In an age where climate concerns and social consciousness dominate headlines, it's no surprise that investors are increasingly seeking investments that align with their values. With several high-profile cases recently exposing alleged greenwashing practices, many investors are left wondering if they can trust a company’s...
With the ASX 300 staring down the barrel of a 4.5-degree temperature rise, it is critical that Australia’s largest leading companies incorporate more sustainable practices into their business operations. At the RI Australia Conference 2023, representatives from ASX listed companies Mirvac, Wesfarmers and the A2...
The starting gun has fired in the global clean energy race and Australia stands at a crossroads - will we soar as a competitive force or falter at the starting line? Worldwide there is a scramble for capital to fuel the transition to a cleaner global...
Modern slavery has become a key issue for the responsible investment community in recent times. At the RI Australia 2023 conference, Tomoya Obokata, the United Nations’ Special Rapporteur on Contemporary Forms of Slavery presented on the global state of modern slavery. During his keynote speech and...
As investors and owners of firms, whether as principals or fiduciaries, we are responsible for addressing the varied potential impacts of continued greenhouse gas emissions. The projected cost of climate change is significant, affecting individuals, society, the environment, and the companies operating within it. While we...
On 11 August, the Australian Securities and Investments Commission (ASIC) initiated civil penalty proceedings against LGSS Pty Limited (Active Super). The regulatory action alleges misleading conduct and misrepresentations made by Active Super regarding its ethical and responsible investment claims. What has happened ASIC alleges that Active Super...
Betashares says RIAA Certification for its funds enables them to tell their investors that the responsible investment claims they make have been independently verified. Greenwashing risk continues to be a critical issue facing managers in responsible and ethical investment. According to Director of Responsible Investments...
What you need to know: The Australian financial regulator, ASIC, has announced a greenwashing case against Vanguard Investments Australia regarding their Vanguard Ethically Conscious Global Aggregate Bond Index Fund (Hedged). ASIC’s action relates to allegations of false and misleading statements by Vanguard in the period of 2018...
In recent years, momentum has been building around channeling capital into sustainable projects and economic activities to help the economy and societies become more resilient to climate-related risks. A sustainable finance taxonomy, if done right, will help achieve this, by articulating a set of principles...
Global regulators’ focus on greenwashing has prompted the responsible investment sector to look closely at how we’re communicating about responsible investment products. Australia’s recent 2023-24 Federal Budget included $4.3 million in additional funding for ASIC’s greenwashing surveillance and enforcement work. The Australian Government has also indicated...