Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Hungarian Consumers Also Targeted by Greenwashing

In the United Kingdom, by 2024, four out of ten large enterprises could face severe financial penalties for greenwashing, following the significant tightening of consumer protection laws by the Competition and Markets Authority (CMA) and the European Union.
The phenomenon known as greenwashing, or portraying a company or its products as more environmentally friendly than they are, aims to attract environmentally conscious consumers who may be misled by claims of products being "green" or produced in an eco-friendly way.

Greenwashing in the EU and Hungary

A comprehensive framework of European Union and Hungarian regulations encompasses claims and indications of environmental friendliness. To avoid misleading consumers and facing regulatory sanctions, businesses promoting their products or services with environmental claims must be familiar with industry-specific requirements in addition to consumer protection rules, according to Andrea Magdolna Nagy, a lawyer at Vámosi-Nagy Ernst & Young Law Firm.

Experts, in response to inquiries from the financial daily Világgazdaság, highlighted that the Hungarian Competition Authority (GVH) pays special attention to greenwashing. According to a study published in January, related to a market analysis on environmental claims, out of a representative sample of 7,000 advertisements, slightly over three percent contained sustainability messages, while an additional five percent implicitly suggested sustainability. This is noteworthy given the increasing environmental consciousness among consumers.

In terms of product categories, household items were most frequently advertised as being "green." However, only 23 percent of all product advertisements were supported by certificates, research, or qualifications. Nagy emphasized that not all industries frequently experience greenwashing, but it undeniably occurs, leaving many consumers confused about the true content of green claims.

The Reality Behind Greenwashing

Greenwashing refers to unsubstantiated environmental claims by businesses that use marketing strategies to appear environmentally responsible without genuine action or results in their operations or product attributes.

The Challenge of Identifying Greenwashing

Nagy pointed out the difficulty in accessing credible information, especially with the proliferation of symbols and labels used by manufacturers and sellers to suggest positive environmental impacts of their products. A 2021 Euromonitor survey revealed that less than half of the consumers found green labels such as "fair trade," "GMO-free," "free-range," etc., to be trustworthy, indicating a lack of confidence in green labels in developed markets.

To prevent disappointments, consumers are advised to educate themselves about independent organizations' logos and certificates, such as the EU Ecolabel, which considers the entire lifecycle of products. They should be skeptical of vaguely defined "green" claims, like "environmentally friendly," "eco-sparing," or "sustainable," especially when the specific positive environmental impacts, like water or energy savings, are unclear.

Marketing Strategies and Legal Remedies

In Hungary, both the Hungarian Competition Authority and consumer protection authorities within the county government offices have the authority to inspect companies' green communications. These inspections can reveal whether claims are merely marketing tactics. Nagy Andrea Magdolna shared that complaints can be filed with these authorities if consumers feel misled.

According to a market research by the European Consumer Organisation (BEUC), the environmental impact of a product influences the product preferences of most consumers in European Union member states, with 61 percent of consumers considering environmental information, at least to some extent, when making purchases.
Newsletter

Related Articles

0:00
0:00
Close
Iranian Plots to Kill Jews in Europe Unveiled
Public Health Data Debate, Kidney Transplants, Wildfires, Typhoon Impact, and Controversial YouTube Bans: A Diverse Week in News
China Unveils AI App Inspired by Iron Man's Jarvis
Sinner Makes History, Italy Upsets France, Ronaldo's 900th Career Goal, and More in Sports Highlights
Porn streamer OnlyFans paid owner $630mn in dividends
China ends tariffs on all goods exported to China from the poorest countries in the world it has diplomatic ties with, including 33 African nations
Ukraine's Major Government Reshuffle: Andrii Sybiha Appointed New Foreign Minister
WALZ'S FOR TRUMP": Gov. Tim Walz’s family is proudly expressing their 'strong support' for former President Trump
In a public interview yesterday, Putin openly said he wants Kamala Harris to win the 2024 election.
French Woman Testifies in Landmark Rape Trial
Michel Barnier Appointed as Prime Minister of France
Britain Plans to Combat 700 Years of Nepotism in Its Governmental System by Ending Hereditary Peerships in the House of Lords
The art technique of Grandma Mei Ling, age 82
Hungary's Dependence on Russian Oil
Mongolia Refuses to Arrest Putin Despite ICC Warrant
France Pilots Mobile Phone Ban in Schools
Hungary's Quest for Energy Stability Amid Global Tensions
Germany's Establishment War on Democracy: Blocking the People's Choice
WHO-Led Study Finds No Link Between Mobile Phones and Brain Cancer
Russian Missile Strike Kills 49 in Poltava, Ukraine
Major Cabinet Resignations in Ukraine
Putin Defies ICC Arrest Warrant with Mongolia Visit
Frenchman On Trial for Decade-long Abuse of Drugged Wife
Today in Venezuela, November in America? Venezuela, an arrest warrant was issued against the election loser, González
The British bus driver explains to usual suspects that they cannot travel without a ticket. Education is important.
Norway Sets New Electric Vehicle Sales Record
End of an Era: Volkswagen in Historic Factory Shutdowns in Germany
Turkey officially submits application requesting to join BRICS
U.S. seizes Venezuela President Nicolas Maduro's airplane in the Dominican Republic
Switzerland Urged to Reconsider Its 500-Year Neutrality
AfD's Historic Victory in Thuringia State Election, Germany
Rising Influence of AfD Highlights Growing East-West Divide in Germany
Spanish Police Arrest Three for Ibiza Luxury Home Robberies
AfD Secures Historic Victory in East German State Elections
EU Rejects Maduro’s Election Win Claim in Venezuela
EU and UK Reinstate 100ml Liquid Rule for Airport Security
Polish PM Threatens to Block Ukraine’s EU Bid Over Historical Dispute
French Lawmakers Initiate Impeachment Against Macron
Elon Musk Warns of US Bankruptcy Due to Government Overspending
Elon Musk Accuses Brazilian Supreme Court Justice of Election Interference
Germany's Far-Right AfD Set to Win Regional Elections
Universe May Have Had a Pre-Big Bang 'Secret Life'
Israeli Union Announces Nationwide Strike After Hostages Found Dead
Brazilian Judge Alexandre de Moraes Blocks Elon Musk's X
Volos Declares State of Emergency Due to Massive Fish Die-Off
Ukraine Successfully Test Fires First Indigenously-Made Ballistic Missile
Marseille Museum Hosts Nude Exhibition on Naturism
Russia Warns of World War III Risks Over Ukraine Conflict
Ukraine Proposes Next Peace Summit in Global South
Russia and Ukraine Exchange 115 Prisoners of War Each in UAE-Brokered Deal
×