Combating greenwashing is critical to supporting trust in sustainable finance-related financial products and services . And ASIC’s role is to help shore up that trust, by finding the right balance between guidance, surveillance and enforcement. Yes, introducing a climate reporting regime can be expected to reduce greenwashing – through more standardised, consistent, and comparable climate-related information. I’ve spoken previously about ASIC’s approach to the new climate reporting regime. And since compliance builds trust – and greenwashing erodes it – it is in everyone’s best interests to be compliant.

Source: The Guardian May 02, 2024 05:02 UTC