Environmental, Social, and Governance (ESG) standards have become indispensable in corporate governance and two European directives are now crucial factors in ESG practice.
The Corporate Sustainability Reporting Directive (CSRD) requires companies provide detailed information about their sustainability performance, environmental impact, and social responsibility. The Corporate Sustainability Due Diligence Directive (CSDDD) obliges companies to conduct due diligence on their operations to identify, assess, and address human rights violations and environmental issues within their supply chains. Both directives aim to increase transparency on these issues and encourage companies to operate in a more sustainable and responsible manner.
Rubicon Impact & Litigation believes that this is a positive development but also sees that the rules surrounding ESG have become more complex as a result. This has led to companies using terms like “ESG,” “sustainable,” or “green” to make attractive but often vague promises to the public, a practice which has become known as greenwashing.
We believe that ESG should be more than just a marketing tool. Rubicon Impact & Litigation’s lawyers have considerable experience in taking legal action against companies that use ESG in a misleading, non-transparent, and unfair way. One example of our work in this field is the successful greenwashing case against KLM, where Rubicon Impact & Litigation’s lawyers represented Fossielvrij NL and Reclame Fossielvrij.
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