Welcome to our sharp and succinct digest aimed at bringing you the latest in sustainability, a hot-topic that continues to define our global business landscape.
Let's jump in!
EU votes to ban 'Environmentally Friendly' and other greenwashing terms
In a bold move against greenwashing, the European Parliament has voted for new legislation that will ban the use of labels like 'carbon neutral', 'environmentally friendly', 'natural', 'biodegradable' and 'eco' unless substantiated by solid, science-based evidence.
The UK Government Moves to Prohibit Carbon Offset Claims in Advertisements
ASA's upcoming regulations will tighten control on "carbon neutral," "net zero," & "nature positive" claims, aiming to combat #greenwashing.
With consumer purchasing heavily influenced by climate claims, this transparency could illuminate an industry often shrouded in confusion.
Just launched: ecolibrium's Green Travel Guide for Festivals & Events
Packed with fresh insights, case studies, future trends, it guides festival organisers on measuring travel impacts, reducing environmental footprint and advice on how to galvanise change.
Fundraising? Expect Mandatory ESG Disclosures in the EU
EU regulations, pressure from LPs (Limited Partners), consumers and talent are pushing VCs to report on ESG.
While mostly seen for those raising Series-B and above, downstream consequences mean those raising pre-seed or seed should expect to see ESG clauses in term sheets as they become a mandatory part of DD (Due Diligence).
Curious about ESG clauses? Check out Sifted's VC clause collection.
See ya next week with another round-up! Remember, climate change is about power, and as entrepreneurs, we have more than we think.