If a product is found violating greenwashing guidelines on multiple occasions, those products may be banned from sale, an official said. Greenwashing refers to false or misleading claims by organisations about the positive impact that a company, product or service has on the environment.
When companies engage in greenwashing by misleadingly presenting themselves as environmentally friendly or socially responsible, they undermine the very essence of ESG. This deceit erodes trust among investors, consumers, and stakeholders, sowing scepticism about the authenticity of corporate commitments