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Showing 21 - 30 of 179 results for "ASIC"

ASIC clarifies licensing rules for carbon market

ROSE MARY PETRASS  |  WEDNESDAY, 9 OCT 2024  |  NEWS
... market and who needs an Australian Financial Services (AFS) licence. The Australian Securities and Investments Commission (ASIC) fielded questions on licensing for tradeable carbon credits, including for advice on which to buy, co-benefits, governance ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024  |  NEWS
... fund's holdings by market value were not screened against the applicable ESG criteria. The case was first brought by ASIC in July 2023 and followed Vanguard already being fined $40,000 to comply with infringement notices related to greenwashing. ...

Watchdog cracks down on climate reporting

ROSE MARY PETRASS  |  MONDAY, 23 SEP 2024  |  NEWS
... January for large companies and financial institutions. In the interim, the Australian Securities and Investments Commission (ASIC) will continue its enforcement on voluntary sustainability disclosures and crackdown against misleading and deceptive conduct. ...

ESG ratings risk greenwash

ROSE MARY PETRASS  |  WEDNESDAY, 4 SEP 2024  |  NEWS
... interventions highlights a flaw in ESG ratings as a reliable metric for fund managers, a global index provider says. Referencing an ASIC report, Scientific Beta argues ratings often mislead consumers on the sustainability of investment products. "Sustainability-related ...

Regulator hones in on greenwash as climate laws tighten

ROSE MARY PETRASS  |  MONDAY, 26 AUG 2024  |  NEWS
... corporate watchdog is sharpening its focus on financial products and services as mandatory climate reporting looms, according to ASIC commissioner Kate O'Rourke. The regulator has taken action 47 times between April 2023 and June 2024, including two ...

Senate passes landmark climate reporting and net zero authority laws

ROSE MARY PETRASS  |  FRIDAY, 23 AUG 2024  |  NEWS
... Parker said. Although some aspects of liability have been reduced, the Australian Securities and Investments Commission's (ASIC) regulatory actions have not. "Enforcement action will be pragmatic and proportionate: those are the key words I want to let ...

Litigation immunity sparks legal expert outcry

ROSE MARY PETRASS  |  MONDAY, 19 AUG 2024  |  NEWS
... debated this week. The proposed immunity aims to give the watchdog the Australian Securities and Investments Commission (ASIC) time to bring companies up to speed about the new regime. Multiple groups have come out in support of a delay, including the ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  TUESDAY, 6 AUG 2024  |  NEWS
... Mercer Superannuation Australia has been slapped with a whopping $11.3 million penalty by the Federal Court on the back of an ASIC-led greenwashing investigation. Mercer was found to make misleading statements on its website about seven Sustainable Plus ...

ACCR cuts ties with Rio Tinto

ROSE MARY PETRASS  |  THURSDAY, 1 AUG 2024  |  NEWS
... disengagement by ACCR was a powerful signal that investors need to reevaluate their trust in emissions-intensive companies. "ASIC is pursuing corporate greenwash as a form of investor deception," Buckley said. Making public statements that a company ...

Aus funds hit by outflows, global gains for passive ESG

ROSE MARY PETRASS  |  MONDAY, 29 JUL 2024  |  NEWS
... analyst Shamir Popat. He added that action against greenwashing by the Australian Securities and Investments Commission (ASIC) did not materially contribute to underperformance. "ESG integration has become the norm for most fund managers, and investors ...