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News
April 19, 2024
SBTi rule relaxation signals turning point for carbon credit market: TCX
The new statement from the SBTi indicates that carbon credits have now reached a turning point, with demand expected to significantly increase, according to Tian Jian-zhong (田建中), general manager of Taiwan Carbon Solution Exchange (TCX).
April 11, 2024
Greenwashing fear is hindering Asia corporates’ sustainability agenda, study finds
According to global consulting firm Kearney, over 70% of executives in the Asia-Pacific region expressed reluctance to publicly disclose carbon reduction plans due to greenwashing anxieties.
April 10, 2024
Nike defeats lawsuit accusing it of greenwashing its products
Nike has dodged a potential lawsuit following a judge's dismissal of the case related to greenwashing due to insufficient evidence.
April 03, 2024
EU sparks greenwashing fears over "100% recycled plastic" claims
EU intends to adopt new rules on recycled plastic bottles, sparking discontent and raising questions from environmental groups and other recycling stakeholders, accusing the EU of indirectly encouraging greenwashing.
April 01, 2024
APAC companies lack Scope 3 emissions reduction targets, report says
56% of Asia-Pacific companies have not included Scope 3 emissions reduction in their net-zero goals, according to Taiwanese CSR think tank CSRone’s 2024 Taiwan and Asia-Pacific Sustainability Report Status and Trends report released on March 29.
April 01, 2024
Dutch court rules KLM green claims was greenwashing
District Court of Amsterdam determined on March 20 that an advertising campaign for Sustainable Aviation Fuel and other environmental measures by the Dutch flag carrier, KLM, was deemed "greenwashing."
March 25, 2024
UK regulator can fine up to 10% of global turnover for greenwashing
In the UK, 40% of large businesses face hefty fines for greenwashing in 2024, as stringent consumer protection regulations implemented by the Competitions and Markets Authority and the EU take effect.
March 22, 2024
Hundreds of firms drop SBTi net-zero commitments due to Scope 3 challenges
The Science Based Targets Initiative (SBTi) continues to track the implementation of net-zero commitments among businesses. In its latest update, 239 companies are marked as "Commitment Removed", including major multinational corporations such as Microsof
March 21, 2024
Top 10 greenwashing fine rankings with car, retail giants on the list
With greenwashing penalties expected to rise in frequency and severity in increasing in certain jurisdictions, a German startup focused on plastic reduction, CleanHub, has compiled a ranking of the largest greenwashing fines given out to date.
March 19, 2024
South Korea industry giants accused of greenwashing over double counting
Two major South Korean corporate giants have been accused of greenwashing over improperly claiming greenhouse gas emissions reduction. The companies were reported to Korea Fair Trade Commission and Korea Environmental Industry and Technology Institute. Th