Morningstar cops greenwashing fineBY KARREN VERGARA | FRIDAY, 1 DEC 2023 12:22PMASIC slapped Morningstar with a fine for allegedly exposing investors to controversial weapons companies after proclaiming that its environmental, social, and governance (ESG) policy strictly excludes such investments. Related News |
Editor's Choice
Vision Super chair departs
|Lisa Darmanin, Vision Super's chair for almost three years, has stepped down to become a Senator for Victoria.
Forged documents see former adviser banned
|A former Capstone Financial Planning adviser who forged clients' signatures to steal from them is now permanently banned.
BlackRock has most valuable brand, study finds
|BlackRock has the world's most valuable brand in asset management, while Public Investment Fund (PIF) takes the title among sovereign wealth funds.
Interest rate relief unlikely 'this side of Christmas'
|The latest inflation data has done little to quell fears that Australians are in for more interest rate pain for longer.
Products
Featured Profile
Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
ASIC is taking an approach which puts them in the spotlight as a tough regulator. On balance they appear to be losing more court cases than they are winning at the moment.
So, for a self-identified and self-reported disclosure issue, Morningstar, much like a few of the other ones recently, gets dragged through the mud and ASIC gets a headline.
The regulators talk and talk about Risk Culture and fostering an environment of openness yet ASIC seems to be taking an approach which is contrary to all this. How many entities are now trying to find ways of not reporting given they know ASIC appears to have no tolerance for one-off minor breaches, which this appears to be?