Unveiling the Shadows - Corporate Greenwashing and its Multifaceted Impacts on Environment, Society, and Governance - A Macro Economic Theoretical Assessment

Abstract

This article delves into the intricate relationship between ethical business practices, sustainable development, and the pervasive issue of corporate greenwashing. As organizations increasingly strive to align themselves with environmentally friendly and socially responsible initiatives, the phenomenon of greenwashing has emerged as a significant challenge. This article explores the profound impacts of greenwashing on the environment, society, and governance, shedding light on the implications for sustainable development. Through a comprehensive analysis, the article aims to raise awareness, encourage transparency, and promote genuine commitment to ethical business practices.Corporate greenwashing is a dishonest strategy by businesses to project environmental responsibility, causing damage, biodiversity loss, resource depletion, and climate change. To prevent, businesses, governments, NGOs, and consumers must work together.

This paper presents a study on corporate greenwashing, utilizing secondary sources and a cross-disciplinary approach. It provides recommendations for data collection, ethical guidelines, and presentation, ensuring effective results and conclusions. Despite the aforementioned, the main aim of this research article is to do a macroeconomic theoretical analysis of Unveiling the Shadows - Corporate Greenwashing and Its Multifaceted Impacts on Environment, Society, and Governance. The current situation is important to society and the economy.