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Greenwashing

Posted on December 23, 2022 by admin1  1390

In News

  • Recently, the RBI Deputy Governor stressed on the need for regulated entities to assess climate-linked financial risks along with a demand for a formal definition of green finance.

About

  • What is Environmental, social, and governance (ESG)?
    • These investments are types of socially responsible investing that consider the impact on the environment, its stakeholders, and the planet in addition to the performance of the investment. 
  • What is green financing? 
    • It refers to lending to environmentally sustainable economic activities.
  • What is Greenwashing? 
    • Greenwashing refers to dishonest practices designed to deceive people.
    • When a firm spends more effort and money on presenting itself as environmentally friendly than on minimizing its environmental impact, this is referred to as greenwashing. 
    • It is a deceptive marketing ploy meant to deceive investors who prefer investments with a positive environmental impact and attempt to capitalize on the growing demand for environmentally sound products. 
  • Need?
    • There is a need for regulated entities to develop and implement comprehensive frameworks for understanding and assessing the potential impact of climate-related financial risks in their business strategy and operations.

Source: TH

 
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