Dutch Airline KLM Sued over Alleged ‘Greenwashing’

AMSTERDAM (AP) — Several environmental groups have launched legal action against Dutch airline KLM over advertisements that promoted flying as a sustainable form of travel. Netherlands based campaigners Fossielvrij NL, supported by Reclame Fossielvrij and environmental lawyers from ClientEarth, said they think the lawsuit is the first to challenge alleged “greenwashing” by the airline industry. … Read more

Dutch Airline KLM Sued by Environmental Groups Over Alleged ‘Greenwashing’ Ads

Environmental groups are suing the Dutch subsidiary of Air France-KLM over an advertising campaign they allege breaches European consumer law by misleading the public over how sustainable its flights are. Dutch campaigners Fossielvrij NL, supported by environmental law charity ClientEarth and Reclame Fossielvrij, on Wednesday filed the first lawsuit alleging greenwashing in the airline industry … Read more

Greenwashing a risk ‘not to be ignored’ – Daily – Insurance News

A rise in climate-related litigation in Australia, mirroring trends seen in overseas jurisdictions, has underlined the growing need for insurers to address the emerging challenge facing them and their clients, according to Hicksons Lawyers. Insurers in particular need to be aware of potential greenwashing, especially when it comes to net zero commitments and climate policies, … Read more

Dutch airline KLM sued over ‘greenwashing’ ads

(Reuters) — Environmental groups are suing KLM, the Dutch subsidiary of Air France, over an advertising campaign they allege breaches European consumer law by misleading the public over how sustainable its flights are. Dutch campaigners Fossielvrij NL, supported by environmental law charity ClientEarth and Reclame Fossielvrij, on Wednesday filed the first lawsuit alleging greenwashing in the airline industry … Read more

Tesco rebuked over greenwashing in adverts for plant-based food

Tesco has been rebuked by the UK advertising watchdog after the country’s largest supermarket chain failed to show that its Plant Chef burgers and plant protein-based foods were more environmentally friendly than their meat equivalents. The Advertising Standards Authority, which has launched a crackdown on so-called “greenwashing”, barred Tesco from repeating a series of adverts … Read more

Head of Deutsche Bank’s Asset Manager Steps Down After ‘Greenwashing’ Raids

FRANKFURT – The chief executive of top German asset manager DWS will step down next week, he said on Wednesday, a day after raids by prosecutors over allegations that the company misled investors about “green” investments. The raids and departure of DWS CEO Asoka Woehrmann mark another setback for Deutsche Bank, DWS’s majority owner, which … Read more

Head of Deutsche Bank’s DWS steps down after ‘greenwashing’ raids

(Reuters) – The chief executive of top German asset manager DWS will step down next week, he said on Wednesday, a day after raids by prosecutors over allegations that the company misled investors about “green” investments. The raids and departure of DWS CEO Asoka Woehrmann mark another setback for Deutsche Bank, DWS’s majority owner, which has … Read more

DWS chief resigns after police raid over greenwashing claims

The chief executive of Germany’s top asset management firm DWS Group has resigned hours after the company’s offices in Frankfurt were raided by police over allegations of greenwashing. DWS said in a statement on Wednesday morning that Asoka Wöhrmann, chief executive since late 2018, would step down as of June 10, the day after the … Read more

SEC to unveil rule to crack down on funds ‘greenwashing’

(Reuters) – The U.S. Securities and Exchange Commission on Wednesday will propose rule changes aimed at stamping out unfounded claims by funds on their environmental, social and corporate governance credentials, and enforcing more standardization of such disclosures. The proposal will outline how ESG funds should be marketed and how investment advisers should disclose their reasoning … Read more