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Showing 11 - 20 of 140 results for "ASIC"

ESG in 2024: key trends and legislative changes for the year ahead

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... tight timeline to meet to hit its deadline. Under the Corporations Act, the Australian Securities and Investments Commission (ASIC) imposes personal liability risks for directors. This will make climate-related disclosures a civil penalty provision and ...

Northern Trust pulled up for greenwashing

ROSE MARY PETRASS  |  THURSDAY, 21 DEC 2023  |  NEWS
Northern Trust Asset Management Australia has paid just shy of $30,000 over allegations of greenwashing. ASIC brought two infringement notices against the local arm of the global fund manager alleged false and misleading statements in the application ...

Greenwashing a serious threat to financial markets: ASIC

RACHEL ALEMBAKIS  |  THURSDAY, 23 NOV 2023  |  NEWS
ASIC has identified sustainable finance governance and greenwashing as one of three key focus areas for action in 2024. Speaking at this week's annual forum, ASIC chair Joe Longo said sustainable financial reporting and disclosure, better consumer outcomes ...

Greenwashing a barrier to responsible investment uptake

RACHEL ALEMBAKIS  |  THURSDAY, 16 NOV 2023  |  NEWS
... labelling and guidance around responsible investment products. We continue to be a leader in this space and the moves by ASIC, the move forward to formalize more labels and also make responsible investment fund managers more responsive to the outcomes ...

ASIC considering wider lens for greenwashing focus

RACHEL ALEMBAKIS  |  THURSDAY, 9 NOV 2023  |  NEWS
ASIC is considering widening its greenwashing focus to include net zero statements, use of terms like "carbon neutral" and the scope and application of investment exclusions and screens. "Our enforcement actions in response to concerns of greenwashing ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  MONDAY, 6 NOV 2023  |  NEWS
... to limit any potential liability, creating confusion in the market." The Australian Securities and Investments Commission (ASIC) "will play an important role in this transitional period, to ensure best practice reporting, and that all efforts are made ...

Treasury launches sustainable finance strategy

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... that the taxonomy could be embedded into regulatory arrangements either by legislation, via financial regulators such as ASIC and APRA "formally adopting the taxonomy as a standard or framework to guide their supervisory and enforcement activities - ...

Go digital for ESG, financial reporting: Deloitte

RACHEL ALEMBAKIS  |  WEDNESDAY, 20 SEP 2023  |  NEWS
... in digital formats like XBRL. "Since 2019, there have been more than 8,000 error corrections made to documents lodged with ASIC, representing 1.3% of all documents lodged," Deloitte said in the report. "Most corrections are made by companies with revenues ...

Investors consider greenwashing when setting net zero targets

RACHEL ALEMBAKIS  |  THURSDAY, 24 AUG 2023  |  NEWS
... correct is a challenge. Regulators around the world have been cracking down on greenhushing by businesses and investors, and ASIC senior executive leader, corporations Claire LaBouchardiere reiterated to the audience at the Investor Group on Climate ...

Active Super to face court over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023  |  NEWS
ASIC has filed a suit against Active Super over greenwashing claims, alleging, among other charges, that the super fund was invested in Russian assets after the invasion of Ukraine while purporting otherwise to members. The markets regulator has commenced ...