Greenwashing is one of the Australian Securities and Investments Commission (“ASIC”) key priorities outlined in its recently released enforcement priorities, particularly as there has been an increase in investor demand for sustainability-related financial products in the Australian market. ASIC recognises ‘greenwashing’ as the practice of misrepresenting a financial product or investment strategy as environmentally friendly, sustainable or ethical, and firms should take actions to ensure that…
the environmental, social or governance claims in their marketing documents can be substantiated. We’ve produced a handy one-page guide to greenwashing outlining the four principles firms must consider and what steps they can take to avoid enforcement action.
Please click here to access it.
To read more about AISC’s enforcement priorities for 2023, please click here.
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