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ASX-listed company investigated by ASIC for greenwashing

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The corporate watchdog is conducting two investigations into companies overhyping their climate credentials as it tackles trends reshaping the financial system.

Global climate change developments in policy and capital markets, and more people living longer, are two of the emerging trends ASIC identifies as reshaping the financial system.

“One of our priority areas is to really focus on the need to not be misleading and deceptive with their marketing and how they promote products,” he said. It is working closely with global regulators and standard setters on climate-related disclosures by companies and market participants.As the superannuation sector grows beyond $3.4 trillion, ASIC will also ramp up surveillance of super products, marketing, distribution and advice by fund trustees and financial advisers.

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Overhyping credentials in the finance sector….. [insert sarcasm] how unexpected ! 🤭

日本 最新ニュース, 日本 見出し

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