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Global
March 25, 2024
UK regulator can fine up to 10% of global turnover for greenwashing
In the UK, 40% of large businesses face hefty fines for greenwashing in 2024, as stringent consumer protection regulations implemented by the Competitions and Markets Authority and the EU take effect.
March 22, 2024Hundreds of firms drop SBTi net-zero commitments due to Scope 3 challenges
The Science Based Targets Initiative (SBTi) continues to track the implementation of net-zero commitments among businesses. In its latest update, 239 companies are marked as "Commitment Removed", including major multinational corporations such as Microsof
March 21, 2024U.S. to fund $500 million in green exports to Vietnam
The U.S. has signed a $500 million deal to promote green exports to Vietnam, the source of the country's third-largest trade deficit and a quickly rising manufacturing alternative to China.
March 21, 2024Top 10 greenwashing fine rankings with car, retail giants on the list
With greenwashing penalties expected to rise in frequency and severity in increasing in certain jurisdictions, a German startup focused on plastic reduction, CleanHub, has compiled a ranking of the largest greenwashing fines given out to date.
March 20, 2024CCS market size projected to grow by 104.5 million tons by 2027
Carbon Capture and Storage market is forecasted to increase by 104.5 million tons from 2023 to 2027. Additionally, the market is expected to grow at a CAGR of 22.91% during the forecast period.
March 14, 2024EU parliament backs tighter rules to tackle greenwashing
The European Parliament passed several green bills during the meeting on Mar. 12, including imposing severe penalties to company for greenwashing behavior and requiring member states to promote building renovations to improve energy efficiency.
March 13, 2024Court rules Danish Crown’s “climate-controlled pork” misleading consumers
Denmark’s high court has ruled that Danish Crown, Europe’s largest pork producer, deceived customers through its “climate-controlled pork” campaign, marks the first climate lawsuit in the country.
March 05, 2024BMW, MG adverts banned over greenwashing concerns
Corporations developing sustainable carbon reduction products also need to avoid getting caught up in greenwashing controversies. German car manufacturer BMW and the UK-based MG Motor (Morris Garages) were called out by UK regulatory authorities for alleg
March 04, 2024MWC: mobile network operators' carbon emissions down 6% with europe leads the reductions
Reducing carbon emissions is a challenge faced by every industry worldwide, including the mobile communications sector. The Global System for Mobile Communications Association (GSMA), organizer of the Mobile World Congress (MWC) in Barcelona, stated that
February 22, 2024Tesla achieves record breaking sales of $1.79 billion from carbon credits
Tesla earned $1.79 billion from carbon credit sales last year, as disclosed in its Q4 2023 and annual financial report, bringing its total earnings from such credits since 2009 to nearly $9 billion.