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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Unilever PLC | EU:UNA | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.26 | -0.48% | 54.28 | 54.28 | 54.30 | 54.56 | 54.14 | 54.46 | 251,883 | 10:49:01 |
By Michael Susin
The U.K. Competition and Markets Authority said it has launched an investigation into environmental claims made by Unilever regarding some of its household products.
The CMA said Tuesday that it will investigate whether the Anglo-Dutch retailer--which owns consumer brands such as Ben & Jerry's ice cream and Dove soap--overstates how "green" certain products are through the use of vague and broad claims, unclear statements, and "natural" looking images and logos.
The decision comes as part of the CMA's wider investigation into so-called "greenwashing."
"Essentials like detergent, kitchen spray, and toiletries are the kinds of items you put in your supermarket basket every time you shop. More and more people are trying to do their bit to help protect the environment, but we're worried many are being misled by so-called 'green' products that aren't what they seem," Chief Executive Sarah Cardell said.
Unilever didn't immediately respond to a request for comment when contacted by Dow Jones Newswires.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
December 12, 2023 02:42 ET (07:42 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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