2023 Business & Legislative Trends for Enterprises – Wolters Kluwer

by | Oct 31, 2022 | Business

Net zero and greenwashing
Sustainability trends will continue in 2023, and businesses and consumers will increasingly prioritize transactions with vendors who share their values. Focus areas include decarbonization, aggressive net zero targets, and a shift toward clean technology.
However, as more companies make green pledges, they can expect increased scrutiny from investors and regulators on the lookout for “greenwashing.”  “Greenwashing” is the term used to describe when companies make misleading, unsubstantiated, or outright false claims about the sustainability of their products and environmental efforts. 
Companies will need to be able to provide tangible evidence they understand the risks from greenhouse gas emissions and are making real steps in their clean energy or pollution reduction efforts.
Exploring a circular economy
With our current economy, there is concern about how material is extracted from the Earth, made into products, and eventually thrown away as waste. A circular economy aims to minimize or prevent waste from occurring in the first place by trying to keep materials and goods in circulation for as long as possible.
As inflation and supply chain issues continue to limit access to raw materials, companies will look to a circular economy as a way to ensure access to materials. In fact, the selling of second-life products (products reclaimed from first-time cust …

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