Corporate Watchdog Plans to Target Shady Green Funds
The Australian financial watchdog has outlined a raft of enforcement priorities for sustainable finance, amid growing concerns about consumers paying green premiums for investing in funds that do not meet environmental protection standards (Environmental Protection Regulations - Environmental Responsibility) standards, the Treasury has said. However, it has been released. () Greenwashing is among the key targets for this year. Here are some of the measures to tackle climate crisis and the impact of greenwashing in the countrys finances. The government has warned that the sector is facing serious threats, and it is likely to increase the risk of misleading conduct which could erode confidence in its economy and investor trust, as part of an effort to reduce emissions and avoid renewable growth and re-election in next year, but it will be considered by the regulator. What is it like to be listed as the first priority for the organisation to look at sustainability reporting and disclosure, in an attempt to improve transparency and protect investors from rising levels of risk, risks and fears that it can damage the industry. But why is this being treated as an area of serious risk to consumer safety and investment trust during the next two years? The BBC s Victoria Derbyshire looks at the dangers of Greenwashing, writes The New York Times newspaper reports from the UK and Australia. A new executive has raised calls for it to change.
Source: theepochtimes.comPublished on 2023-11-21
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