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Green incentives may lead to greenwashing, say experts
The Straits Times
|October 25, 2024
Incentives can encourage companies to go green, but giving too many sweeteners can backfire and lead to greenwashing, noted experts on Oct 24.
Greenwashing refers to an organisation falsely presenting its products or operations as environmentally friendly when these may conceal harmful environmental impacts.
Some firms may attempt to go green by enforcing rules and regulations company-wide and follow legally mandated green practices, but this is not enough, said Mr Rajeev Peshawaria, chief executive of Stewardship Asia Centre, speaking at the Steward Leadership Summit at Pan Pacific Singapore.
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