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Showing 61 - 70 of 204 results for "ASIC"

Member accuses UniSuper of greenwashing

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024  |  NEWS
UniSuper was recently hit with fresh allegations of greenwashing by a member who issued a complaint to ASIC in relation to certain holdings. The member believes UniSuper marketing two of its three responsible investment options as 'sustainable' places ...

ASIC consults on guidance for carbon markets

ROSE MARY PETRASS  |  WEDNESDAY, 8 MAY 2024  |  NEWS
... to the Australian financial services (AFS) licensing requirements. The Australian Securities and Investments Commission (ASIC) proposed an overhaul of its regulatory guide to address the safeguard mechanism reforms. The proposed updates, which address ...

Greenwashing crackdown will boost ESG fund flows: ASIC

ROSE MARY PETRASS  |  THURSDAY, 2 MAY 2024  |  NEWS
... ensure their products are true-to-label in order to avoid greenwashing, the Australian Securities and Investments Commission (ASIC) chair said. Businesses with transparent and clear sustainability goals backed up by genuine ambition and action are not ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  MONDAY, 29 APR 2024  |  NEWS
... hardship as a result of these planned new reporting requirements." Meantime, Australian Securities and Investments Commission (ASIC) chair Joe Longo said growing interest in environmental, social, and governance issues had driven the need for more thorough ...

RIAA: Sustainability goes mainstream

ROSE MARY PETRASS  |  THURSDAY, 11 APR 2024  |  NEWS
... managers, government relations, financial advisers, and of course, we are expecting sustainability leads to be there in droves." ASIC Chair Joe Longo will be at the conference to answer questions around greenwashing and product labelling, which are "front ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024  |  NEWS
... representations that were false or misleading." Today, Justice O'Bryan found Vanguard broke the law numerous times, breaching the ASIC Act when it made representations about the screens it was applying to the fund. This was to have occurred between ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  FRIDAY, 22 MAR 2024  |  NEWS
Australian Securities and Investments Commission (ASIC) commissioner Alan Kirkland has admitted the regulator can't fight every battle of misconduct, but that doesn't mean it's not watching. Speaking at the Blockchain APAC Policy Week event ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024  |  NEWS
... "If a company is raising money from the public... it needs to be truthful about its use of AI," he said. Closer to home, ASIC hasn't yet sounded the alarm on AI washing, but chair Joe Longo has voiced apprehensions regarding the adequacy of current ...

Greenwashing remains a priority: ASIC

MICHELLE BALTAZAR  |  MONDAY, 18 MAR 2024  |  NEWS
... is. "We have made some improvements in the greenwashing space, which remains an important priority," said newly appointed ASIC Commissioner Simone Constant. "Building on that, we are also thinking about the different parts of it. For example, the use ...

Defunct fund pays greenwashing fine

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 FEB 2024  |  NEWS
... cop a fine for greenwashing from the regulator. Melbourne Securities Corporation (MSC) has paid $13,320 to comply with an ASIC infringement notice relating to allegations of misleading statements regarding the Bloom Climate Impact Fund (Bloom Fund). ...