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Environment
Ouidad Yousfi, Associate Professor of Finance, Université de Montpellier

Greenwashing: energy companies make false claims about sustainability – they should be held to account

A farmer walks on a marshy shore of a river polluted by oil spills in Nigeria’s Niger delta, region. Pius Utomi Ekpei/ AFP

Companies implement corporate social responsibility (CSR) as a way to present an environmentally responsible image and therefore gain legitimacy in the eyes of their stakeholders. But some companies don’t actually live up to their claims.

Some businesses claim to be doing good for the environment, but don’t. Often they undertake green projects only for marketing purposes or to brand their products. Or they do only what legislation and stakeholder pressure force them to.

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