More than half of green claims made by companies are misleading or inaccurate – perpetuating the idea that current production and consumption patterns need not change. This is because rules set in legislation and standards are loose, leaving the door wide open to greenwashing. Consumers increasingly want to reduce their environmental impact but without reliable environmental information or a transparent system to verify it, they face a barrage of green claims, making it nearly impossible for more sustainable businesses to position themselves.
The Green Claims Directive – now entering the final negotiation phase – is Europe’s best chance to eliminate the scourge of greenwashing. As negotiators hammer out the final text, ECOS – involved in developing the Directive since 2020 – shares the key elements needed for the directive to be successful.
Net zero dominates climate discussions, with over 1,000 companies setting a plan to get there. However, without a harmonised approach, each ‘net zero’ claim can be different from the next. Multiple definitions and methodologies have created a whirlwind of confusion, inaccuracy, and even deception.
On 31 July 2023, the European Commission adopted the first set of European Sustainability Reporting Standards (ESRS). A significant stride towards promoting sustainable practices. These standards - set to be used by all companies under the Corporate Sustainability Reporting Directive (CSRD) - come with a mixed bag of progress made and loopholes to be closed.
Over 30 civil society organisations and businesses urge EU Member States to maintain strong support for the Green Claims Directive (GCD).
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