WebMar 8, 2024 · In a landmark greenwashing case, the Australian Securities and Investments Commission (ASIC) has accused Mercer Superannuation (Australia) Limited (Mercer) of … WebMar 1, 2024 · The corporate regulator, the Australian Securities and Investments Commission, this week launched its first court proceedings alleging greenwashing. …
22-336MR ASIC issues infringement notices against …
WebDec 14, 2024 · On 27 October 2024, ASIC announced that it had taken its first action for greenwashing against listed energy company Tlou. Tlou was required to pay a total of $53,280 under four infringement notices issued by ASIC over concerns about alleged false or misleading sustainability-related claims made to the ASX in October 2024. WebMar 2, 2024 · Greenwashing is a growing concern as consumers become increasingly conscious of their environmental impact and seek products with sustainable and ethical credentials, which explains ASIC's... c\u0027s waffles north lima ohio
ASIC and ACCC put companies on notice for greenwashing
WebApr 5, 2024 · In late 2024, the ACCC and ASIC each announced that they would be targeting greenwashing. ii. ASIC has since investigated and issued infringement notices to Tlou Energy Ltd, iii Vanguard Investments Australia Ltd (AUD $39,960), iv Diversa Trustees Ltd (for AUD $13,320) v and Black Mountain Energy Ltd (again AUD $39,960) in respect … WebAug 22, 2024 · Separately, ASIC will undertake core strategic projects focused on sustainable finance practices, crypto assets, scams, cyber and operational resilience, breach reporting, design and distribution ... 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 arctic avenue