No more greenwashing? | New rules proposed in crackdown on corporate climate claims

The UK is exploring adopting new regulations to curb corporate greenwashing practices.

The regulations, established by the International Sustainability Standards Board (ISSB) during Cop 27, will establish comprehensive guidelines on climate reporting and ensure accurate portrayal of sustainability efforts.

Under the proposed rules, companies would face increased scrutiny and would be required to disclose their environmental impact, including their Scope 3 emissions – encompassing the products or services they offer.

The ISSB’s objective is to establish a universal global language for companies to report their environmental impact, with ambitions that the initiative will enhance trust in climate reporting.