GRC Institute CEO Naomi Burley and Strategic Engagement Consultant Carole Ferguson discuss greenwashing and the implications of the Australian Securities and Investments Commission’s (ASIC) litigation against Mercer and Vanguard Investments.

Mercer: First Court Proceeding in Greenwashing: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-043mr-asic-launches-first-court-proceedings-alleging-greenwashing/

Vanguard: ASIC commences Vanguard Investments: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-196mr-asic-commences-greenwashing-case-against-vanguard-investments-australia/

Info sheet 271: How to avoid greenwashing when offering or promoting sustainability-related products: https://asic.gov.au/regulatory-resources/financial-services/how-to-avoid-greenwashing-when-offering-or-promoting-sustainability-related-products/

Corporations Act 2001 Section 1013D: http://classic.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s1013d.html

Corporations ACT 2001 Section 1013DA: http://classic.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s1013da.html

Regulatory Guide 65 1013DA Disclosure Guidelines: https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-65-section-1013da-disclosure-guidelines/

Greenfluencers: https://www.forbes.com/sites/solitairetownsend/2022/12/09/greenfluencers-how-social-media-creators-are-becoming-sustainability-superheroes/