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Greenwashing Report
Client ID: 10001
Client Name: Lenaion Labs Demo
Results
Items with a red box are those identified by ASIC to constitute grounds for greenwashing infringement on 20 December 2022.
Vague Language
General scores
Resource
Concrete
Black Mountain Energy -- IPO Presentation
21.9%
Vague
20.2%
Irrelevant
57.9%
Top Concrete Results
Black Mountain Energy is creating a natural gas development project (Project Valhalla) with an industry-leading ESG scorecard and net-zero carbon emissions.
86.4%
We plan to ‘micro-site’ well sites away from any environmentally sensitive areas during the detailed planning phase
83.9%
Black Mountain Energy has acquired an export exemption from the WA Gov JTSI to export natural gas from the Valhalla gas field. Proximity To Asian LNG Markets
82.0%
Approval received from West Australian Government “allowing the export of gas from the Valhalla gas field”
81.7%
Top Vague Results
Our goal is to forge a path for smarter natural gas extraction.
86.5%
Black Mountain is focused on a ‘zero carbon emission natural gas’ as transition fuel to a net-zero power future for Australia.
86.3%
BME has the right skillset to commercialize Valhalla, creating a new major natural gas resource in Australia
84.1%
'Valhalla will leverage high integrity Carbon Credits to eliminate Scope 1 and Scope 2 emissions.
82.3%
How to Interpret
Concrete claims are often indicators of transparency in terms of environmental efforts. However, the use of strong concrete claims that are false is also a common greenwashing strategy, and these claims are good candidates for further investigation.
Vague claims are a common greenwashing strategy that enables companies to sound like they are making positive environmental claims without providing clear information that would undermine these claims.
Statements of both types have been implicated by ASIC for greenwashing in recent months: vague claims for being misleading, and certain concrete claims for being false.
Certification Quality
General scores
Resource
Average Score
Black Mountain Energy -- IPO Presentation
0
# of Certifications
0
Certifications
None found.
How to Interpret
Certifications here are those that focus on environmental issues and range in quality and reliability based on who issues them and the nature of the relationship between certifier and certified company.
High-quality (4-5) certifications are typically issued by the government or by an accredited third-party certifier operating at arms' length.
Moderate quality (2-3) certifications are of medium potential reliability as they provide standards but are issued in exchange for funding or fees, providing an incentive to the certifier to certify to the paying company.
Low-quality (0-1) certifications are those where the certified company likely has significant financial or institutional leverage over the certifier, thus jeopardising the certifier's independence, or the certifier is likely part of the certified company itself.
No certifications are cases where a company either has no environmentally-focused certifications or where those they possess are not yet assessed by our service.
Questionable Alternatives
General scores
Resource
# of Claims
Black Mountain Energy -- IPO Presentation
1
Top questionable alternatives
zero carbon emission natural gas
1x
Quote: "Black Mountain is focused on a ‘zero carbon emission natural gas’ as transition fuel to a net-zero power future for Australia."
How to Interpret
Questionable alternatives are environmentally damaging practices but represent the "lesser of two evils". In these cases, a truly sustainable option is actually available, but a company advocates for their unsustainable practice as "sustainable", "renewable" or "green" because it is environmentally better than worse practices found in the market.
Expressions meant to represent truly sustainable practices can be misused as a questionable alternative. For example, "renewable natural gas" typically refers to biogas or biomethane, given the scientific research suggesting the production of biogas is net carbon-negative, for example. Other companies, however, will misuse "renewable natural gas" to refer to traditional natural gas, because natural gas is cleaner than coal, and so it is a questionable alternative. Companies that make these statements are likely guilty of greenwashing and so may be subject to infringement penalties from regulators.
Irrelevant Claims
General scores
Resource
# of Claims
Black Mountain Energy -- IPO Presentation
0
Top irrelevant claims
None found.
How to Interpret
Irrelevant claims are claims that a company is engaged in environmentally conscious practices when doing otherwise is actually illegal. This often involves claims that a company does not use certain banned chemicals.
No claims suggests that either the company makes no irrelevant claims or those irrelevant claims it does make are not yet assessed by our service.