greenwashing

Shein, hit with big fines, boosts internal controls

The online fast-fashion retailer has grown to become the world’s biggest fast fashion retailer by sales

A 2006 study shows that a cotton bag must be reused 327 times to have “lower global warming potential” than a plastic bag that gets reused as a bin liner.
THINKING ALOUD

We need to stop making reusable ‘eco-friendly’ bags

[SINGAPORE] Single-use plastic bags, once ubiquitous in grocery and department stores, have become a public enemy in the fight against the climate crisis – and rightly so.

The Italian fine was imposed on Infinite Styles Services Limited, a Dublin-based company that operates Shein’s website in Europe.

Italian regulator hits Shein with 1-million euro greenwashing fine

This is Shein’s second financial sanction by a European competition authority in little more than a month, after France fined the company 40 million euros on Jul 3

Carbon credits are sold by project developers, often in developing economies, that invest in areas such as reforestation.

HSBC shelves plans for trading, financing carbon credits

HSBC Holdings has abandoned plans to build a carbon credits desk, according to people familiar with the matter, as Europe’s biggest bank cools to a market rocked by repeated allegations of greenwashin...

The guide aims to provide corporate directors with a framework for climate governance, including litigation risk directors and corporations may face.

Corporate directors in South-east Asia to get more guidance on climate governance

A guide launched by environmental law non-profit ClientEarth includes information on how companies can embed sustainability across board-level committees, among other initiatives

Becoming a B Corp is one way to build credibility and trust with consumers and stakeholders.
BOARDROOM MATTERS

Can B Corps save the world?

THE “shareholder primacy” doctrine that promoted profit maximisation as the purpose of business is fading. The increasing wealth gap, widening social inequality and environmental degradation are a ble...

A "greenwashing" character chasing activists during a climate demonstration in New York City. There is now greater enforcement over greenwashing claims, with stricter penalties and more detailed reporting requirements becoming the norm.

Friend or foe? The problem with AI and greenwashing

Artificial intelligence is a double-edged sword which can enhance transparency and also perpetuate false claims on sustainability efforts

 Italy’s antitrust authority is investigating Infinite Styles Services, operator of Shein’s websites and apps in Europe, accusing the company of using vague and misleading environmental claims to project sustainability.

Italy opens greenwashing probe into Shein website

ITALY’S antitrust agency has launched an investigation into a Dublin-based company that manages the Italian website of online clothing retailer Shein over possible misleading environmental claims on t...

Major banks have come under increasing pressure from investors and environmental campaigners to step up cuts to fossil fuel financing.

Trillions of dollars of fossil fuel finance routed via tax havens: study

TRILLIONS of US dollars of bank finance to fossil fuel companies is being routed via opaque financial centres in several countries, including the Netherlands, research published on Wednesday (Sep 11) ...

Britain’s Financial Conduct Authority (FCA) said that firms should take all reasonable steps to ensure compliance with the naming and marketing and disclosure rules, which become effective from Dec 2.

UK watchdog gives funds anti-greenwashing rule extension

BRITAIN’S financial watchdog said on Monday (Sep 9) it had granted an extension for ‘naming and marketing’ rules aimed at tackling ‘greenwashing’, giving firms until April 2025 to comply.