Green Claims and Greenwashing by Financial and Non-Financial Undertakings. Sustainable Constructions
Green Claims and Greenwashing by Financial and Non-Financial Undertakings. Sustainable Constructions

Author(s): Julia Jarova
Contributor(s): Savina Mihaylova-Goleminova (Editor)
Subject(s): Law, Constitution, Jurisprudence, Civil Law, Commercial Law
Published by: Сиела Норма АД
Keywords: green claims; sustainability-related claims; sustainability-related disclosures; greenwashing; ESG; financial greenwashing; Taxonomy-eligible; Taxonomy compliant; green construction
Summary/Abstract: This chapter examines the legal phenomenon of ‘green claims’, ‘sustainability-related claims’ and greenwashing as phenomena emerging in the transition to a sustainable economy. The analysis identifies the key role of sustainable finance in the green transition in the context of greenwashing risks. The chapter also reviews the Taxonomy-eligibility assessment. It examines the legal framework regulating green claims, ‘sustainability‐related claims’, ‘sustainability-related disclosures’ and greenwashing, as well as legislative initiatives. It also provides a high-level review of the criteria for sustainable financing in the real estate sector.

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