WebOn February 28, 2024, Australia’s securities regulator, the Australian Securities and Investments Commission (ASIC), announced that it had commenced “civil penalty proceedings” in federal court against Mercer Superannuation (Australia) Limited (Mercer) for “making misleading statements about the sustainable nature and characteristics” of … WebFeb 28, 2024 · Greenwashing is when companies overstate or lie about their environmental credentials. ASIC deputy chair Sarah Court says Mercer must ‘uphold’ promises to invest ethically. Credit: Alex ...
‘Greenwashing’ firms face steep new UK fines for misleading …
WebMar 3, 2024 · As part of our sustainability strategy, Mercer has committed to using at least 80% certified wood by 2030. This goal is accompanied by a close dialogue with certificate owners and the forestry industry on how to increase the … WebFeb 28, 2024 · "This is the first time ASIC has taken an Australian entity to court regarding alleged greenwashing conduct, and it reflects our continuing efforts to ensure sustainability-related claims made by financial institutions are accurate," she said. By taking Mercer to the Federal Court, ASIC is seeking declarations and pecuniary penalties. chinesische raumstation tiangong 3 stream
Australia Regulator Sues Mercer Pension Fund for Greenwashing
WebFeb 28, 2024 · ASIC accuses Mercer Super of greenwashing in landmark court case. The Australian Security and Investments Commission (ASIC) is taking Mercer … WebFeb 28, 2024 · Australia's regulator sues Mercer pension fund in first greenwashing case By Praveen Menon and Sameer Manekar Feb 28 (Reuters) - Australia's corporate … Web2 days ago · ASIC launched its first court action against alleged greenwashing conduct in March, commencing civil penalty proceedings in the Federal Court against Mercer Superannuation (Australia) Limited for allegedly making misleading statements about the sustainable nature and characteristics of some of its superannuation investment options. grange of prince edward county winery