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Greenwashing a company's net zero credentials - is it now illegal?

By William Wilson

All companies now want to be seen to be ‘green’. Net zero, carbon neutral, carbon off-set: these are all terms that companies use regularly and often with the intention of attracting positive PR while many are not genuinely trying to reduce their carbon footprint.

The benefits from green PR are enormous and will often enable a company to gain a market share over a rival. People are increasingly aware of it, however, and the law is changing. The Taxonomy Regulation seeks to define which activities are properly described as environmentally sustainable. It also sets out new legal measures to discourage ‘greenwashing’ and phoney claims.

Does your industry fall within the EU Taxonomy Regulation? If so it could benefit from the multi-billion euro investment programmes of the EU Green Deal and Green Recovery Packages.

Join us to find out more on Friday 16 July for a discussion on COP26, CLIMATE CHANGE, NET ZERO, ENERGY TRANSITION – WHAT DOES IT MEAN FOR YOUR BUSINESS?

Prospect is a multi-disciplinary practice with specialist expertise in the energy and environmental sectors with particular experience in the low carbon energy sector. The firm is made up of lawyers, engineers, insurance and risk management specialists, and finance experts.

This article remains the copyright property of Prospect Law Ltd and neither the article nor any part of it may be published or copied without the prior written permission of the directors of Prospect Law.

This article is not intended to constitute legal or other professional advice and it should not be relied on in any way.

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