ESG / Sustainability in Australia

Why this matters

This is a regulatory guidance update based on ASIC's review of 312 sustainability reports from the first cohort of mandatory reporters. It provides actionable feedback on compliance quality, identifies gaps (forward-looking disclosures, assumptions/judgements), and signals ASIC's ongoing monitoring and engagement with...

Why this matters

ASIC enforcement action against fund manager for ESG greenwashing - misleading sustainability claims without adequate governance, monitoring and oversight. Fourth greenwashing penalty outcome, first against responsible entity for duty of care failures. Informational regulatory update on enforcement precedent.

Why this matters

ASIC's announcement of FY 2026-27 focus areas for financial reporting, audit and sustainability surveillance. Informational guidance affecting listed/unlisted companies, RSEs, MISs and audit firms.

Why this matters

This regulatory update from ASIC focuses on alleged governance failures and misleading conduct by an investment fund responsible entity regarding its ESG-focused investment fund.

Why this matters

This regulatory update from ASIC covers findings from financial reporting and audit surveillances, including enforcement actions against auditors. It is relevant for banking, investment management, and wealth management firms, particularly around reporting, ESG, and prudential requirements.

Why this matters

This regulatory update from ASIC involves an infringement notice issued to a superannuation fund (Prime Super) for making misleading statements about its investments in tobacco companies, which is a consumer protection and ESG-related issue.

Why this matters

This regulatory update from ASIC relates to misleading statements made by the HESTA superfund about its commitment to removing carbon emissions investments. It involves issues around ESG/sustainability claims, consumer protection, and reporting/disclosure requirements for financial firms.