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Showing 1 - 10 of 135 results for "ASIC"

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). ...

ESG skills in hot demand in risk, compliance hiring

RACHEL ALEMBAKIS  |  MONDAY, 12 FEB 2024  |  NEWS
... and period statements, the Financial Accountability Regime (FAR) Bill of2022, legislation driving fund retirement support, ASIC and ACCC's focus on greenwashing, and APRA's updates to SPS and CPS 230 and 530 - Investment Governance Regulations. In SPS ...

Ad industry proposes greenwashing code

RACHEL ALEMBAKIS  |  MONDAY, 22 JAN 2024  |  NEWS
... easy-to-understand language Visual elements should not give the wrong impression Be direct and open about your sustainability transition ASIC has also firmly signalled that greenwashing is on its radar for regulated entities, and is considering widening ...

Treasury publishes climate disclosure legislation

RACHEL ALEMBAKIS  |  MONDAY, 15 JAN 2024  |  NEWS
... see the government listening to market concerns and introducing a sensible period of regulator-only enforcement. We trust ASIC to take action based on the public interest." Much like the Modern Slavery Act, the government will conduct a review of climate ...

Top 10 most-read articles of 2023

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... and opportunities in investment activities and demonstrate how stewardship activities generate value in investments. #5: ASIC issues more greenwashing fines January: ASIC continued its crackdown on greenwashing, having previously fined two more entities ...

ESG in 2024: key trends and legislative changes for the year ahead

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... tight timeline to meet to hit its deadline. Under the Corporations Act, the Australian Securities and Investments Commission (ASIC) imposes personal liability risks for directors. This will make climate-related disclosures a civil penalty provision and ...

Northern Trust pulled up for greenwashing

ROSE MARY PETRASS  |  THURSDAY, 21 DEC 2023  |  NEWS
Northern Trust Asset Management Australia has paid just shy of $30,000 over allegations of greenwashing. ASIC brought two infringement notices against the local arm of the global fund manager alleged false and misleading statements in the application ...

Greenwashing a serious threat to financial markets: ASIC

RACHEL ALEMBAKIS  |  THURSDAY, 23 NOV 2023  |  NEWS
ASIC has identified sustainable finance governance and greenwashing as one of three key focus areas for action in 2024. Speaking at this week's annual forum, ASIC chair Joe Longo said sustainable financial reporting and disclosure, better consumer outcomes ...

Greenwashing a barrier to responsible investment uptake

RACHEL ALEMBAKIS  |  THURSDAY, 16 NOV 2023  |  NEWS
... labelling and guidance around responsible investment products. We continue to be a leader in this space and the moves by ASIC, the move forward to formalize more labels and also make responsible investment fund managers more responsive to the outcomes ...

ASIC considering wider lens for greenwashing focus

RACHEL ALEMBAKIS  |  THURSDAY, 9 NOV 2023  |  NEWS
ASIC is considering widening its greenwashing focus to include net zero statements, use of terms like "carbon neutral" and the scope and application of investment exclusions and screens. "Our enforcement actions in response to concerns of greenwashing ...
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