ASIC pursues ‘several’ super funds for greenwashing, expects court action
ASIC pursues ‘several’ super funds for greenwashing, expects court action
Regulators target superannuation funds for misleading environmental claims, suspecting consumer protection violations warrant legal action. Mandatory savings exacerbate the harm, prompting a tougher regulatory stance against reported misconduct in the industry. This enforcement highlights the critical need to hold financial institutions accountable for transparent and honest sustainability disclosures.
Source: afr.comPublished on 2023-03-14