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Spotlight on the Climate Journalism Award winners: Pinpoint award for investigations, 'Greenwashing made in Europe by Michelin and BNP Paribas in Indonesia'
Claudia Fasano
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Marketing and Communications Manager
November 05, 2024
Stefano Valentino's investigation for Voxeurop aims not only to reveal how these two multinationals exploited green funds for their own financial gain and public image but also to serve as a critique of the green finance system itself, bringing out its flaws and potential for abuse.
Michelin’s and BNP Paribas’ cases are the most striking, but how many more might there be? As the investigation highlights, greater transparency and increased controls are essential to restore trust and effectiveness in the fight against climate change.
It is already problematic when there is a lack of adequate means and regulations to counter the damage caused by climate change. However, the situation becomes even more serious when the available resources are poorly managed or, worse, used to pursue goals that directly oppose the original purpose, harming the climate, nature, and communities.
In such cases, we need to ask ourselves critical questions and place these measures under scrutiny, as a systemic change is required. The damage goes beyond the environment and people; it also undermines the credibility of these measures and their original intentions.