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Showing 61 - 70 of 247 results for "greenwash"

Podcast: Maintaining competitive advantage in an age of climate transparency with Duncan Paterson

THE GREENER WAY  |  TUESDAY, 1 OCT 2024  |  NEWS
This week we have Duncan Paterson, Director of Investor Practice at the Investor Group on Climate Change (IGCC) on the show to discuss Australia's mandatory climate reporting regime. It's undoubtedly a massive opportunity to open the door wider ...

Regulators to clamp down harder on greenwashing

ANDREW MCKEAN  |  FRIDAY, 27 SEP 2024  |  NEWS
Regulators are zeroing in on anti-greenwashing measures in the asset management sector, as well as tighter regulations on artificial intelligence (AI) and digital technology, according to a KPMG report. The report said that stopping companies from making ...

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 ...

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
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 ...

Senate passes landmark climate reporting and net zero authority laws

ROSE MARY PETRASS  |  FRIDAY, 23 AUG 2024  |  NEWS
The finance industry welcomes new climate rules to empower investor decision-making and corporate action but urges no further delays in enforcement. Climate reporting will be mandatory for large entities from 1 January 2025, helping investors identify ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  TUESDAY, 6 AUG 2024  |  NEWS
Mercer Superannuation 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 ...

NZ investors to buoy positive impact funds, fears greenwashing

MICHELLE BALTAZAR  |  THURSDAY, 1 AUG 2024  |  NEWS
Positive impact fund managers should direct their efforts towards the New Zealand market after an investor survey last month found three in four New Zealanders want to invest in positive impact strategies. The annual survey, Voices of Aotearoa: Demand ...

ACCR cuts ties with Rio Tinto

ROSE MARY PETRASS  |  THURSDAY, 1 AUG 2024  |  NEWS
... powerful signal that investors need to reevaluate their trust in emissions-intensive companies. "ASIC is pursuing corporate greenwash as a form of investor deception," Buckley said. Making public statements that a company is taking action on net zero ...

Aus funds hit by outflows, global gains for passive ESG

ROSE MARY PETRASS  |  MONDAY, 29 JUL 2024  |  NEWS
Latest fund data show ESG funds were hit hard by outflows in the June quarter, but some strategies and fund managers are thriving. Australia and New Zealand sustainable funds suffered $1.2 billion in outflows (US$800 million) in the three months to ...