ASIC (Australian Securities and Investments Commission)
Australia's corporate, markets and financial services regulator. It has taken court action and issued penalties against investment managers and superannuation funds over misleading sustainability and ESG claims.
EcoAppraise context
ASIC's greenwashing cases are a useful benchmark for financial firms: fund names, investment screens and marketing must match what the fund actually does.
Related terms
ESG; ESMA Fund Names Guidelines; ACCC Environmental Claims Guidance
Enforcement cases
Fiducian Ordered to Pay $7.3 Million Penalty Over Misleading ESG Fund Claims
ASIC’s interventions on greenwashing misconduct: 2023-2024 report
ASIC continues action on misleading claims to deter greenwashing misconduct
24-173MR ASIC’s first greenwashing case results in landmark $11.3 million penalty for Mercer | ASIC