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Australia’s Securities and Consumer Protection Regulators Pursue Alleged Greenwashing
March 7, 2023On 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 (Australia) Limited (Mercer) for “making misleading statements about the sustainable nature and characteristics” of some of its investment options.
