I authored an article for Bloomberg Law discussing steps companies can take to protect themselves in the shifting and complex landscape of environmental, social, and governance (ESG) transparency.
To reduce the risk of greenwashing claims, I recommend that companies have third-party auditors verify their ESG data and establish strong internal controls.
“While companies are in the unenviable position of providing meaningful disclosure while facing the risk of greenwashing claims, they can take steps to mitigate these risks, and the results can be rewarding,” I explained. “Robust disclosure controls, internal policies, and satisfied stakeholders can offer long-term growth opportunities, despite short-term costs.”
The full article, Internal Corporate Controls Can Help Tackle Greenwashing Claims, was published by Bloomberg Law on December 6 and is available online.