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Flat White

The ESG trap

20 May 2023

4:12 AM

20 May 2023

4:12 AM

While Australians have been distracted by the Voice to Parliament, nuclear submarines, and the Budget, ASIC recently followed through on its threat to crack down on superannuation funds engaged in the esoteric offence of ‘greenwashing’, launching its first prosecution.

Greenwashing is the (apparently) deceptive practice whereby business organisations, or investment funds, claim that their products or services are environmentally friendly, when they are not.

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