{"id":12531,"date":"2023-06-27T11:22:37","date_gmt":"2023-06-27T05:52:37","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=12531"},"modified":"2025-04-01T19:48:56","modified_gmt":"2025-04-01T14:18:56","slug":"what-is-greenwashing","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/what-is-greenwashing\/","title":{"rendered":"What is Greenwashing?"},"content":{"rendered":"<h2><strong>About Greenwashing:<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<h3><strong>What is it?<\/strong><\/h3>\n<ul>\n<li>It is the process of <strong>conveying a false impression<\/strong> or misleading information <strong>about how a company\u2019s products are environmentally sound.<\/strong><\/li>\n<li>Greenwashing <strong>involves making an unsubstantiated claim to deceive consumers<\/strong> <strong>into believing that a company\u2019s products are environmentally friendly<\/strong> or have a greater positive environmental impact than they actually do.<\/li>\n<li>In addition, greenwashing may occur when a<strong> company attempts to emphasize sustainable aspects of a product to overshadow<\/strong> the company\u2019s involvement in <strong>environmentally damaging practices<\/strong>.\u00a0<\/li>\n<li>Companies can also greenwash initiatives with <strong>vague claims that don&#8217;t provide real data or scientific validation for the claims.<\/strong><\/li>\n<li><strong>For example<\/strong>, a car vendor claims that a vehicle is eco-friendly because it is more fuel-efficient, while failing to mention or consider the larger industrial impact of vehicle manufacturing on the environment.<\/li>\n<\/ul>\n<h3><strong>What is the International Sustainability Standards Board (ISSB)?<\/strong><\/h3>\n<ul>\n<li>It was created in 2021-22 to <strong>develop a worldwide standard for sustainability reporting<\/strong>.<\/li>\n<li>It is <strong>part<\/strong> <strong>of the independent International Financial Reporting Standards<\/strong> (IFRS) foundation, which also writes accounting rules used in more than 100 countries.<\/li>\n<li><strong>The mission<\/strong> of the ISSB <strong>is to develop<\/strong>\u2014in the public interest\u2014<strong>a comprehensive global baseline of high-quality sustainability disclosure standards<\/strong> to meet investors\u2019 information needs.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3><strong>Q1<\/strong>)\u00a0<strong>What is the International Sustainability Standards Board (ISSB)?<\/strong><\/h3>\n<p>It was created in 2021-22 to develop a worldwide standard for sustainability reporting. It is part of the independent International Financial Reporting Standards (IFRS) foundation, which also writes accounting rules used in more than 100 countries.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/www.reuters.com\/sustainability\/new-global-rules-aim-clamp-down-corporate-greenwashing-2023-06-26\/\" target=\"_blank\" rel=\"nofollow noopener\"><u>New rules aim to clamp down on corporate greenwashing<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greenwashing is the process of conveying a false impression about how a company\u2019s products are environmentally sound.<\/p>\n","protected":false},"author":5,"featured_media":12532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-12531","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/12531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=12531"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/12531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/12532"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=12531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=12531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=12531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}