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
HESTA nabs legalsuper executive
|The new hire will join HESTA in a newly created role after spending six months at legalsuper.
Inflation debate: Older Australians accused of driving crisis
|The Reserve Bank of Australia is accused of using young Australians as "cannon fodder" in fighting inflation after it conceded over-65s are spending more on the back of increased rates, leading to suggestions older Aussies are driving inflation.
Block Earner dodges massive fine
|The Federal Court has absolved Block Earner from paying a penalty for trading without a financial services licence, which ASIC believes should have been $350,000.
Who is the highest paid S&P500 company chief?
|The chief executive of semiconductor manufacturer Broadcom pocketed US$161.8 million in total remuneration in 2023 to be the only boss among S&P500 companies to receive a nine-figure salary, a new pay study shows.
Further Reading
Sponsored by | Know the facts about lifetime annuitiesSaving for a happy retirement is Australia's #1 financial goal. Learn how LifeIncome can deliver more income, certainty, & choice. |
Products
Featured Profile
Jason Huljich
JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
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?