'Growing claims of greenwashing': ESG credibility under threat from lack of standardisation, report warns

clock • 2 min read
Credit: iStock
Image:

Credit: iStock

Analysts from EY and Oxford Analytica warn booming ESG movement faces greenwashing allegations and loss of credibility if action is not taken

A lack of standardisation, regulation, and common purpose risks opening the door to 'greenwashing' in the financial sector that could undermine the burgeoning environmental, social and governance (ESG)...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Author spotlight

Amber Rolt

View profile
More from Amber Rolt

ASA cracks down on 'compostable' coffee pod claims

Vodafone and UK National Parks to harness AI to accelerate nature restoration

More on Risk

Energy security starts with renewables
Risk

Energy security starts with renewables

Ahead of the London Energy Security Summit, the Climate Group's Helen Clarkson argues renewables can play a critical role in enhancing resilience following several years of damaging shocks for the global economy

Helen Clarkson, Climate Group
clock 23 April 2025 • 5 min read
'Silence isn't neutrality - it's a strategic risk': CISL playbook aims to shape proactive response to ESG backlash
Risk

'Silence isn't neutrality - it's a strategic risk': CISL playbook aims to shape proactive response to ESG backlash

New study explores how businesses can respond to volatile geopolitical pressures, while continuing to advance sustainability efforts

Stuart Stone
Stuart Stone
clock 07 April 2025 • 7 min read
Government announces over a thousand flood defence schemes to benefit from £2.65bn in funding
Risk

Government announces over a thousand flood defence schemes to benefit from £2.65bn in funding

Schemes protecting more than 52,000 homes and businesses from the dangers of flooding to be built or repaired under latest funding round

Stuart Stone
Stuart Stone
clock 31 March 2025 • 5 min read