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Showing 41 - 50 of 204 results for "ASIC"

New tool sniffs out greenwashing

ROSE MARY PETRASS  |  TUESDAY, 26 NOV 2024  |  NEWS
... amidst an ongoing crackdown on greenwashing by the corporate regulator, the Australian Securities and Investments Commission (ASIC). Future Group manages $15 billion across 383,000 members.

Cbus board still considering CFMEU directors

JAMIE WILLIAMSON  |  TUESDAY, 12 NOV 2024  |  NEWS
... relationship with the CFMEU continues to be a value driver for the fund. Finally, while the insurance issues that led to ASIC filing its case against Cbus this week couldn't be discussed in great detail, Bragg did ask Fok who would ultimately foot ...

ASIC calls for feedback on disclosure regime

MICHELLE BALTAZAR  |  MONDAY, 11 NOV 2024  |  NEWS
... draft explains who must prepare a sustainability report, how the regime will interact with existing legal obligations and how ASIC will administer the sustainability reporting requirements. It also includes specific guidance on ASIC's approach to ...

Boards vulnerable to next wave of climate litigation: IGCC

MICHELLE BALTAZAR  |  THURSDAY, 7 NOV 2024  |  NEWS
... four years." The panel agreed that at the moment, there is no need for new legislation. Existing legislation under APRA, ASIC and the ACCC captures potential infractions. For example, 'greenwashing' litigation is well covered by existing misleading ...

Podcast: How to ace climate reporting and avoid greenwash with Kate O'Rourke

THE GREENER WAY  |  TUESDAY, 22 OCT 2024  |  NEWS
With mandatory climate reporting coming into force in Australia, the corporate regulator ASIC is stepping up enforcement, targeting misleading and deceptive practices with serious consequences for non-compliance. Today's episode is your guide to ...

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 ...