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Showing 21 - 30 of 139 results for "ASIC"

ASIC takes Vanguard to court over further greenwashing claims

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023  |  NEWS
ASIC is taking Vanguard to court over greenwashing allegations relating to a global bond index fund. This is the second time the market regulator has taken action against Vanguard over greenwashing. ASIC has lodged civil penalty proceedings in federal ...

APRA strengthens super fund ESG responsibilities

RACHEL ALEMBAKIS  |  THURSDAY, 20 JUL 2023  |  NEWS
... how they should run their ESG strategies," Dunnin noted. "The dilemma for funds is that even if they wanted to step back, ASIC's initiatives on green hushing severely limit their ability to maneuver. Every fund has to explain its positions on these matters ...

ACCC publishes greenwashing guidance

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2023  |  NEWS
... greenwashing conduct crosses regulatory boundaries, citing work with the Australian Securities and Investment Commission (ASIC) in monitoring and combatting greenwashing. "The ACCC will focus on consumer facing products and services, whereas ASIC is ...

Companies urged to address Scope 3 emissions

ROSE MARY PETRASS  |  THURSDAY, 8 JUN 2023  |  NEWS
... easy to greenwash. It's not easy to do it without penalty... I expect a lot more companies will come under scrutiny of ASIC." "The Safeguard Mechanism will affect every business... the costs will be passed down to SMEs and consumers." Dugald Higgins ...

ASIC chair calls out greenhushing as form of greenwashing

RACHEL ALEMBAKIS  |  MONDAY, 5 JUN 2023  |  NEWS
... in which companies stop all voluntary disclosure of ESG information - is just another form of greenwashing, according to ASIC chair Joe Longo. In a public speech today, Longo provided additional context to the market regulator's focus on ESG action ...

No pause button on greenwashing action: ASIC

ROSE MARY PETRASS  |  THURSDAY, 11 MAY 2023  |  NEWS
ASIC is updating its enforcement approach to greenwashing-type misconduct in response to a global rise in sustainability-related products and product strategies. ASIC deputy chair Karen Chester this week outlined a plan for the corporate, market and ...

Renewable energy, climate in spotlight in Federal Budget

RACHEL ALEMBAKIS  |  TUESDAY, 9 MAY 2023  |  NEWS
... bills and carbon emissions." The Budget also included previously announced measures, such as an additional $4.3 million for ASIC to crack down on greenwashing by businesses. The funding will be provided to ASIC to expand its surveillance and enforcement ...

ESG salaries revealed, talent shortage predicted as demand surges

ROSE MARY PETRASS  |  TUESDAY, 9 MAY 2023  |  NEWS
... permeating through the corporate and investment world. Regulatory changes and the increase in fines from regulatory bodies such as ASIC means it is more important than ever to mitigate ESG risks, as well as crack down on greenwashing. Traditionally lean ...

Stewardship and greenwashing in spotlight at RI Australia 2023

RACHEL ALEMBAKIS  |  THURSDAY, 4 MAY 2023  |  NEWS
... what our finance sector feels like." The efforts of regulators to address greenwashing will be a significant focus, with ASIC deputy chair Karen Chester delivering a keynote address on ASIC's direction. APRA executive director Sean Carmody will join ...

Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023  |  NEWS
... Jones pointed to Treasury's announcement that it will provide an additional $4.3 million in the next financial year to assist ASIC to continue its existing focus on greenwashing. "Sustainable business strategy has to start in boardrooms and in investment ...