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Clifford Chance

Clifford Chance
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Hot Topic - Greenwashing

ESG

ACCC crackdown on greenwashing in Australia with a sweep of websites for misleading environmental and sustainability claims

The ACCC has launched a review of over 200 company websites to identify misleading or deceptive environmental and sustainability claims as part of a focus on so called "green washing" claims in Australia. In this article we provide some background to the ACCC review and highlight potential strategies for Australian businesses to mitigate the risks of regulatory scrutiny.

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The CMA Greenwashing Review – Is this the year of reckoning for the fashion sector?
ESG

The CMA Greenwashing Review – Is this the year of reckoning for the fashion sector?

Eco-fashion" and "sustainable fashion" have become buzzwords amongst fashion retailers in recent years, as consumers have become increasingly aware of sustainability concerns. Shoppers are regularly searching for more environmentally friendly shopping options – a 2021 government survey demonstrated that 52 per cent of UK consumers based their purchasing decisions on a brand's eco-credentials. As a result, fashion brands have been quick to highlight to customers their ethical and eco-credentials, such as announcing initiatives to reduce carbon emissions, releasing "sustainable" ranges, and creating new roles for staff focused on sustainability issues. However, fashion brands, both in the luxury and "fast fashion" sectors, have historically been found to make environmental claims that could be seen as misleading, known as "Greenwashing". Regulators and analysts have been racing to curb exaggerated sustainability claims.

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ESG

The CMA Greenwashing Review – Is this the year of reckoning for the fashion sector?

"Eco-fashion" and "sustainable fashion" have become buzzwords amongst fashion retailers in recent years, as consumers have become increasingly aware of sustainability concerns. Shoppers are regularly searching for more environmentally friendly shopping options – a 2021 government survey demonstrated that 52 per cent of UK consumers based their purchasing decisions on a brand's eco-credentials. As a result, fashion brands have been quick to highlight to customers their ethical and eco-credentials, such as announcing initiatives to reduce carbon emissions, releasing "sustainable" ranges, and creating new roles for staff focused on sustainability issues.

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Co-Branding Partnerships in The Physical And Digital Worlds
Intellectual Property

Co-Branding Partnerships in The Physical And Digital Worlds

In response to the conundrum of how high-end luxury brands can penetrate new markets and gain cultural capital, we look at a masterclass From Balenciaga and Fortnite

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Utah Becomes Fourth State To Pass Consumer Privacy Act, First With Republican-Controlled House And Senate
Data

Utah Becomes Fourth State To Pass Consumer Privacy Act, First With Republican-Controlled House And Senate

On March 24, 2022, Utah Governor Spencer Cox signed the Utah Consumer Privacy Act into law, making Utah the fourth state to pass a comprehensive consumer privacy law. The Act goes into effect on December 31, 2023

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European Commission publishes initial findings of its sector inquiry on the Consumer Internet of Things
Emerging tech

European Commission publishes initial findings of its sector inquiry on the Consumer Internet of Things

Shaping the future regulation of the market

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Analysis

ePrivacy-concept-key-on-keyboard

E-Privacy check-in: where we are, and where we're headed

Are we any closer to EU institutions reaching an agreement on the final regulation text? Whilst the rules stemming from the ePrivacy Regulation proposal are not expected in the near future, its one-year anniversary offers an opportunity to recall the key changes that stakeholders could, - and should - already anticipate.

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Upcoming events

10 October 2024: TradFi Meets Blockchain Policy Summit (New York)

We are delighted to be hosting the 2024 TradFi Meets Blockchain Policy Summit on behalf of Capitol Asset Strategies at our office in New York. Join us for thoughtful panel conversations focused on traditional capital markets use of distributed ledger technology to sell and distribute regulated "tokenized" financial products and the real business and regulatory challenges to wider adoption. You will hear from expert business leaders, legal professionals and policy leaders with panelists and attendees spanning traditional finance and crypto-native, all together in one room for insights on this growing market. | See the full agenda and speaker line up or register here.

Time: from 11:00 EDT