News & Analysis as of

Australia Greenwashing Corporate Governance

Latham & Watkins LLP

Tackling Greenwashing: Singapore's Approach and APAC's Evolving Regulatory Landscape

Latham & Watkins LLP on

Singapore shows leadership in a diverse APAC market where the race is on to strengthen transparency in environmental claims and combat greenwashing....more

K&L Gates LLP

March 2025 ESG Policy Update—Australia

K&L Gates LLP on

Australian Update - Resistance to Australian Securities Exchange Corporate Governance Council’s Diversity Reforms Signals Decline in Environment, Social and Governance Commitment - The recent decision by the Australian...more

K&L Gates LLP

February 2025 ESG Policy Update—Australia

K&L Gates LLP on

Australian Update - ASIC's Key Issues Outlook for 2025 - On 24 January 2025, the Australian Securities and Investments Commission (ASIC) released its key issues outlook for 2025 which provides insights for Australian...more

K&L Gates LLP

October 2024 ESG Policy Update–Australia

K&L Gates LLP on

On 25 September 2024, the Federal Court ordered a large superannuation trustee (Trustee) to pay the highest penalty imposed for greenwashing conduct yet–AU$12.9 million. This comes off the back of the Federal Court in early...more

Katten Muchin Rosenman LLP

Fly Carbon Neutral? Qantas Accused of Greenwashing in New Complaint

Qantas Airways is facing a formal complaint lodged with the Australian Competition and Consumer Commission (ACCC) by the Environmental Defenders Office, an Australian non-governmental organization. The complaint claims that...more

K&L Gates LLP

April 2024 ESG Policy Update—Australia

K&L Gates LLP on

Australian Update - Australian Competition and Consumer Commission Enforcement Priorities for 2024-2025 - The Australian Competition and Consumer Commission (ACCC) has announced its enforcement and compliance priorities for...more

K&L Gates LLP

March 2024 ESG Policy Update—Australia

K&L Gates LLP on

Australian Update - Australian Securities and Investments Commission Continues Greenwashing Enforcement Efforts - On 28 February 2024, the Australian Securities and Investments Commission (ASIC) reported that an outsourced...more

White & Case LLP

ESG in APAC: 3 Trends to Watch in 2024

White & Case LLP on

Faced with increased scrutiny by consumers, regulators, shareholders and boards, Environmental, Social and Governance (ESG) considerations have been at the forefront for multinational companies globally. Multinational...more

Cadwalader, Wickersham & Taft LLP

Australian Regulator Emphasizes Focus on Greenwashing Claims

In a speech delivered at the Australian Finance Review’s ESG summit on June 5, 2023, the Australian Securities and Investments Commission’s (ASIC) Chair, Joe Longo, warned companies that greenwashing is an ongoing concern for...more

Cadwalader, Wickersham & Taft LLP

Australia’s Securities and Consumer Protection Regulators Pursue Alleged Greenwashing

On February 28, 2023, Australia’s securities regulator, the Australian Securities and Investments Commission (ASIC), announced that it had commenced “civil penalty proceedings” in federal court against Mercer Superannuation...more

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