Companies are increasingly trying to position themselves as part of the solution to the climate crisis and to convince investors they will remain financially viable during the energy transition. While many corporate efforts to reduce climate impacts are well-intentioned and commendable, the prevalence of ‘greenwashing’ has skyrocketed.
This is a guide for EDO clients concerned about potential greenwashing. It covers the basic legal principles of misleading or deceptive conduct under the Australian Consumer Law (ACL), the Corporations Act 2001 (Cth) (Corporations Act) and the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act),
concrete examples of conduct that may be misleading or deceptive, and what you can do about potential greenwashing.
