Mercer greenwashing asic
Web2 dec. 2024 · Greenwashing is the practice of misrepresenting the extent to which a financial product or investment strategy is environmentally friendly, sustainable or ethical. … Web6 mrt. 2024 · The ASIC said it is seeking declarations and pecuniary penalties, as well as injunctions preventing Mercer from continuing to make any of the allegedly misleading statements on its website. IT also seeks orders requiring Mercer to publicize any contraventions found by the court.
Mercer greenwashing asic
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Web28 feb. 2024 · Corporate watchdog the Australian Securities and Investments Commission (Asic) is taking Mercer to court in its first action against alleged greenwashing, accusing the firm of making misleading statements about the sustainable nature and characteristics of some of its superannuation investment options. Web2 mrt. 2024 · By Seth O’Farrell. March 2, 2024. Asic has alleged that seven of Mercer’s ‘sustainable plus’ options included investments in 15 fossil fuel extraction companies. (Photo: Juan Barreto/Getty Images) In an unprecedented move, Australia’s financial regulator has resorted to the courts to tackle allegedly misleading ESG claims.
Web28 feb. 2024 · Feb 28, 2024, 4:12 PM SGT. MELBOURNE – Australia’s corporate regulator has launched its first court action against greenwashing, accusing pension fund Mercer Superannuation Australia of ... Web2 mrt. 2024 · The Australian Securities and Investments Commission has launched legal proceedings against corporate pension fund Mercer Superannuation, as regulators …
WebMercer Super targeted in ASIC landmark greenwashing action. Mike Taylor 28 February 2024. Mercer Superannuation has found itself in the sights of the Australian Securities and Investments Commission (ASIC) … Web27 mrt. 2024 · If ASIC are successful in these proceedings, Mercer could be liable to pay the severe maximum penalties under the ASIC Act (set out in our previous article). Black Mountain Energy Ltd ($39,960 ...
Web17 mrt. 2024 · ASIC launches first court proceedings alleging greenwashing. These actions by the ACCC come soon after the commencement of ASIC’s first court action against …
WebMike Taylor 28 February 2024. Mercer Superannuation has found itself in the sights of the Australian Securities and Investments Commission (ASIC) as the first company to be the subject of court action over alleged greenwashing conduct. ASIC announced today that it had launched its first court action against alleged greenwashing conduct ... thierry kauffmannWeb30 jun. 2024 · On 23 September 2024, ASIC and Mercer agreed to a Statement of Agreed Facts. The penalty hearing has been listed for 10:15am on 5 December 2024 to be heard in the Federal Court, Melbourne. Editor's note 3: The penalty hearing concluded on 5 December 2024. Judgment has been reserved. Last updated: 06/12/2024 01:25 thierry keravec notaireWeb28 feb. 2024 · Feb 28, 2024, 4:12 PM SGT. MELBOURNE – Australia’s corporate regulator has launched its first court action against greenwashing, accusing pension fund Mercer … thierry keravecWeb28 feb. 2024 · The Australian Securities & Investments Commission's (ASIC) said this was its first court action alleging "greenwashing", or exaggerated claims of environment … thierry kesteleynWeb21 mrt. 2024 · The papers provide detailed figures alleging that six of Mercer’s sustainable investment products held shares in BHP Group Ltd. and other fossil fuel companies, and … sainsbury\u0027s organic eggsWeb23 mrt. 2024 · ASIC launches first court proceedings alleging greenwashing These actions by the ACCC come soon after the commencement of ASIC's first court action against alleged greenwashing conduct, bringing civil penalty proceedings in the Federal Court against Mercer Superannuation (Australia) Limited (as trustees for the Mercer Super … thierry khalfaWeb28 feb. 2024 · Mercer Super has become the first Australian company to be sued over alleged greenwashing, as corporate watchdog ASIC makes good on its crackdown on the Australian business community regarding … thierry kestemont