Governments around the world are cracking down on false ESG claims made by companies. Behemoth Deutsche Bank had its offices raided in May of this year over fraud allegations related to ESG claims. A study by International Consumer Protection and Enforcement Network (ICEPN) found that 40% of companies’ claims made online about sustainability were overstated or misleading.
Claiming your company is ‘sustainable’ or ‘eco-friendly’ isn’t enough. Many companies are getting called out (and some charged) for their bogus ESG claims. The companies who are doing the real work need to show their actions in a clear and concise matter. The public needs to see the proof.
clearESG offers a simple solution. Once you download the app, we verify you are who you say you are by a simple KYC (Know Your Customer) process.
Then, you can start recording all the good you do by attesting documents proving your ESG claims. The app securely adds it to a blockchain for all to see. If you don’t have proof of your claim, it can’t be added. No Greenwashing allowed!
Cover image by Scott Webb