Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 72 results for "Greenwashing"

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... activities in certain industries, including fossil fuels, when this was not always the case. "As ASIC's first greenwashing court outcome, the case shows our commitment to taking on misleading marketing and greenwashing claims made by companies in ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... those in the healthcare or financial services sectors," Allens said. It also said the continued regulatory focus on greenwashing and bluewashing, as well as proposed introduction of mandatory climate and modern slavery reporting requirements will likely ...

Best default super funds revealed

ANDREW MCKEAN  |  MONDAY, 4 MAR 2024
... Active Super achieved the highest returns at 8.5%, even amid Federal Court proceedings from ASIC over allegations of greenwashing. Aware Super's High Growth strategy and Hostplus' Balanced option also showed strong performance, recording returns ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
The now-defunct app-led climate impact fund is the latest entity to cop a fine for greenwashing from the regulator. Melbourne Securities Corporation (MSC) has paid $13,320 to comply with an ASIC infringement notice relating to allegations of misleading ...

Risk, compliance staff in hot demand

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... Recruitment director Amanda Chisholm, factors like RG97, the Financial Accountability Regime, regulators' focus on greenwashing and continued scrutiny via Your Future, Your Super are driving demand for risk and compliance talent. Ongoing consolidation ...

Actively managed, ESG funds top 2023 outflows

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... Australians redeemed $451 million (US$292m) from ESG equity funds. "The great ESG backlash reflects accusations of greenwashing and an increasing realisation that ESG is simply too vague to meet investor concerns. For example, a Japanese car manufacturer ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
ASIC deputy chair Sarah Court has reaffirmed that the corporate regulator is targeting member service failures, greenwashing, and inappropriate fees and charges, cautioning the superannuation industry to lift its game. At an industry event, Court said ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... many to pledge full divestment of Russian assets. Active Super, on the other hand, landed in hot water last year for greenwashing claims, allegedly telling members it divested its Russian investments when it did not do so. Today, the International Court ...

Australian Ethical super chief goes for growth in 2024

ANDREW MCKEAN  |  TUESDAY, 23 JAN 2024
... investment value. Piper welcomes the heightened regulatory attention on ESG, including ASIC's initiatives to combat greenwashing, interpreting these developments as indicative of the sector's ongoing maturation. "We welcome the fact that other ...

Morningstar cops greenwashing fine

KARREN VERGARA  |  FRIDAY, 1 DEC 2023
... organisations such as Diversa Trustees, Vanguard Investments Australia, and Active Super have recently engaged in greenwashing practices. In August, ASIC filed a suit against Active Super for, among other issues, allegedly investing in Russian assets ...
PAGE:
1
PREVIOUS
NEXT