The latest issue of Compliance Praxis explores why misleading ESG and environmental claims are no longer merely a matter of compliance or reputation, but can also give rise to criminal liability for companies and their decision-makers.

Although Austrian law does not provide for a specific greenwashing offence, under certain circumstances such claims may constitute fraud or criminal offences relating to financial reporting. The article explains the risks for companies and their decision-makers in light of the implementation of the EmpCo Directive.