DWS to pay $25m to end US probe into greenwashing September 25, 2023 Deutsche Bank-controlled (DBKGn.DE) investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and governance (ESG) investing and failures in policies designed to prevent money laundering, U.S. regulators said on Monday.
CMA launches probe into Worcester Bosch amid ‘greenwashing’ boiler claims October 17, 2023 It will also look at information given by Worcester Bosch about the use of hydrogen for home heating in the UK
Ryanair and Wizz Air caught up in fresh greenwashing allegations June 22, 2023 Ryanair and Wizz Air are facing fresh allegations of greenwashing after the consumer organisation BEUC filed a complaint to the European Commission, naming them among the 17 European airlines accused of making misleading climate-related claims. The BEUC – which represents 46 consumer organisations in the European bloc – are calling for a continent-wide investigation in [...]
CMA greenwashing probe: Asda, Asos and Boohoo promise clarity on eco-claims March 27, 2024 Top fashion retailers Asos, Boohoo and George at Asda, have signed undertakings to clarify the way they promote and display their environmental credentials, the competition watchdog has said.
Shell and BP among firms accused of greenwashing over renewable energy August 23, 2023 Shell and BP are among 12 oil firms who have been accused of greenwashing over the amount of renewable and low-carbon energy they produce. Research commissioned by Greenpeace analysed the annual reports of the British fossil fuel giants for 2022, alongside 10 other European companies. The report compared the amount of renewable electricity generated by [...]
Dragons’ Den star Deborah Meaden: ‘Greenwashing businesses shouldn’t be forgiven’ October 28, 2023 Deborah Meaden, known for her appearances on Dragon's Den, says it is unforgivable for businesses to mislead with sustainability claims.
Greenwashing a ‘systemic problem’ at UK banks September 13, 2022 Greenwashing is a ‘systemic problem’ at UK banks despite all of them claiming sustainability is at the heart of their business, a survey released today reveals. Only 59 per cent of lenders are measuring their carbon footprint, according to a survey of 150 UK banking executives by technology firm Mobiquity. The survey also found all [...]
Funds struggle to sell sustainability as greenwashing spreads November 1, 2022 Fund managers are struggling to sell their green investment products to financial advisers as rampant greenwashing erodes trust in the environmental, social and governance (ESG) industry, fresh research has
FCA poised to clampdown on greenwashing with ‘ESG’ curbs October 25, 2022 The UK’s City watchdog has announced a landmark set of measures to police how firms use terms like ‘ESG’ and ‘green’ today as it looks to stamp out rampant greenwashing in the City.
Drax’s renewable status under threat as Ofgem probes greenwashing claims April 6, 2023 Drax is at risk of losing billions of pounds in government funding as Ofgem starts reviewing greenwashing claims linked to the sustainability credentials of its biomass projects.