The rise of conscious consumerism has led to consumers actively seeking out sustainable, environmentally friendly and ethically produced goods. In response to this growing demand, many consumer goods and retail (CG&R) companies have embraced sustainability and green credentials as a marketing tool, but is this greenwashing? Baker McKenzie produced this guide to outline the legal landscape, regulations and key actions CG&R companies can take to mitigate the risks associated with greenwashing claims in Latin America.
The Climate Action Law sets out a catalogue of governmental actions that involve all actors of the Colombian economy. It outlines the agenda for compliance with international commitments acquired by the Paris Agreement to achieve carbon neutrality by 2050. In this alert, Baker McKenzie associates identify the opportunities and obligations to be followed.