{"id":128983,"date":"2024-03-18T09:15:32","date_gmt":"2024-03-18T07:15:32","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/greenwashing-crackdown-in-uk-could-leave-big-business-with-hefty-fines\/"},"modified":"2024-03-18T09:15:32","modified_gmt":"2024-03-18T07:15:32","slug":"greenwashing-crackdown-in-uk-could-leave-big-business-with-hefty-fines","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/greenwashing-crackdown-in-uk-could-leave-big-business-with-hefty-fines\/","title":{"rendered":"Greenwashing crackdown in UK could leave big business with hefty fines"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/128983\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nUK authorities have the power to fine a tenth of businesses&#8217; global turnover if greenwashing has been proven. And a recent report finds that almost half of big businesses in the UK are at risk. In the UK, 4 out of 10 large businesses face hefty fines for greenwashing in 2024, as a major toughening up of consumer protection law from the Competitions and Markets Authority (CMA) and the EU comes into force.<\/p>\n<p>According to a new analysis of sustainability by the communication platform Compare Ethics, businesses are not mitigating the real risk yet, which includes a fast-changing environment in which every sustainable claim has to be thoroughly verified by them, among others. With the changing regulations across the UK, and EU, &#8220;it&#8217;s no longer just as simple as thinking about a tick box from a regulator compliance exercise,&#8221; said Abbie Morris CEO of Compare Ethics.<\/p>\n<p>In 2020, a range of consumer protection agencies came together globally and conducted an independent survey. They found that 40% of international businesses had made misleading environmental claims. In the UK, Nestle, Coca-Cola and Boohoo, among others, came to the attention of the Competition and Markets Authority (CMA) last year. Underlining their determination to crack down on wrongdoers, the CMA has spent \u00a31.3 million (\u20ac1.52 million) and an estimated 29,471 working hours on its probes into greenwashing between September 2021 and January 2024, as reported by the Financial News. Some of their findings highlighted the use by firms of vague language.<\/p>\n<p>The CMA also found that the language used by Asos, Boohoo and George was &#8220;too broad and vague&#8221;, suggesting more sustainable fabrication of some clothes than was actually the case. Such green claims need to be thoroughly proved. Otherwise, businesses could face a hefty penalty. The CMA has the power to fine companies up to 10% of their global turnover. However, for the next few months it will will need to pursue court proceedings before it can impose fines until the incoming Digital Markets, Competition and Consumers Bill comes into force. That will allow the CMA and to directly enforce penalties.<\/p>\n<p>Greenwashing may not be intentional. In the UK, the term lacks legal definition on top of a fast-changing regulatory environment, in which companies will need to meet a raft of changes over the next 2-3 years. The EU has recently banned greenwashing &#8211; via the Empowering Consumers for the Green Transition Directive. There is an incoming Green Claims Directive, that requires that green claims in the European market must be verified by an independent third party. The EU Green Claims Directive, which is set to be introduced in April, means that UK retail businesses looking to export abroad have to contend more than 70 new regulations internationally in the next 12-36 months.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/business\/2024\/03\/17\/greenwashing-crackdown-in-uk-could-leave-big-business-with-hefty-fines\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/business\/2024\/03\/17\/greenwashing-crackdown-in-uk-could-leave-big-business-with-hefty-fines\">Euronews Business<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vaufien\/greenwashing-crackdown-in-uk-could-leave-big-business-with-hefty-fines\/\">Greenwashing crackdown in UK could leave big business with hefty fines<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[3394,1325,579,606,607,608],"class_list":["post-128983","post","type-post","status-publish","format-standard","hentry","category-news","tag-fine","tag-greenwashing","tag-uk","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/128983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=128983"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/128983\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=128983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=128983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=128983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}