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ESG reporting standards and rules need to speed up

ESG reporting standards and rules need to speed up

Any doubt that greenwashing is a serious issue for companies has now been dashed. The Australian Competition & Consumer Commission has put all companies operating in Australia on notice: be prepared to back up your sustainability claims.

It’s not an idle threat. There are a slew of greenwashing court cases, formal complaints and sanctions against companies around the world, including global fashion retailers, food and beverage brands, an airline and even an egg producer.

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Original URL: https://www.afr.com/companies/financial-services/esg-reporting-standards-and-rules-need-to-speed-up-20220928-p5blt9