CCRcorp Sites  

The CCRcorp Network unlocks access to a world of insights, research, guides and information in a range of specialty areas.

Our Sites

TheCorporateCounsel

TheCorporateCounsel.net

A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.

DealLawyers

DealLawyers.com

An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.

CompensationStandards

CompensationStandards.com

The “one stop” resource for information about responsible executive compensation practices & disclosure.

Section16.net

Section16.net

Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.

PracticalESG

PracticalESG.com

Keeping you in-the-know on environmental, social and governance developments

Germany recently adopted new amendments to its unfair competition laws focused on greenwashing. The amendments cover a wide variety of issues, including new statutory definitions and broadening the scope of misleading commercial practices. Notably, the law also bans certain sustainable marketing practices outright, including carbon offset-based neutrality claims. A recent Gibson Dunn memo provides details on the new banned practices:

“The UWG’s list of per se prohibited commercial practices (the so-called “black list”, Section 3(3) UWG) is expanded. The following practices will be unlawful irrespective of their actual impact:

  • Unsubstantiated generic environmental claims: Claims such as “eco-friendly”, “green” or “climate-friendly” are prohibited unless they can be substantiated by “recognized excellent environmental performance”, i.e. top-tier performance evidenced by EU ecolabels or equivalent best-in-class ratings under EU law, such as an energy class A rating.
  • Unauthorized sustainability labels: The use of sustainability labels is prohibited unless they are based on a recognized certification scheme or established by a public authority, for example the EU Ecolabel as established through Regulation (EC) No. 66/2010.
  • Carbon offset-based claims: Claims suggesting that a product has a neutral, reduced or positive environmental impact based on greenhouse gas offsetting are prohibited.”

Our members can learn more about greenwashing here.

If you’re not already a member, sign up now and take advantage of our no-risk “100-Day Promise” – during the first 100 days as an activated member, you may cancel for any reason and receive a full refund. But it will probably pay for itself before then. Members also save hours of research and reading time each week by using our filtered and curated library of ESG/sustainability resources covering over 100 sustainability subject areas – updated daily with practical and credible information.

Practical Guidance for Companies, Curated for Clarity.

Back to all blogs

The Editor

Zachary Barlow is a licensed attorney. He earned his JD from the University of Mississippi and has a bachelor’s in Public Policy Leadership. He practiced law at a mid-size firm and handled a wide variety of cases. During this time he assisted in overseeing compliance of a public entity and litigated contract disputes, gaining experience both in and outside of the courtroom. Zachary currently assists the PracticalESG.com editorial team by providing research and creating content on a spectrum of ESG… View Profile