Greenwashing
- According to a recent RBI report on ‘Trend and Progress of Banking in India 2018-19’, the green finance development faces many challenges, such as “greenwashing” /false claims of environmental compliance, plurality of green loan definitions, and mismatches of maturity between long-term green investment & relatively short-term interests of investors.
- Greenwashing, also known as "green sheen" is the process of conveying a false impression or providing misleading information about how a company's products are more environmentally sound. It is considered an unsubstantiated claim to deceive consumers into believing that a company's products are environmentally ....
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