WebTaking the Temperature: ASIC’s action against Mercer is one of several developments in Australia related to greenwashing. On March 2, 2024, the country’s competition regulator, the Australian Competition and Consumer Commission (ACCC), announced that it “will be investigating a number of businesses for potential ‘greenwashing’, ... Web28 feb. 2024 · The Australian Securities and Investments Commission has started legal proceedings against Mercer in its first court action over alleged “greenwashing”, a term …
Australian Regulator Accuses Mercer Super of Greenwashing
Web28 feb. 2024 · ASIC said that it alleges that by doing so, “Mercer made false and misleading statements and engaged in conduct that could mislead the public.” Sarah Court, ASIC Deputy Chair, said: “There is increased demand for sustainability-related financial products, and with that comes the growing risk of misleading marketing and greenwashing. Web27 mrt. 2024 · If ASIC are successful in these proceedings, Mercer could be liable to pay the severe maximum penalties under the ASIC Act (set out in our previous article). Black Mountain Energy Ltd ($39,960 ... credibility in a speech example
Australian Investors Await ASIC Greenwashing Case Against …
Web2 dagen geleden · 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, … Web2 dagen geleden · ASIC launched its first court action against alleged greenwashing conduct in March, commencing civil penalty proceedings in the Federal Court against … Web7 mrt. 2024 · Last week, the Australian Securities and Investments Commission ( ASIC) commenced civil penalty proceedings for alleged greenwashing against Mercer … buckeye superfest columbus