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Australia Court Fines Active Super A$10.5 Million for Greenwashing ESG Investing Claims

Australia Court Fines Active Super A$10.5 Million for Greenwashing ESG Investing Claims

A federal court in Australia imposed a A$10.5 million (USD$6.7 million) penalty on superannuation fund Active Super trustee LGSS, after finding that the firm had engaged in greenwashing by continuing to invest in securities in areas that it had claimed to eliminate for environmental or social reasons. The ruling follows the filing of a suit in 2023 by Australia’s corporate,…

Can a house divided fund a green future?

When world leaders agreed to a net-zero target by 2050 under the Paris Agreement, it seemed there was a broad consensus on protecting the planet. However, the reality of implementing these commitments has been one of divergence, resulting in red tape that risks suffocating the transition it was designed to support. Now, green finance is at a crossroads. Regulatory landscapes…

Beyond Carbon: How to Report on Social & Community Impacts Effectively

Beyond Carbon: How to Report on Social & Community Impacts Effectively

Sustainability reporting has traditionally focused on environmental metrics such as carbon emissions, energy usage, and waste management. But as stakeholders demand a more holistic view of corporate responsibility, organisations must also measure and report on their social and community impact. So, how can businesses integrate social reporting alongside environmental metrics?

SEC Swings No Action Scythe on Lobbying Proposals

Micromanagement precedent may make it more challenging for investors to file resolutions in future proxy seasons. The US Securities and Exchange Commission’s (SEC) sceptical stance on shareholder rights has manifested in more than a dozen lobbying proposals being excluded from upcoming AGMs. In Q4 2024, the SEC approved industrial gases company Air Products and Chemicals’ exclusion of a shareholder proposal…