Companies can no longer point to a lack of clear guidance
Companies face growing pressure from stakeholders (including
regulators, consumers and investors) to be more transparent about
their sustainability efforts and the environmental impact of their
products, services, activities and policies. However, companies
that make claims about their commitment to addressing climate
change and ESG without sufficient evidence may be accused of
greenwashing which can have civil, regulatory and (depending on the
jurisdiction) potentially criminalrepercussions.
Greenwashing allegations are becoming more common, and this
trend is expected to accelerate given the increasing focus of
regulators in multiple jurisdictions on the subject, we expect this
trend to accelerate during 2023 and beyond, particularly as
stricter regulations come into force.
