The basic rule of responsible ESG reporting is that ESG claims must be: (1) true and not misleading; (2) specific and not general or ambiguous; (3) accurate and not exaggerated; and (4) substantiated and objectively verifiable. ESG claims that do not meet these criteria could be subject to allegations of \u201cgreenwashing,\u201d which could lead to sanctions from regulators.<\/p>\n
In Canada, the Competition Bureau has adopted a series of procedures for businesses to ensure that ESG claims, including any environmental and so-called \u201cgreen\u201d claims, are not considered misleading.<\/p>\n
One of the most prominent allegations of \u201cgreenwashing\u201d in Canada was launched by Greenpeace Canada, which filed a complaint with the Competition Bureau in 2023 alleging that six of Canada\u2019s largest oil sands producers (those that make up the \u201cPathways Alliance\u201d) made false and misleading statements to the public in their \u201cLet\u2019s Clean Up the Air\u201d advertising campaign. ( Bryan J. Buttigieg, Sabrina Garieri, More at lexology.com<\/span><\/a>)<\/em><\/p>","protected":false},"excerpt":{"rendered":" The basic rule of responsible ESG reporting is that ESG claims must be: (1) true and<\/p>","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-24522","post","type-post","status-publish","format-standard","hentry","category-lca_esg_ghg_csddd_csrd_iso_flr"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/24522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/comments?post=24522"}],"version-history":[{"count":0,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/24522\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/media?parent=24522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/categories?post=24522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/tags?post=24522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}