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Sustainable products to become norm for consumers as new law enters into force

Over the last few years, economic and corporate globalisation has accelerated making some of them truly global institutions with ever growing geographic footprints, shifting more activities to emerging markets. Karma Global has been re-writing the rules of international business, creating opportunities for Global Clients to capitalize on the potential of Karma Global’s sophisticated AI products and processes to the new global reality. 

KARMA GLOBAL’S  major services  include  Regulatory Audit,  Management Consulting, Strategy Consulting, Financial &  Tech Advisory, Risk Advisory and Legal including Staffing and Payroll Management Processes  and Compliance.  In Canada, it is known as Karma Global Tech Management Inc. and in U.S.A. as Karma Global Tech Management LLC.

EU Market gets geared to impose  proposed new law on green claims, new criteria to stop companies from making misleading claims!   

Today it is difficult for consumers to make sense of the many labels on the environmental performance of products (both goods and services) and companies.

Some environmental claims are unreliable and consumers trust in them is extremely low. Consumers can be misled and companies can give a false impression of their environmental impacts or benefits – a practice known as greenwashing.

With a proposed new law on green claims, the EU is taking action to address greenwashing and protect consumers, and the environment.

Ensuring that environmental labels and claims are credible and trustworthy will allow consumers to make better-informed purchasing decisions. It will also boost the competitiveness of businesses striving to increase the environmental sustainability of their products and activities.

The Ecodesign for Sustainable Products Regulation (ESPR) will enable requirements to be set with the aim to ensure products last longer, are easier to repair and recycle, contain fewer problematic chemicals and more recycled materials, and are more energy and resource-efficient. This can mean lower costs and less hassle for consumers.

Objectives

The proposal on green claims aims to

  • make green claims reliable, comparable and verifiable across the EU
  • protect consumers from greenwashing
  • contribute to creating a circular and green EU economy by enabling consumers to make informed purchasing decisions
  • help establish a level playing field when it comes to environmental performance of products

The proposal aims to ensure consumers get adequate information on products’ durability and reparability before purchasing a product. It will strengthen consumer protection against untrustworthy or false environmental claims.

Proprietary blog of Karma Global – collated and compiled by the internal staff of Karma Global  with the knowledge and expertise that they possess,  besides adaptation, illustration, derivation, transformation, collection and auto generation for its monthly newsletter Issue 27  of  September  2024  and in case of specific or general information or compliance updates for that matter, kindly reach out to the Marketing Team – mudra@karmamgmt.com

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