The Climate of Business #75: How to end greenwashing?
Lubomila Jordanova
CEO & Founder Plan A & Co-Founder Greentech Alliance │ Obama Leader │ MIT Under 35 Innovator │ LinkedIn Top Voice
Climate Change Reality
Cyclone Freddy slams Mozambique with ‘dangerous’ rainfall (AP News )
Fracking Wastewater Causes Lasting Harm to Key Freshwater Species (Inside Climate News )
Ancient Farming Practice Draws Cash From Carbon Credits (WSJ )
Global internet connectivity at risk from climate disasters (E&E News )
How to pull carbon dioxide out of seawater (MIT News )
A rare blizzard hits California as summer-like heat roasts the eastern U.S. (Yale Climate Connections )
A looming El Ni?o could give us a preview of life at 1.5C of warming (Grist )
We Can Vacuum Carbon From the Sky. Will It Make a Difference? (Bloomberg )
Business Climate Reality
Is Sustainable Fashion Elitist? (Business of Fashion )
‘We have no time to lose’: Ban Ki-moon criticises climate finance delays (The Guardian )
Texas Oil Workers Find Work In Solar Industry (Nexus )
The bonanza of the ESG software market has started, though the best is yet to come (PwC )
New Environmental Sustainability Index Shows Businesses Are Still Optimistic On Climate Goals (Forbes )
EU Targets Big Plastic With Rules to Cut Packaging Waste (Bloomberg )
Skilled workers from India encouraged to fill gap in Germany’s solar industry (Clean Energy Wire )
领英推荐
How Small- To Mid-Sized Businesses Can Achieve Their Sustainability Goals (Forbes )
Italy seeks alliance with France and Germany to tame EU car emissions laws (Reuters )
Reality Check
Greenwashing has become a prevalent problem as sustainability has grown in importance.
Greenwashing is a barrier to concrete climate action and sustainable development, making it difficult to assess which corporate’s effort is genuinely sustainable. For example, during the first Earth Day in 1970, corporations spent eight times more on establishing a green image through advertising than the amount they spent on environmental research initiatives.
What are the principles a business can follow to end greenwashing and protect it own credibility?
Be honest and accountable
In sustainability, being honest and authentic is vital. Avoid using words like “green”,“- climate positive”, or “from recyclable materials” without documenting or explaining what your company has done or will do to make sure that your statements are factual. Avoid labelling your services/products as “better for the environment” as any product still impacts our ecosystems. Buying recycled plastic is still purchasing plastic. Also, be careful not to use numbers and statistics from reports out of context to suit your marketing needs.
Evaluate and verify your sustainability claims over time
Simply avoid making claims if you are not able to back them up with scientific evidence. If you are stating that your product line is sustainable, make sure to conduct a complete life-cycle analysis to understand the environmental impact of your company’s products and services. If you claim to be carbon-neutral, use a rigorous carbon accounting framework. Also, ensure your claims’ conformity - clients and partners should read across channels the same claims backed with data.
Be transparent about your carbon footprint
Simply claiming “carbon-neutrality” does not make a company sustainable. When calculating your company’s carbon footprint, you have to consider scopes 1,2,3, emissions. Be transparent about what you calculated: only scope one or all scopes? Conversely, sharing your emissions should not be seen as putting the brand in jeopardy. Research has shown that half-truths can have as adverse effects on corporate reputation as do lies. Do not under-communicate your company’s emissions and negative environmental impacts or frame the fulfilment
Don’t just set up goals. Take immediate action
Announcing new sustainability initiatives is a different game to putting them in place, and the noise is even confusing for the experts. Make short-term, mid-term goals, and make a realistic plan to act upon them. The journey towards sustainable practices does not happen overnight.
To learn about the rest of the 10 principles to end greenwashing read more here .
CEO SolarGreenSavings.com accelerating the green energy transition through solar energy awareness.
1 年Green ?
Getting things done. SME for aviation, especially marketing & distribution, IT, A-CDM, disruption management, sustainable aviation.
1 年Too much #talkthetalk also reflected by too little support for https://www.change.org/p/make-2021-count-join-the-petition-against-greenwashing - it's 2023 and we keep seeing "sustainable" investments with a negative #lifecycleassessment and outlook but #certificatetrading and #greengridpower ... #stromausderdose
Helping Companies Grow in the Climate Future | B Corp CEO | Impact and ESG Strategist | Lecturer | Podcast Host
1 年Love it - I did a greenwashing newsletter a while back in 2022 and its such an expanding topic. Some great references and resources!
Director of Customer Success | Global Customer Leader | Enterprise Customer Onboarding | AI | CRM | Fortune 500 | SaaS | B2B | EU Citizen
1 年A helpful overview of greenwashing and the practical recommendations for companies to adopt more sustainable practices. Companies need greater accountability and transparency in corporate sustainability, and it is essential to emphasize the role that businesses can play in addressing the urgent challenge of climate change. Great article, thank you.
Corporate Sustainability/ESG Consultant, Professor Associado na FDC - Funda??o Dom Cabral, Advisor Professor at FDC
1 年Sharing in Linkedin group "Shareholder Engagement on ESG" - linkedin.com/groups/3432928/