Search Results

Showing 81 - 90 of 521 results for "consumer"

Global corporate emissions fall for first time

ROSE MARY PETRASS  |  WEDNESDAY, 20 NOV 2024  |  NEWS
... will continue into the future," said McNeil. "Decarbonisation will begin to accelerate in sectors like transportation, consumer goods, aviation and agriculture via new low carbon products." McNeil dismissed concerns about political resistance, arguing ...

Battery storage the next energy disruptor

MICHELLE BALTAZAR  |  MONDAY, 11 NOV 2024  |  NEWS
... choice but to comply, but there's more education and public debate needed. "We love the techno-babble but the average consumer doesn't think like that. They think about what it means for their hip pocket. They think about what it means for their ...

Australia leads in greenwashing lawsuits

ROSE MARY PETRASS  |  MONDAY, 28 OCT 2024  |  NEWS
... emissions plan. This comes as the nonprofit Climate Integrity has made a complaint with the Australian Competition and Consumer Commission (ACCC) Qantas of greenwashing over 'carbon neutral' flights. The Australian corporate regulator has been ...

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 ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  THURSDAY, 12 SEP 2024  |  NEWS
Insurers will no longer be able to use genetic test results in life insurance underwriting, with a total ban to be introduced by the government. Earlier this year, the government consulted on the use of genetic test results in underwriting life insurance ...

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 ...

Red alert for PFAS value chain

ROSE MARY PETRASS  |  FRIDAY, 16 AUG 2024  |  NEWS
... human-made Perfluoroalkyl and Polyfluoroalkyl Substances (PFAS) carries material financial risks. The opportunity lies in consumer and industrial sectors which are crying out for viable alternatives to 'forever chemicals' that accumulate and do not break ...

Catastrophe bill blows up to $90bn

ELIZABETH FRY  |  THURSDAY, 15 AUG 2024  |  NEWS
Swiss Re says global insured losses from natural catastrophes hit $90.5 billion (US$60bn) in the first half of 2024, with severe thunderstorms accounting for two-thirds of that figure. Interestingly, the half was the second costliest on record for insured ...