In the last year alone, the Australian Securities and Investments Commission has commenced greenwashing action against Mercer, Vanguard and Active Super for allegedly providing misleading information over the ESG credentials of some investments.
At the same time, a Senate inquiry is underway into greenwashing, and Treasury is consulting on disclosure requirements that would align Australia with other parts of the world.
Persia Navidi, partner at Hicksons Lawyers, takes Jennifer Duke through ASIC's allegations, and what businesses need to do to prepare for more regulation.
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FEAR & GREED | Business News