BNP Paribas climate case could prompt wider litigation against banking sector
In February, three French NGOs, Friends of the Earth France, Notre Affaire à Tous and Oxfam France, launched proceedings in France against BNP Paribas, Europe’s largest bank, in connection with its financing of fossil fuel polluters and thus failing to comply with its obligations under the French corporate duty of vigilance law, which came into […]
ESG: a load of old greenwash?
Transition to net zero in the UK and in many other jurisdictions relies heavily upon consumer and investor pressure, combined with environmental social governance (ESG) disclosure requirements. While there are some sectors of the economy which are well placed to deliver in this regard, the development sector being one, there is a Wild West elsewhere, […]
“Greenwashing” – CMA investigations are not going away
With more businesses using sustainability as a marketing tool, in a bid to attract environmentally aware consumers or to secure investment in environmental, social and governance (ESG)-related funds, it was only a matter of time before “green” or “eco-friendly” claims would attract the regulators’ attention. In July 2022, the UK Competition and Markets Authority (CMA) […]