C-MACC Weekly “CRETER” (Climate etc.)
Temptation: The High Rewards (and Risks) of Greenwashing
- While ESG inflows accelerate, definition and accountability remain a challenge, with the rewards of being an ESG darling creating an incentive to stretch claims and selectively interpret data. Regulators need to step in but are moving too slowly.
- LyondellBasell introduced an important set of recycling/renewable labels for its polymers this week. The labels indicate the source of polymer production and make packaging decisions easier for consumers – we applaud this first-mover step.
- While the US continues its inevitable congressional battle around climate change initiatives, carbon values are rising outside the US, driving investment decisions that could leave the US uncompetitive for some materials.
See PDF below for all charts