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ESG - ASIC releases anti greenwashing guidance

21 July 2022 3:37 PM | Richard Jennings (Administrator)

ASIC is clarifying ESG reporting in Australia to avoid greenwashing.  Sustainable investment is likely to exceed US$53 trillion globally by 2025. In the Asia-Pacific alone, environmental, social and governance (ESG) investments have more than doubled between 2019 and 2021. Australian Investments and Security Commission (ASIC) has now published an official information sheet on greenwashing in the ESG space, seen by some as a veiled warning to those not following the Corporation Act to the letter.  ASIC commissioner Sean Hughes made no bones about it, “ASIC is continuing to monitor the market and will be looking for misleading claims about ESG and sustainability. READ MORE

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