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, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au
