By Aaron Nicodemus2023-01-24T21:31:00
Brazilian meat processing company JBS faces accusations of issuing $3.2 billion worth of “misleading and fraudulent” sustainability bonds in a whistleblower complaint filed with the Securities and Exchange Commission (SEC).
Mighty Earth, an environmental advocacy group, said in a Jan. 17 press release it filed the complaint alleging JBS engaged in greenwashing with the bonds, which were issued in 2021. Mighty Earth said its SEC whistleblower complaint is the first issued against a sustainability-linked bond.
The complaint, which Compliance Week viewed, said the value of JBS’s sustainability-linked bonds, also known as “green bonds,” are tied to the company’s promise to reduce its overall greenhouse gas (GHG) emissions and its goal to become “net zero” by 2040.
2024-07-16T16:48:00Z By Aaron Nicodemus
Anonymous employees of OpenAI accused the company of requiring employees to sign nondisclosure agreements (NDAs) that “prohibited and discouraged” them from reporting securities law violations to federal regulators.
2024-02-29T20:54:00Z By Kyle Brasseur
Two U.S. subsidiaries of Brazilian meat processing company JBS are the subject of a lawsuit filed by the New York attorney general accusing the businesses of using misleading statements and marketing regarding their environmental commitments.
2023-12-12T20:25:00Z By Kyle Brasseur
Consumer goods company Unilever will be scrutinized by the U.K. Competition and Markets Authority regarding its marketing of certain products as environmentally friendly.
2025-10-06T12:04:00Z By Ruth Prickett
Global pressure for sustainability reporting is rising. Despite political uncertainty and regulatory delays, companies continue to improve reports for regulators and stakeholders with the help of AI.
2025-09-29T20:59:00Z By Ruth Prickett
Most major organizations are not changing their ESG reporting plans, despite “regulatory ambiguity”, according to a report by consultancy KPMG. The researchers say this indicates market expectations are driving action as much as legal requirements.
2025-07-26T01:58:00Z By Aly McDevitt
The SEC refused to say whether it would enforce its landmark Climate-Related Disclosure Rules in a status report filed Wednesday, deepening uncertainty as the regulation faces legal challenges.
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