Responsible investing rises as greenwashing goes under the microscope
Monday, 12 September 2022
Responsible investing is on the rise, with more than $1.5 trillion of assets in Australia being managed according to ESG principles - up from $1.28 trillion in 2020.
Coal mining giant Glencore is facing heat over greenwashing claims, with several groups lodging complaints with ASIC and the ACCC over the company’s misleading claims in an advertising campaign promoting its role in “advancing everyday life” and mining of essential minerals that are “laying the foundations for a low carbon future”.
And the Queensland government is considering incentives to encourage EV purchases in the sunshine state, including interest-free loans, bigger rego discounts, help with home bills, and parking privileges.
‘Fervour of activity’: Responsible investments hit $1.54 trillion in Australia
More than $1.5 trillion of assets in Australia are now being managed according to responsible investing principles, making up 43 per cent of the total market.
Advertising standards loom as new front in climate wars
Environmental groups have lodged two separate greenwashing complaints against Glencore with the Australian Advertising Standards board.
Cheap loans, discounts and benefits among options to accelerate EV purchases
Interest-free loans, bigger rego discounts, help with home bills and parking privileges are now being considered by the Palaszczuk government to encourage motorists to go electric by 2030.
Forest fighters: Meet the Shoalhaven residents battling to end NSW native forest logging
An isolated South Coast community have found themselves on the front line of the fight to end native forest logging in NSW after battling to save their homes from the devastating Black Summer bushfires.
Why corporate 'green-washing' causing stir
Artificial intelligence is being used to detect greenwashing of corporate targets, with 71 per cent of the top 300 ASX-listed companies announcing decarbonisation plans but only 11 per cent having science-based targets detailing how to get there.
After accessing the situation of flood-hit Pakistan, UN chief Antonio Guterres said he has "never seen climate carnage" on such a scale, blaming wealthier countries for the devastation.