Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%BNB287.900.44%USDC1.000.01%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Economy

Economy

Australian regulator analyzes Etihad greenwashing accusation

Ethihad Photo Credit: Alamy Ethihad Photo Credit: Alamy
Ethihad Photo Credit: Alamy Ethihad Photo Credit: Alamy

On Wednesday, a local environmental organization accused Etihad of greenwashing and misled customers about its net zero intentions. Australia’s competition authority will review the allegation.

The Environmental Defenders Office filed a complaint with the Australian Competition and Consumer Commission (ACCC) alleging “greenwashing” in Etihad ads misrepresenting flying’s environmental effect and the airline’s net zero emissions promise (EDO).

“We’ve pored through Etihad’s public documentation and found insufficient evidence that it wants, or reasonably expects, to attain net zero by 2050,” said EDO Senior Attorney Zoe Bush.

The ACCC told Reporters it would review the complaint but not discuss an investigation. However, a spokeswoman said the commission investigated “various issues concerning greenwashing” across businesses.

Etihad stated its goal of net zero emissions by 2050. A spokeswoman said a 2022 sustainability report would be available soon.

Australian and international environmental groups and regulators are taking action against deceptive climate commitments. This month, Australia’s business regulator sued Mercer Superannuation for exaggerating environmental investment claims.

In a Wednesday address, Commissioner Danielle Press said the Australian Securities and Investments Commission, which sued Mercer, is “actively monitoring” for greenwashing.

Flight Free Australia, which EDO represents in the case, alleges that Etihad’s “Flying shouldn’t cost the world” and “Net zero emissions by 2050” ads during a soccer game in Melbourne last month misled and deceived since the airline has no realistic route to net zero emissions.


Comment Template

You May Also Like

Business

In the wake of Walmart’s departure as a major stakeholder and a stagnating Chinese e-commerce market, JD.com must persuade investors of its importance. This...

Technology

Anthropic stated on Thursday that the advantages of California’s updated measure, which aims to control the development and deployment of artificial intelligence within the...

Economy

Friday saw dollar weakness as investors braced for Jackson Hole address by Federal Reserve Chair Jerome Powell, while the yen topped other currencies in...

Politics

  Joe Biden had other plans for his address. Under the current conditions, at least not this year. Tragedies and hardships have left their...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok