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Showing 31 - 40 of 73 results for "Greenwashing"

Future Super accused of greenwashing via Facebook post

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
... Court said. "This action should send a message to the financial services industry that ASIC is continuing to focus on greenwashing broadly, in statements to the market, disclosure documents, marketing material and on social media. Industry using social ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... exacerbation of retail conduct vulnerabilities due to inappropriate online marketing and "finfluencer" activities. Greenwashing also poses an increasing risk, eroding trust in sustainable finance products and leaving investors vulnerable to misleading ...

Expect more greenwashing action: ASIC

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAR 2023
The court case against Mercer Superannuation for allegations of greenwashing is "just one of the investigations on foot", ASIC chair Joe Longo said. "We will do what we need to do to make sure entities are not misleading the market" on greenwashing ...

Mercer embroiled in greenwashing allegations

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
Setting a precedent, the corporate watchdog has taken Mercer Superannuation Australia to court for alleged greenwashing conduct. Mercer marketed the Sustainable Plus options, available in the Mercer Super Trust (MST), as suitable for members who "are ...

Ethical, sustainable ETFs top $9bn

RACHEL ALEMBAKIS  |  FRIDAY, 27 JAN 2023
... over. Again, that's increasingly unacceptable to investors. They want stewardship to generate concrete outcomes." Greenwashing is also a topic that Betashares is tracking - the fund manager examined its materials in line with Information Sheet 271 ...

Sustainability reporting, biodiversity, social high on ASX agenda

RACHEL ALEMBAKIS  |  FRIDAY, 27 JAN 2023
... assess the 45 most talked about ESG related topics over the last five years. The analysis showed that topics including greenwashing, green finance, nature-based solutions and the Taskforce on Nature-related Financial Disclosures (TNFD) increasing from ...

APRA slaps conditions on Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
... products were shuttered after they failed to reach meaningful scale. In December 2022, ASIC fined Diversa over alleged greenwashing. The allegations related to statements made by Cruelty Free Super which overstated the use of investment screens. In August ...

Bloom raises $500k in seed funding

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2023
... feel good about the impact they're making in the world. "It also, I think, responds to a regulatory push against greenwashing - as a responsible investment manager, we have a duty to unpack what we mean by sustainable investment, and being super ...

ASIC commissioner to join Vanguard

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
... chance of investing success." The appointment follows Vanguard being targeted by the regulator late last year over greenwashing concerns. Vanguard was the first investment manager in Australia to be fined for the offence, paying almost $40,000 to comply ...

ASIC takes action against more greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 10 JAN 2023
ASIC has continued its crackdown on greenwashing, having recently fined two more entities over alleged false or misleading statements. Earlier this month, ASIC announced it fined superannuation trustee Diversa Trustees $13,320. Diversa is the issuer ...