Tag: Greenwashing

New ICAI guidelines address sustainability assurance, greenwashing | Analysis

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New ICAI guidelines address sustainability assurance, greenwashing | Analysis

The language of business is no longer etched only in balance sheets. Financial statements are now increasingly moving beyond measuring what a firm earned to how earnings have come about, by analysing growth sustainability, the management of environmental and social risks, and the alignment of governance practices with stakeholder expectations. Investors, regulators and society are…

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Business

Making India’s climate taxonomy framework work

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Making India’s climate taxonomy framework work

In May this year, the Ministry of Finance released India’s draft Climate Finance Taxonomy for public consultation. As a foundational tool, the taxonomy aims to mobilise climate-aligned investments, prevent greenwashing, and clarify for investors which sectors, technologies and practices contribute to mitigation, adaptation, or transition. Importantly, the document calls itself a “living” framework, adaptable to…

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Business

Companies’ appetite for cheap carbon offsets stokes fears of greenwashing

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Companies’ appetite for cheap carbon offsets stokes fears of greenwashing

Carbon offsets have become big business as more companies make promises to protect the climate but can’t meet the goals on their own. When a company buys carbon offsets, it pays a project elsewhere to reduce greenhouse gas emissions on its behalf – by planting trees, for example, or generating renewable energy. The idea is…

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