The corporate regulator has warned fund managers and super funds to ensure that claims and promotional materials relating to investment products do not constitute “greenwashing” by misrepresenting green credentials.
Amid intensifying global regulatory scrutiny on “environmental, social or governance” (ESG) claims in the financial services sector, the Australian Securities and Investments Commission said a review of some investment products had identified “areas for improvement”.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
