News

NGO Environmental Action Germany (DUH) has won separate greenwashing lawsuits against airline Lufthansa and apparel company Adidas on the grounds of misleading consumers with sustainability claims.

Amazon, the retail giant in the U.S., announced the launch of its carbon credit service through its Sustainability Exchange platform on March 19. This service aims to help its supply chain partners achieve decarbonization.

Vietjet Air has recently been embroiled in controversy. The airline's promotional campaign launched in Singapore has also drawn criticism. The campaign was accused of making misleading environmental claims and was subsequently ordered to be taken down.

Singapore’s sustainable finance taxonomy is aligned with those of the EU and China after it was launched at the end of last year. This alignment will serve as a framework for investors to assess green economic activities across these three regions.

Product claims regarding carbon neutrality based on offsets are controversial, but better accounting of carbon footprints is on the way.

Thailand aims to bring thousands of hectares of mature mangroves into its new carbon market, but local communities are concerned about the consequences.

The carbon reduction progress for the new Apple Watch and iPhone models is quite limited, highlighting that corporate decarbonization cannot make significant strides in a short period, even for the world's most valuable brands.

To reduce carbon tax expenditures, Singaporean companies, under government encouragement, have begun focusing on developing carbon credits in Ghana.

The RE100 goal can be achieved through RECs with unbundled certificates, meaning that tech companies can claim to use renewable energy by purchasing certificates, even if they are not actually using electricity generated by renewable sources.

Amazon has released the 2023 Sustainability Report, highlighting a significant milestone of achieving 100% renewable energy use, seven years ahead of its 2030 target. However, this achievement has been met with skepticism from within the company.