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Showing 1 - 10 of 20 results for "Federal Court"

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024  |  NEWS
The Federal Court determined Vanguard misled investors via claims it made about certain ESG screens it applied to its Ethically Conscious Global Aggregate Bond Index Fund. On March 8, the indexing giant admitted to "engaging in conduct that was liable ...

Defunct fund pays greenwashing fine

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 FEB 2024  |  NEWS
... Northern Trust Asset Management. ASIC currently has three greenwashing-related civil penalty actions before the Federal Court - Vanguard Investments Australia and Active Super, while a tentative agreement has been reached with Mercer Super for civil ...

Australian Unity to assist as trustees in compensation deal

RACHEL ALEMBAKIS  |  THURSDAY, 22 FEB 2024  |  NEWS
... wrongfully imprisoned as children by the federal government between 2008 and 2012," the company said. It follows the Federal Court last month approving settlement terms in relation to a landmark class action brought against the federal government by ...

Northern Trust pulled up for greenwashing

ROSE MARY PETRASS  |  THURSDAY, 21 DEC 2023  |  NEWS
... and oversight of the Index and its constituents". ASIC currently has three greenwashing/ESG civil penalty cases in federal court, against Mercer Super, Vanguard Investments Australia, and Active Super Mercer and the markets regulator have reached a tentative ...

ASIC considering wider lens for greenwashing focus

RACHEL ALEMBAKIS  |  THURSDAY, 9 NOV 2023  |  NEWS
... misconduct range from warning letters, infringement notices and undertakings to civil penalty proceedings in the Federal Court," said ASIC deputy chair Sarah Court. "We generally select enforcement matters that are likely to have a broad reach, so that ...

ANZ in court over climate and nature risk failure

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
... understand if a major bank is taking these risks seriously. That's why I've filed an application in the Federal Court of Australia seeking more information about ANZ's risk management systems." Equity Generation Lawyers understands this to ...

Treasury issues statement on systemic climate risk to government bonds

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
... the Australian economy and creates uncertainty about the fiscal impacts of climate change on government bonds. The federal court has approved a settlement between the Commonwealth and Kathleen O'Donnell in a case was filed in 2020 when O'Donnell ...

Bowen paints mixed outlook for energy future

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
... transformation our country's ever taken... an extraordinary opportunity for our country". This comes as the federal court has dismissed a challenge to two coal mine developments, establishing a precedent that the federal government can disregard ...

Coal mine case sets climate risk precedent

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
The Federal Court has dismissed a challenge to two coal mine developments, establishing a precedent that the federal government can disregard the climate risks posed by such fossil fuel projects when deciding whether to approve them. In Environment ...

Woodside sells 10% of $16.5b Scarborough LNG to Japan investors

ROSE MARY PETRASS  |  FRIDAY, 11 AUG 2023  |  NEWS
... has been subject to three high-profile legal challenges, both in the Supreme Court of Western Australia and the Federal Court. Woodside argues that LNG will aid in decarbonisation efforts in the shift away from high-emissions fossil fuels. Woodside CEO ...
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