Greenwashing or Governance? Legal Risks of Fake ESG Claims
Greenwashing or Governance? Legal Risks of Fake ESG Claims Introduction: 2 Background: 2 What’s Happening in the West? 3 Examples include: 3 Case Study:DWS Group (Deutsche Bank): Investigated for overstating ESG assets under management 3 Penalties & Settlements 3 Key Findings 4 Case Study - 2: Fast Fashion and Oil Industries: The Illusion of Sustainability 4 Fast Fashion’s Contradictions 4 Oil & Gas Sector's Green Facade 5 Why It Matters Globally 5 Bharat’s Opportunity Amid the Crisis 5 Legal Risks and Regulatory Framework in Bharat 6 1. SEBI’s ESG Reporting Norms 6 2. Companies Act, 2013 6 3. Consumer Protection Act, 2019 6 4. Environmental Laws 6 Governance Reforms to Prevent Greenwashing 6 Conclusion 7 Key Takeaways 7 Introduction: Greenwashing is a term used in the ESG sector for those companies or organizations who give fake ESG compliance documents to portray them as they are following the ESG criteria but in reality either they...