Asia and Australia target greenwashing as companies risk penalties

HONG KONG - Having pressured South Korean oil giant SK E&S into retracting claims it would produce carbon-free gas, ex-fossil fuel lawyer turned climate advocate Jihyeon Ha now wants tougher action against corporates in a greenwashing crackdown in Asia-Pacific.

“Massive gas projects will have serious, irreversible impacts on the climate, contrary to their ‘CO2-free’ claims,” 35-year-old Ha said in an interview. Globally, greenwashing is in the spotlight, with United Nations experts issuing a warning at last year’s COP27 climate summit about its prevalence, and new standards on environmental, social and governance credentials currently under consideration by an international body.

Despite growing global momentum to curb greenwashing, financial and green analysts say the fact there are several ESG and sustainability standards mean that even defining the problem, let alone finding consensus on it, is difficult. A Mercer spokesperson said it has cooperated with the ASIC but could not comment further because of the court action.

And ESG experts say more governments in Asia-Pacific - the world’s fastest-growing region and top consumer of fossil fuels - ranging from Hong Kong to India are implementing or working on sustainability, transparency, and anti-greenwashing regulations.

straits_times Climate change is another financial scheme to fight the elements!

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Asia stocks on edge for earnings, China dataSYDNEY : Asian stocks opened cautiously on Monday as U.S. earnings season gets into full swing, while a raft of Chinese data will offer insight into how the world's second-largest economy is recovering.Markets have also seen a mood shift on the outlook for U.S. interest rates, with futures implying an 80
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

Great shortfall of China: Australia's biggest tourism market returns with a whimperSYDNEY: When China ended a lengthy border closure in January, e-commerce marketer Tianni Ren immediately began planning a team building trip for her 14 staff to Australia, hoping to see its stunning pink salt lakes that had captivated her on social media. But instead she took her colleagues from the city o In any case, why visit a hostile nation?
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

Great shortfall of China: Australia's biggest tourism market returns with a whimperVisa rules, a lack of flights and an exodus of Mandarin-speaking guides have affected Chinese tourists arrivals. Read more at straitstimes.com. In any case, why visit a hostile nation?
La source: STForeignDesk - 🏆 4. / 71 Lire la suite »