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Showing 21 - 30 of 144 results for "ASIC"

Treasury launches sustainable finance strategy

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... that the taxonomy could be embedded into regulatory arrangements either by legislation, via financial regulators such as ASIC and APRA "formally adopting the taxonomy as a standard or framework to guide their supervisory and enforcement activities - ...

Go digital for ESG, financial reporting: Deloitte

RACHEL ALEMBAKIS  |  WEDNESDAY, 20 SEP 2023  |  NEWS
... in digital formats like XBRL. "Since 2019, there have been more than 8,000 error corrections made to documents lodged with ASIC, representing 1.3% of all documents lodged," Deloitte said in the report. "Most corrections are made by companies with revenues ...

Investors consider greenwashing when setting net zero targets

RACHEL ALEMBAKIS  |  THURSDAY, 24 AUG 2023  |  NEWS
... correct is a challenge. Regulators around the world have been cracking down on greenhushing by businesses and investors, and ASIC senior executive leader, corporations Claire LaBouchardiere reiterated to the audience at the Investor Group on Climate ...

Active Super to face court over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023  |  NEWS
ASIC has filed a suit against Active Super over greenwashing claims, alleging, among other charges, that the super fund was invested in Russian assets after the invasion of Ukraine while purporting otherwise to members. The markets regulator has commenced ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  THURSDAY, 3 AUG 2023  |  NEWS
... regulator will crack down on index providers and other third-party service providers for greenwashing as well. Last month, ASIC announced it is taking Vanguard to federal court, alleging Vanguard "made false and misleading statements and engaged in conduct ...

ASIC takes Vanguard to court over further greenwashing claims

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023  |  NEWS
ASIC is taking Vanguard to court over greenwashing allegations relating to a global bond index fund. This is the second time the market regulator has taken action against Vanguard over greenwashing. ASIC has lodged civil penalty proceedings in federal ...

APRA strengthens super fund ESG responsibilities

RACHEL ALEMBAKIS  |  THURSDAY, 20 JUL 2023  |  NEWS
... how they should run their ESG strategies," Dunnin noted. "The dilemma for funds is that even if they wanted to step back, ASIC's initiatives on green hushing severely limit their ability to maneuver. Every fund has to explain its positions on these matters ...

ACCC publishes greenwashing guidance

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2023  |  NEWS
... greenwashing conduct crosses regulatory boundaries, citing work with the Australian Securities and Investment Commission (ASIC) in monitoring and combatting greenwashing. "The ACCC will focus on consumer facing products and services, whereas ASIC is ...

Companies urged to address Scope 3 emissions

ROSE MARY PETRASS  |  THURSDAY, 8 JUN 2023  |  NEWS
... easy to greenwash. It's not easy to do it without penalty... I expect a lot more companies will come under scrutiny of ASIC." "The Safeguard Mechanism will affect every business... the costs will be passed down to SMEs and consumers." Dugald Higgins ...

ASIC chair calls out greenhushing as form of greenwashing

RACHEL ALEMBAKIS  |  MONDAY, 5 JUN 2023  |  NEWS
... in which companies stop all voluntary disclosure of ESG information - is just another form of greenwashing, according to ASIC chair Joe Longo. In a public speech today, Longo provided additional context to the market regulator's focus on ESG action ...