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Showing 31 - 40 of 144 results for "ASIC"

No pause button on greenwashing action: ASIC

ROSE MARY PETRASS  |  THURSDAY, 11 MAY 2023  |  NEWS
ASIC is updating its enforcement approach to greenwashing-type misconduct in response to a global rise in sustainability-related products and product strategies. ASIC deputy chair Karen Chester this week outlined a plan for the corporate, market and ...

Renewable energy, climate in spotlight in Federal Budget

RACHEL ALEMBAKIS  |  TUESDAY, 9 MAY 2023  |  NEWS
... bills and carbon emissions." The Budget also included previously announced measures, such as an additional $4.3 million for ASIC to crack down on greenwashing by businesses. The funding will be provided to ASIC to expand its surveillance and enforcement ...

ESG salaries revealed, talent shortage predicted as demand surges

ROSE MARY PETRASS  |  TUESDAY, 9 MAY 2023  |  NEWS
... permeating through the corporate and investment world. Regulatory changes and the increase in fines from regulatory bodies such as ASIC means it is more important than ever to mitigate ESG risks, as well as crack down on greenwashing. Traditionally lean ...

Stewardship and greenwashing in spotlight at RI Australia 2023

RACHEL ALEMBAKIS  |  THURSDAY, 4 MAY 2023  |  NEWS
... what our finance sector feels like." The efforts of regulators to address greenwashing will be a significant focus, with ASIC deputy chair Karen Chester delivering a keynote address on ASIC's direction. APRA executive director Sean Carmody will join ...

Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023  |  NEWS
... Jones pointed to Treasury's announcement that it will provide an additional $4.3 million in the next financial year to assist ASIC to continue its existing focus on greenwashing. "Sustainable business strategy has to start in boardrooms and in investment ...

ASIC fines Future Super over greenwashing Facebook post

RACHEL ALEMBAKIS  |  TUESDAY, 2 MAY 2023  |  NEWS
ASIC has issued an infringement notice against Future Super for allegations of greenwashing over a 2019 Facebook post that garnered fewer than 30 views. In May 2019, Future Super put up a post that included the statement "Naysayers don't join together ...

Investors welcome Commonwealth green bond program

RACHEL ALEMBAKIS  |  THURSDAY, 27 APR 2023  |  NEWS
... for the country and its net zero ambitions, but also for Australian corporates. "With recent increases in regulation from ASIC, AUD green bond issuance has slowed whilst corporates evaluate their own sustainability objectives and the robustness of their ...

Super funds ESG options underweight BHP, overweight CSL: Rainmaker Information

RACHEL ALEMBAKIS  |  THURSDAY, 27 APR 2023  |  NEWS
Super fund ESG options on average have "sharply reduced" exposure to BHP, Woodside Energy and Transurban while being overweight CSL, Telstra and ResMed, according to Rainmaker Information. Rainmaker Information has released its most recent Rainmaker ...

Government to fund sustainable finance taxonomy development

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023  |  NEWS
... announced it will provide an extra $4.3 million to crack down on greenwashing by businesses. The funding will be provided to ASIC to expand its surveillance and enforcement functions. The government also announced it will introduce a Sovereign Green ...

Market Forces asks for ASIC investigation of ANZ

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 APR 2023  |  NEWS
... resolution coordinated by the activist environmental advocacy group and proposed at the ANZ AGM in 2002. Market forces has asked ASIC to investigate "purported misconduct", alleging they are concerned that "ANZ and its directors have made misleading ...