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Showing 41 - 50 of 261 results for "ACCU"

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

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024  |  NEWS
Vanguard will pay a $12.9 million fine after being found guilty of greenwashing earlier this year. It marks the largest penalty ever imposed by the Federal Court for such conduct. In March, the Federal Court found Vanguard misled investors via claims ...

Watchdog cracks down on climate reporting

ROSE MARY PETRASS  |  MONDAY, 23 SEP 2024  |  NEWS
The corporate regulator warns that companies are not prepared for climate disclosures, and all cohorts must now get serious about tackling this challenge. Mandatory reporting will be effective from 1 January for large companies and financial institutions. ...

Super for housing to exacerbate affordability crisis: Eslake

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024  |  NEWS
Superannuation being used for house deposits would push up home prices, undermining Australians' home ownership prospects, slash retirement savings, and come at a significant cost to the Budget, according to a Corinna Economic Advisory report by ...

Parental leave super narrows gender savings gap

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024  |  NEWS
The legislation that will see superannuation contributions paid alongside government-funded parental leave entitlements passed parliament this week. Parents receiving payments from the Commonwealth Paid Parental Leave scheme will begin receiving Superannuation ...

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 ...

Canberra to expand ACCU scheme

ROSE MARY PETRASS  |  MONDAY, 2 SEP 2024  |  NEWS
... land use competition, and the intersection with the Safeguard Mechanism. It found that the Australian Carbon Credit Unit (ACCU) Scheme was performing well with robust governance, compliance and enforcement structures. It made 15 recommendations, including ...

Regulator hones in on greenwash as climate laws tighten

ROSE MARY PETRASS  |  MONDAY, 26 AUG 2024  |  NEWS
The 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 ...

Super on parental leave bill hits parliament

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024  |  NEWS
The legislation that will ensure superannuation is paid on Commonwealth Paid Parental Leave is to be tabled today, with the super industry calling for its swift passage. The Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) ...

Red alert for PFAS value chain

ROSE MARY PETRASS  |  FRIDAY, 16 AUG 2024  |  NEWS
A US$684 billion investor group urges caution as global bans on PFAS 'forever chemicals' escalate - yet opportunities await those ahead of the curve. A MUFJ-owned think tank from subsidiaries First Sentier and Mitsubishi UFJ Trust and Banking Corporation ...

BHP, Rio Tinto, Qantas back carbon credits fund

JAMIE WILLIAMSON  |  FRIDAY, 16 AUG 2024  |  NEWS
The ASX-listed companies have poured $80 million into a new Australian carbon credits fund from Silva Capital. The Silva Carbon Origination Fund is one of the first funds in Australia to invest in large-scale, high-integrity Australian Carbon Credit ...