ASIC’s recent greenwashing interventions
This report outlines regulatory interventions made by the Australian Securities and Investments Commission (ASIC) between 1 July 2022 and 31 March 2023 in relation to greenwashing concerns.
Listed companies, managed funds and superannuation funds are increasingly making claims about their environmental, social and governance (ESG) credentials. In response to this, and in line with their strategic priorities, ASIC has expanded its surveillance and enforcement activities related to greenwashing.
ASIC’s aim is to ensure compliance with the law, promote fair markets, and support transparent disclosure so that retail investors and financial consumers can make informed decisions.
The purpose of this report is to provide transparency to the market on the nature of the matters where ASIC has recently intervened and to encourage issuers and advisers to consider this report when preparing disclosures.
