ASIC has made 47 regulatory interventions to address greenwashing misconduct during the 15-month period up to 30 June 2024, including the commencement of two Federal Court proceedings and over $123,000 in infringement notice payments.
The range of interventions are aimed at stamping out misleading and deceptive conduct in relation to sustainable finance-related products and services.
The report also details findings, recommendations and good practice examples from its surveillance activities from 1 April 2023 to 30 June 2024. ASIC Commissioner Kate O’Rourke said combating greenwashing is critical to maintaining trust in sustainable finance-related products and services.
‘Investors and consumers are entitled to accurate and reliable information so they can make informed and confident investment decisions. Greenwashing claims mislead investors and consumers, and undermines confidence.
‘Where we’ve identified greenwashing misconduct, ASIC has intervened to protect investors and consumers, and to maintain market integrity.’
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