The big question for businesses and organizations is whether you are eligible to tap into green financing?
For investors and financiers, we will also be looking to see whether you are truly committed to the Environmental, Social and Governance (ESG) journey.
Greenwashing entails corporates making themselves out to be more environmentally friendly than they actually are. In greenwashing entities make false or misleading statements about the environmental benefits of a product or practice.
For instance, when financial institutions dedicate funds towards green financing yet a major stake of their funding portfolio goes into enabling activities that are injurious to the environment, they are guilty of greenwashing.
Or when you get a company that manufactures plastic products with recycling labels in their packaging yet they know very well that particular type of plastic is hard to recycle.
When it comes to green investing, the sword is not just double-edged, pointing to the green investors and owner of business in need of capital. It is multifaceted. It cuts through the long-held notions of the investor, the owners of businesses and the complacent consumer. A consumer should be able to read through the subtle nuances of greenwashing by both the owners of capital and the recipient of green funds and call out acts of green washing.
Be that as it may when it comes to the ESG journey, we need to start somewhere. Tackling climate change and the myriad of climate change actions proposed towards building resilience, adaptation and mitigation environmental require massive resources, especially financial resources. Green financing is here with us. Your business should take every necessary step to tap into these finances.
It is not late for your business and organization to truly start on the green journey. You do not have to green wash to tap into these opportunities. Talk to us. Procunomics Limited has experts who will walk your business through the ESG journey, ensure real compliance for you to tap into the vast resources that have been unlocked towards green financing.