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Showing 1 - 10 of 179 results for "greenwashing"

UniSuper defends APA stake amid member backlash

ROSE MARY PETRASS  |  WEDNESDAY, 2 OCT 2024  |  NEWS
... energy infrastructure group APA following member backlash. More than 1000 UniSuper members have accused the fund of greenwashing for its plans to enable gas fracking in the Beetaloo Basin, Northern Territory. Located 500 kilometres south of Darwin, the ...

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

ROSE MARY PETRASS  |  TUESDAY, 1 OCT 2024  |  NEWS
... investors face the unique challenge of understanding portfolio emissions, as well as growing concerns around exposure to greenwashing - and 'greenhushing' - risk. How can we ensure that climate reporting goes beyond a mere compliance exercise and provides ...

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
... institutions. ASIC pledged a "pragmatic and proportionate approach" to enforcing the new regime, saying cracking down on greenwashing will restore trust. "Investors and consumers are entitled to accurate and reliable information so they can make informed ...

Senate passes landmark climate reporting and net zero authority laws

ROSE MARY PETRASS  |  FRIDAY, 23 AUG 2024  |  NEWS
... in a generation... We are all in it together." This comes as ASIC continues action on misleading claims to deter greenwashing misconduct.

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  TUESDAY, 6 AUG 2024  |  NEWS
... 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 investment options ...

NZ investors to buoy positive impact funds, fears greenwashing

MICHELLE BALTAZAR  |  THURSDAY, 1 AUG 2024  |  NEWS
... responsible investing rules when they clearly don't. The survey found 51% of the respondents are concerned about greenwashing. "The greenwashing issue is a critical wake-up call for the investment industry. KiwiSaver and investment providers need to ...

ACCR cuts ties with Rio Tinto

ROSE MARY PETRASS  |  THURSDAY, 1 AUG 2024  |  NEWS
Mining giant Rio Tinto's political lobbying activities are a greenwashing risk, a breach of public trust, and a form of investor deception, according to ACCR. This week, a prominent shareholder advocacy group announced it cut ties after a year-long ...
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