The Australian Securities and Investments Commission is investigating multiple super fund trustees and listed companies for allegedly lying about their green credentials, as regulators crack down on greenwashing.
The push comes amid international evidence, cited by the competition regulator, that 40 per cent of environmental claims made by companies are false.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
