‘Greenwashing is fraud’: JSE companies mull climate change pandering

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 92%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

‘Greenwashing is fraud’: JSE companies mull climate change pandering - The head of the Global Reporting Initiative says the practice deserves strong repudiation because it misleads investors and other stakeholders

The document was formulated as more companies come under scrutiny by investors and other stakeholders for their climate change mitigation efforts.

“The JSE recognises the need to create an enabling environment for better disclosure practices, especially in light of regulation and guidance that are changing rapidly globally.

Last week, Texas comptroller Glenn Hegar released a list of financial companies that boycott energy companies. Hegar is implementing a law that requires state pension and school funds to divest shares they hold in these companies. Earlier this week, Florida governor Ron DeSantis led a resolution to stop the state’s pension funds from considering ESG criteria.This type of legislation, he added, does not make sense from a business point of view. ESG constitutes proper risk management and good governance, Van der Enden explained. “Not taking these topics into account, at a modern organisation, just won’t do.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you

Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0

What is greenwashing

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE losses mount on global growth jittersInvestors remain spooked by Fed chair Jerome Powell’s latest commitment to fight inflation with further rate hikes
Source: BDliveSA - 🏆 12. / 63 Read more »

COMPANIES: Brimstone and Sea Harvest’s interim results reflect ‘impact of global macroeconomic environment’Brimstone’s six-month results to the end of June reveal 24% revenue growth to R2.86-billion, with a marginal 4% drop in operating profit to R279.3-million.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Markets: Asia continues global stock slump as Fed tightening fears flareAsian markets extended the global stocks selloff on Wednesday, as investor worries about aggressive monetary tightening were inflamed further by strong US jobs data.
Source: dailymaverick - 🏆 3. / 84 Read more »