Avoid Greenwashing by Strengthening Governance
In a major move to combat misleading environmental claims, the Australian Competition and Consumer Commission
- +61 2 9241 1344
The climate is changing at the fastest rate in history with severe consequences for earth’s inhabitants. The changing climate impacts the quality of our lives and the financial wellbeing of many entities. Climate change directly and indirectly impacts economic outcomes, such as agricultural output, critical economic resources, manufacturing, energy production, transport, supply chain and other services, as well as wider human and animal welfare.
As a company director, you have a duty of care and diligence under section 180 of the Corporations Act 2001 and under the common law. Organisations are increasingly focusing on the impact of climate change and environmental issues on current and future corporate performance. The Board, CEO and leaders have started to realise that climate risks and opportunities are not abstract concepts, but are essential for creating a sustainable business model that delivers long-term value.
This guide aims to help directors understand their climate risk responsibilities and take steps in the right direction. The guide includes:
In a major move to combat misleading environmental claims, the Australian Competition and Consumer Commission
The term greenwashing was seldom used 20 years ago, but today greenwashing continues to be
APRA released Prudential Practice Guide CPG 229 Climate Change Financial Risks guidance in November 2021
InConsult acknowledges Aboriginal and Torres Strait Islander peoples as Australia's First People and Traditional Custodians of the land where we work. We pay our respects to Elders past and present.