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Follow on Google News | TÜV Rheinland Hosts the First Green Finance Webinar for Improving ESGBy: TUV Rheinland This webinar introduced the ESG rating and sustainability frameworks, providing insight and analysis to assist investors evaluate their portfolio. The European Commission published a statement this year estimating that 42 per cent of corporate websites contain claims that are "exaggerated, false or deceptive and could potentially qualify as unfair commercial practices under EU rules." Greenwashing is a broad umbrella term used for different forms and practices of misleading communications of various organisations in relation to their performance on environmental as well as more general sustainable development- Please click here to view the playback (https://www.youtube.com/ Over 60% of respondents in this webinar selected insufficient clarity industry-specific metrics, inadequate knowledge about social, environmental compliance standards and qualitative/
To more accurately establish the ESG ratings and frameworks, it is crucial to incorporate third parties to monitor the authenticity of green claims made by organisations. TUV Rheinland provides the solution, utilizing our expertise in auditing against a list of standards on environmental and social aspects. As investors are not experts on the standards, third-party validation of corporate ESG disclosed data can provide more confidence and minimise the chance of greenwashing allegations. End
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