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Australian regulator warns of more action against suspected greenwashing
23 August 2024The Australian Securities and Investments Commission (ASIC) has said it is investigating several suspected greenwashing cases and expects to take further "enforcement action" to penalise greenwashing.
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ASIC fines Mercer in 'landmark' greenwashing case
02 August 2024The Australian Securities and Investments Commission (ASIC) has fined Mercer Superannuation AUD11.3 million ($7.7 million) for greenwashing, in a case the regulator said was the first of its kind and was a landmark for the financial services industry.
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Active Super made 'misleading ESG claims', Australian court finds
11 June 2024 -
Vanguard's Australian arm made 'misleading' ESG claims regarding bond fund, court rules
28 March 2024Vanguard's Australian arm broke the law by "making misleading claims about certain ESG exclusionary screens" applied to investments in a bond index fund, the Australian Federal Court has ruled in a landmark case.
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Australian regulator launches 'greenwashing' case against Active Super
11 August 2023The Australian Securities and Investments Commission (ASIC) has started legal proceedings against the AUD26 billion ($17 billion) Active Super which allege "misleading conduct and misrepresentations" around its responsible investment fund.
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Australian regulator launches anti-greenwashing fund guidance
14 June 2022The Australian Securities and Investments Commission (ASIC) has launched guidance for sustainability-related products to combat what it called the "growing risk of greenwashing".
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Investor groups outline Australian mandatory climate disclosure roadmap
29 June 2021The UN Principles for Responsible Investment (PRI), Investor Group on Climate Change (IGCC) and CDP have published a roadmap...