Burberry delays climate pledge by a decade to 2050 Retail Burberry has pushed back its net zero target by a decade, becoming the latest blue-chip business to water down ambitious climate goals set in the wake of the coronavirus pandemic, CityAM can reveal. The high-end fashion firm, known for its trench coats and tartan scarves, made the decision to delay its target to become [...]
Nike and Superdry adverts banned in ‘greenwashing’ crackdown ESG News Adverts produced by Nike, Superdry and Lacoste which claimed to promote sustainable clothing have been banned by the advertising watchdog as part of a major crackdown on corporate greenwashing. The Advertising Standards Authority (ASA) upheld complaints against the three fashion giants, assessing that environmental claims made in a series of search engine adverts were exaggerated [...]
CEO brands B Corp status ‘greenwashing’ as she gives up title Retail The founder and chief executive of a London-based pet food brand has said she’s decided to give up her firm’s B Corp status after criticising the coveted certification as “little more than a marketing badge and greenwashing”. Entrepreneur Aneisha Soobroyen set up Scrumbles in 2018 and achieved the status a year later. However, the CEO has [...]
Is ESG dead? And if so, who killed it? September 19, 2024 ESG has become increasingly politicised. Has it reached the end of the line? Asks Neil MacLeod
Fashion brands told to ‘stay on the right side of the law’ amid greenwashing claims September 18, 2024 Some of the most high-profile fashion brands in the UK have been warned to be clearer on their green credentials by the UK competition watchdog as it clamps down on misleading marketing. The Competition and Markets Authority (CMA) has issued a new sustainability compliance guide for retailers and told 17 brands to review their practices. [...]
Top creative agency calls on Havas London to be stripped of B Corp status July 17, 2024 Advertising giant Havas London must be stripped of its B Corp status if its sister agency continues to work on its global contract with Shell, the founder of another B Corp accredited agency has said.
Blackrock must face up to its failures on ESG July 13, 2024 With multi-billion dollar greenwashing scandals unfolding across America, the ESG industry is facing a severe reckoning, says Blackrock’s former chief sustainable investment officer Tariq Fancy On April 18, this newspaper published an interview I gave entitled “ESG is dying – but that might be a good thing.” It traced market events since I began arguing [...]
FCA’s anti-greenwashing guidance comes into force next week. Lawyers explain what to expect May 26, 2024 The FCA's new anti-greenwashing guidance comes into force next week. Lawyers explain to CityAM what companies should expect from this and the implications if they mess up
Tesco, M&S and Primark among brands hesitant to make some green claims over greenwashing action May 24, 2024 Big retail brands are hesitant to make green claims despite the majority embracing sustainable practices over fears of being hit with greenwashing action
HSBC facing backlash over ‘vague’ $1trillion green plans May 3, 2024 HSBC is facing a backlash over its "vague" $1trillion green plans today as it prepares to face down shareholders at its annual general meeting.