Search Results

Showing 31 - 40 of 205 results for "greenwashing"

ESG ratings risk greenwash

ROSE MARY PETRASS  |  WEDNESDAY, 4 SEP 2024  |  NEWS
ASIC's latest roll call of greenwashing 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 ...

Regulator hones in on greenwash as climate laws tighten

ROSE MARY PETRASS  |  MONDAY, 26 AUG 2024  |  NEWS
... institutions. ASIC pledged a "pragmatic and proportionate approach" to enforcing the new regime, saying cracking down on greenwashing will restore trust. "Investors and consumers are entitled to accurate and reliable information so they can make informed ...

Senate passes landmark climate reporting and net zero authority laws

ROSE MARY PETRASS  |  FRIDAY, 23 AUG 2024  |  NEWS
... in a generation... We are all in it together." This comes as ASIC continues action on misleading claims to deter greenwashing misconduct.

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  TUESDAY, 6 AUG 2024  |  NEWS
... 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 investment options ...

NZ investors to buoy positive impact funds, fears greenwashing

MICHELLE BALTAZAR  |  THURSDAY, 1 AUG 2024  |  NEWS
... responsible investing rules when they clearly don't. The survey found 51% of the respondents are concerned about greenwashing. "The greenwashing issue is a critical wake-up call for the investment industry. KiwiSaver and investment providers need to ...

ACCR cuts ties with Rio Tinto

ROSE MARY PETRASS  |  THURSDAY, 1 AUG 2024  |  NEWS
Mining giant Rio Tinto's political lobbying activities are a greenwashing risk, a breach of public trust, and a form of investor deception, according to ACCR. This week, a prominent shareholder advocacy group announced it cut ties after a year-long ...

Aus funds hit by outflows, global gains for passive ESG

ROSE MARY PETRASS  |  MONDAY, 29 JUL 2024  |  NEWS
... growth ambitions," said Morningstar local senior manager research 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 ...

ISO to launch first net zero standards

ROSE MARY PETRASS  |  TUESDAY, 2 JUL 2024  |  NEWS
... ISO Net Zero Guidelines launched at COP27. It aims to accelerate sustainability, and vitally, will work to prevent greenwashing by supporting independently verified and comprehensive climate action. The organisation put out a call out for experts to ...

Latest disclosure update

ROSE MARY PETRASS  |  FRIDAY, 28 JUN 2024  |  NEWS
... The changes include two voluntary product categories, 'sustainable' and 'transition', to prevent greenwashing. 'Transition' investments are products that are not yet sustainable, while the 'sustainable' category focuses ...

Vision Super in hot water over coal investment

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024  |  NEWS
... complicate matters, Vision Super is set to merge with Active Super in March 2025, with the latter found guilty of greenwashing earlier this month with its investment in Whitehaven Coal being one of investments scrutinised. In addition, Whitehaven recently ...