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Showing 1 - 10 of 82 results for "Greenwashing"

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... investigations grew by 25% year on year, while civil proceedings rose 23%. This included taking action in the areas of greenwashing, cryptocurrency, predatory lending, high-cost credit, and insider trading. "Our 2025 enforcement priorities reflect the ...

Regulators to clamp down harder on greenwashing

ANDREW MCKEAN  |  FRIDAY, 27 SEP 2024
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
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 ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... 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 ...

Vision Super in hot water over coal investment

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... complicate matters, Vision Super is set to merge with Active Super in March 2025, with the latter found guilty of greenwashing earlier this month with its investment in Whitehaven Coal being one of investments scrutinised. In addition, Whitehaven recently ...

Advisers call for apology from Super Members Council

JAMIE WILLIAMSON  |  FRIDAY, 14 JUN 2024
... SMC's use of a "broad brush slur is offensive" and would be akin to him suggesting all super funds are involved in greenwashing. Sharpe finished by saying he would like an apology from the lobby group. "Let's be clear - the absolute vast majority ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024
Active Super has been found guilty of misleading the public with false claims about its environmental, social, and governance (ESG) credentials. The profit-to-member fund, which is set to merge with Vision Super in March 2025, made claims on its website ...

Emissions data demand drives tech growth

ROSE MARY PETRASS  |  TUESDAY, 4 JUN 2024
... in demand is part of a push to base reporting and investment decisions on real data - and ultimately, to prevent greenwashing, chief executive Carl Prins said. The regulator is scrutinising green claims, and investors need to ensure data does not rely ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
The government will provide $17.3 million over four years to ASIC and APRA to combat greenwashing and other related financial misconduct and help further develop Australia's sustainable finance market. In a bid to promote the development of sustainable ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... required to meet new climate reporting requirements. It means ensuring you adopt the necessary practices to avoid greenwashing."
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