The Illusion of Truth: How Greenwashing is Hurting your Business (info@twosidesna.org)
Sustainability has gone mainstream, with more people than ever before concerned about the environmental impacts of the products and services they buy and use. They understandably want to do the right things for the planet, but the explosion of greenwashing is causing consumers and businesses to use – or in the case of paper, not use – products without any basis in fact. The Oxford Dictionary defines greenwashing as “Disinformation disseminated by an organization so as to present an environmentally responsible public image.” And you don’t have to look far to understand the scope of the problem. In a recent survey conducted by The Harris Poll for Google Cloud, 72% of CEOs and C-suite leaders in North America admitted that their companies are guilty of greenwashing, even as most gave their companies an “above-average” rating for environmental sustainability. Greenwashing investigations of ESG (environmental, social, governance) investment funds are becoming commonplace. And, as reported in the Harvard Business Review, studies show that companies that tout their environmental credentials often have poor environmental compliance.