 'Big Thing'? , examines laws related to voluntary corporate ESG disclosure as well as greenwashing regulations in 19 jurisdictions around the world. The report reflects the legislative environment as of September 2023. As the demand for environmentally sustainable and socially responsible products and services grows, companies around the world are increasingly promoting their ESG credentials through various forms of public communication – from press releases to packaging. Claiming to be "green" or sustainable (even in relation to governance or social aspects such as diversity and inclusion and gender progress) has become a factor in competitiveness among global businesses. This presents a range of legal and reputational risks, including allegations of 'greenwashing' and 'ESG wash' and liability risks arising from misrepresentation, breach of contract, loss of business and possibly fraud and criminal penalties. Civil society and regulators have become more aggressive in holding companies accountable for greenwashing. The report examines how existing laws apply to multinational corporations' voluntary communications regarding the environmental, social and governance (ESG) aspects of their internal operations, products, services, supply chains and wider value chains. (Global, lexology.com)
Greenwashing: The Next 'Big Thing'?
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