At some point there may be problems, but as there's no standard for 'environmentally friendly', the claim is rather vague in the first place. Still, see Kasky v. Nike (http://reclaimdemocracy.org/nike/ ) for the question of if a company's press statements, in this case about Nike's non-use of sweat shop labor, counts a protected free speech.
The answer is "yes." Under US law, these are "harmless puffery."
A search, btw, finds that SUNOCO is "the most environmentally-friendly company in the entire [petroleum] industry" http://prezi.com/2m6blwsr9u9c/geo-greenwash-ad/ and Sediment Removal Solutions is "the most environmentally friendly company around" http://www.sedimentremovalsolutions.com/franchise.html .
At some point there may be problems, but as there's no standard for 'environmentally friendly', the claim is rather vague in the first place. Still, see Kasky v. Nike (http://reclaimdemocracy.org/nike/ ) for the question of if a company's press statements, in this case about Nike's non-use of sweat shop labor, counts a protected free speech.