Asia’s sustainability heads foresee some relief from reporting burdens this year, but articulating the financial value of social, biodiversity and climate-related impacts, engaging suppliers and staying ahead of regulations will keep them busy.
A report on how Asia's finance industry can navigate misleading ESG claims presents consumers and regulators with new headaches to remedy as greenwashing evolves and intensifies. But tackling greenwash in Asia cannot be left to regulators alone, experts say.
Japan-based academic Kim Schumacher, who coined the term "competence greenwashing", believes that the pursuit of societal harmony might be standing in the way of Asia calling out greenwashing. He tells the Eco-Business Podcast how exaggerated ESG claims are likely to be tackled in 2023 and beyond.