ASIC Releases Latest Report on Greenwashing: Are You Ready?
ASIC released Report 791 ASIC’s interventions on greenwashing misconduct 2023-2024, which outlines the forty-seven regulatory interventions it took to address greenwashing misconduct in the fifteen months to 30 June 2024.
The report identifies common issues such as inadequate ESG disclosures and sustainability claims that are unsubstantiated. This surveillance spanned various sectors and hunted the need for improved quality in both disclosures and data.
Report 791 and Information Sheet 271 How to avoid greenwashing when offering or promoting sustainability–related products provides guidance to prevent greenwashing.
Disclaimer: This does not purport to be comprehensive or to render legal advice. You should not act based on any information contained in this publication without first obtaining specific professional advice. Consult your legal advisor to determine if this applies to you.
