Australian Corporate Conduct Regulator Releases Guidance on Greenwashing Risks
The Australian Securities and Investments Commission ("ASIC") has released guidance to superannuation and managed funds as to how to avoid the risk of greenwashing when promoting sustainability-related products. ASIC has affirmed that, for now, voluntary climate disclosures by relevant entities in Australia should be in line with the Financial Stability Board's Task Force on Climate-related Financial Disclosures. See Jones Day's recent Commentary on the ASIC guidance for additional information.
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