Mercer superannuation greenwashing
Web18 mrt. 2024 · ASIC launched proceedings in the Federal Court of Australia against Mercer Superannuation (Australia) Limited (Mercer) for allegedly making misleading statements about the sustainable nature of the "Sustainable Plus" investment option offered by the Mercer Super Trust (of which Mercer is a trustee). What is "greenwashing" in … WebMarket Forces has asked ASIC to investigate the potential greenwashing concerns identified by this analysis. Super funds need to make sustainable investment their core business by divesting from companies expanding fossil fuels across all …
Mercer superannuation greenwashing
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Web21 mrt. 2024 · Australian Investors Await ASIC Greenwashing Case Against Mercer Superannuation - Bloomberg Markets Wary Investors Await Australia’s First … Web28 feb. 2024 · Sarah Court, Deputy Chair at ASIC said: “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. ‘There is increased demand for sustainability-related financial ...
Web28 feb. 2024 · Mercer Superannuation Australia is the trustee of MST. " Mercer has co-operated with ASIC throughout its investigation, and will continue to carefully consider ASIC's concerns with respect to this matter. It would be inappropriate to comment further as the matter is now before the courts," a Mercer spokesperson said in a statement. Web27 feb. 2024 · Australia’s corporate regulator has launched its first court action against greenwashing, accusing pension fund Mercer Superannuation Australia Ltd. of misleading investors in the marketing of some sustainable products. A bucket-wheel reclaimer stands next to a pile of coal at the Port of Newcastle in Newcastle, New South Wales, Australia, …
Web28 feb. 2024 · The Australian Securities and Investments Commission has started legal proceedings against Mercer in its first court action over alleged “greenwashing”, a term … Web28 feb. 2024 · Mercer sued in ASIC ‘greenwashing’ clampdown. By Simone Grogan. The Australian Securities and Investments Commission is suing corporate super fund Mercer Superannuation in the watchdog’s first legal action against alleged greenwashing.
Web28 feb. 2024 · Australia's regulator sues Mercer pension fund in first greenwashing case By Praveen Menon and Sameer Manekar Feb 28 (Reuters) - Australia's corporate regulator …
WebASIC has issued over $140,000 in infringement notices in response to concerns about alleged greenwashing, which include Tlou Energy, Vanguard Investments Australia, Diversa Trustees and Black Mountain Energy. Action against greenwashing has been highlighted as one of ASIC’s 2024 enforcement priorities and this proceeding is the … screenplay writer job descriptionWeb28 feb. 2024 · Action against greenwashing is one of ASIC’s 2024 enforcement priorities and this proceeding is its first court action in this regard. This proceeding is also the first time ASIC has commenced court action after legislative amendments, arising from the Financial Services Royal Commission, enhanced ASIC’s powers to take action regarding a … screenplay writer salaryWebASIC ASIC has launched its first court action against alleged greenwashing conduct, commencing civil penalty proceedings in the Federal Court against Mercer Superannuation (Australia) Limited (Mercer) for allegedly making misleading statements about the sustainable nature and characteristics of some of its superannuation investment options. screenplay writer websiteWeb15 mrt. 2024 · Greenwashing crackdown It comes as the Australian Securities and Investments Commission (ASIC) launches an Australia-first greenwashing case against Mercer Superannuation Limited. The... screenplay writing 101Web31 mrt. 2024 · Companies who greenwash are risking consumer trust and confidence. (Getty: Parradee Kietsirikul) In the first case of its kind, the Australian Securities and … screenplay writers for hireWeb11 apr. 2024 · Fresh from the completion of its acquisition of BT Super from Westpac, superannuation giant Mercer is hoping to regain some of the ground lost by the retail super sector to large industry funds ... screenplay writing appWeb28 feb. 2024 · Mercer Superannuation is the first company being dragged to court by the Australian Securities and Investments Commission for allegedly making misleading … screenplay writer software