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Showing 51 - 60 of 159 results for "ASIC"

ASIC fines Future Super over greenwashing Facebook post

RACHEL ALEMBAKIS  |  TUESDAY, 2 MAY 2023  |  NEWS
ASIC has issued an infringement notice against Future Super for allegations of greenwashing over a 2019 Facebook post that garnered fewer than 30 views. In May 2019, Future Super put up a post that included the statement "Naysayers don't join together ...

Investors welcome Commonwealth green bond program

RACHEL ALEMBAKIS  |  THURSDAY, 27 APR 2023  |  NEWS
... for the country and its net zero ambitions, but also for Australian corporates. "With recent increases in regulation from ASIC, AUD green bond issuance has slowed whilst corporates evaluate their own sustainability objectives and the robustness of their ...

Super funds ESG options underweight BHP, overweight CSL: Rainmaker Information

RACHEL ALEMBAKIS  |  THURSDAY, 27 APR 2023  |  NEWS
Super fund ESG options on average have "sharply reduced" exposure to BHP, Woodside Energy and Transurban while being overweight CSL, Telstra and ResMed, according to Rainmaker Information. Rainmaker Information has released its most recent Rainmaker ...

Government to fund sustainable finance taxonomy development

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023  |  NEWS
... announced it will provide an extra $4.3 million to crack down on greenwashing by businesses. The funding will be provided to ASIC to expand its surveillance and enforcement functions. The government also announced it will introduce a Sovereign Green ...

Market Forces asks for ASIC investigation of ANZ

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 APR 2023  |  NEWS
... resolution coordinated by the activist environmental advocacy group and proposed at the ANZ AGM in 2002. Market forces has asked ASIC to investigate "purported misconduct", alleging they are concerned that "ANZ and its directors have made misleading ...

New Zealand regulator warns Vanguard for disclosure failure

RACHEL ALEMBAKIS  |  THURSDAY, 30 MAR 2023  |  NEWS
New Zealand's market watchdog has pulled up Vanguard Investments for failing to officially inform them that ASIC had issued infringement notices relating to instances of greenwashing. The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - ...

More greenwashing investigations ahead: ASIC

RACHEL ALEMBAKIS  |  THURSDAY, 2 MAR 2023  |  NEWS
... court case against Mercer superannuation for allegations of greenwashing is "just one of the investigations we have on foot," ASIC chair Joe Longo said. "We will do what we need to do to make sure entities are not misleading the market" on greenwashing ...

ASIC takes Mercer to court over greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 28 FEB 2023  |  NEWS
Mercer Super Trust is the first entity in Australia to face legal action for alleged greenwashing conduct. ASIC has launched court action against Mercer Superannuation (Australia), the trustee of the Mercer Super Trust, for allegedly making misleading ...

Government's Climate Active certification challenged over possible greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 FEB 2023  |  NEWS
... interested in these types of claims," Rickard said in a speecha. "We are working closely with other regulators, including ASIC and the Clean Energy Regulator. We will be taking a coordinated approach to addressing the broad range of issues relating to ...

ASIC issues Indigenous Financial Services Framework

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 FEB 2023  |  NEWS
ASIC has acknowledged that First Nations peoples have been "prohibited and excluded from participating in the Australian financial system," and has published an Indigenous Financial Services Framework to support positive financial outcomes for First ...