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Showing 21 - 30 of 142 results for %22ASIC%22

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 ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  THURSDAY, 3 AUG 2023  |  NEWS
... regulator will crack down on index providers and other third-party service providers for greenwashing as well. Last month, ASIC announced it is taking Vanguard to federal court, alleging Vanguard "made false and misleading statements and engaged in conduct ...

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 ...