WebMar 14, 2024 · ASIC has published Information Sheet 271 (INFO 271) to provide guidance in relation to communications about sustainability-related products and how they can avoid greenwashing these offerings. While the ACCC is expected to conduct a range of education activities with businesses, including updating economy-wide guidance … WebApr 14, 2024 · ASIC is required to issue infringement notices within 12 months of the date when the contravention is alleged to have taken place. Recent cases in which infringement notices have been issued. Recently, ASIC has cracked down on companies it alleges have been engaged in greenwashing actions.
Greenwashing - Australia’s corporate regulator, ASIC, takes action
WebMar 8, 2024 · In a landmark greenwashing case, the Australian Securities and Investments Commission (ASIC) has accused Mercer Superannuation (Australia) Limited (Mercer) of … Web2 days ago · Regulators ASIC and ACCC have put Australian businesses on notice that those caught deceiving consumers or investors through greenwashing are facing potential prosecution. It’s the new battleground of business ethics, David Gilchrist reports. Among the industries of most concern to regulators are the cosmetic, fashion, footwear, and food … east rockhill twp
ACCC to crack down on ‘greenwashing’ after survey reveals spike …
WebApr 12, 2024 · At the time, ASIC deputy chief Sarah Court noted “greenwashing” extends to social and governance issues too, not just environmental. “[Entities] making those claims must be able to substantiate them,” Court said at the time. Just a $40,000 fine, for now Now, at the start of January 2024, it has claimed the third scalp from Black Mountain. WebDec 2, 2024 · Greenwashing is the practice of misrepresenting the extent to which a financial product or investment strategy is environmentally friendly, sustainable or ethical. … WebMar 8, 2024 · In a landmark greenwashing case, the Australian Securities and Investments Commission ( ASIC) has accused Mercer Superannuation (Australia) Limited ( Mercer) of greenwashing. cumberland county technical center