Bass. Berry & Sims attorney Sehrish Siddiqui authored an article for Bloomberg Law outlining steps companies can take to help protect themselves in a shifting and nuanced landscape for environmental, social and governance (ESG) transparency.
Ways to help reduce risks of greenwashing claims include having third-party auditors verify ESG data and developing robust internal controls.
“While companies are in the unenviable position of providing meaningful disclosure while facing risks for greenwashing claims, they can take steps to mitigate these claims, and the results can be rewarding,” Sehrish said. “Robust disclosure controls and internal policies and happy stakeholders can provide long-term growth opportunities despite short-term costs.”
The full article, “Internal Corporate Controls Can Help Tackle Greenwashing Claims,” was published by Bloomberg Law on December 6 and is available online.