Search Results

Showing 1 - 10 of 156 results for "ASIC"

ESG ratings risk greenwash

ROSE MARY PETRASS  |  WEDNESDAY, 4 SEP 2024  |  NEWS
... 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 sustainability of investment products. "Sustainability-related ...

Regulator hones in on greenwash as climate laws tighten

ROSE MARY PETRASS  |  MONDAY, 26 AUG 2024  |  NEWS
... 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 two ...

Senate passes landmark climate reporting and net zero authority laws

ROSE MARY PETRASS  |  FRIDAY, 23 AUG 2024  |  NEWS
... Parker said. Although some aspects of liability have been reduced, the Australian Securities and Investments Commission's (ASIC) regulatory actions have not. "Enforcement action will be pragmatic and proportionate: those are the key words I want to let ...

Litigation immunity sparks legal expert outcry

ROSE MARY PETRASS  |  MONDAY, 19 AUG 2024  |  NEWS
... debated this week. The proposed immunity aims to give the watchdog the Australian Securities and Investments Commission (ASIC) time to bring companies up to speed about the new regime. Multiple groups have come out in support of a delay, including the ...

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 Plus ...

ACCR cuts ties with Rio Tinto

ROSE MARY PETRASS  |  THURSDAY, 1 AUG 2024  |  NEWS
... disengagement by ACCR was a 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 ...

Aus funds hit by outflows, global gains for passive ESG

ROSE MARY PETRASS  |  MONDAY, 29 JUL 2024  |  NEWS
... analyst Shamir Popat. He added that action against greenwashing by the Australian Securities and Investments Commission (ASIC) did not materially contribute to underperformance. "ESG integration has become the norm for most fund managers, and investors ...

Podcast: Radical super reform for climate change progress with retirement heavyweight Jeremy Cooper

ROSE MARY PETRASS  |  TUESDAY, 16 JUL 2024  |  NEWS
... at Challenger, led the 'Cooper Review' into the super system, and earlier served as deputy chair of the corporate watchdog ASIC. Superannuation, with its long-term investment view, necessarily requires a transition to a sustainable economy to safeguard ...

Banks to refund millions following ASIC review

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... to 18 months, including $24.6 m to ABSTUDY recipients and customers in regions with significant First Nations populations. ASIC Commissioner Alan Kirkland said avoidable fees and complicated bank processes had caused financial distress, especially for ...

Retirement heavyweight pitches climate fix

ROSE MARY PETRASS  |  THURSDAY, 27 JUN 2024  |  NEWS
... renowned non-executive director has historically operated within superannuation and financial services. He was previously ASIC deputy chair. In March this year he pivoted, taking up a chair position on the carbon advisory board to help Future Group set ...
PREVIOUS
NEXT