Day: December 19, 2023

ASIC issues infringement notice to Northern Trust Asset Management for greenwashing

ASIC has taken action for greenwashing against Northern Trust Asset Management Australia Pty Ltd (Northern Trust). Northern Trust has paid $29,820 to comply with two infringement notices issued by ASIC regarding concerns about alleged false and misleading statements about the application of a Carbon Emissions Exclusion Screen. Northern Trust is the Investment Manager of the …

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ASIC highlights focus areas for 31 December 2023 reporting

ASIC urges directors, preparers of financial reports and auditors to assess the impact of uncertain market and economic conditions when reporting for full and half-years ending 31 December 2023. Key findings in ASIC’s first integrated financial reporting and audit surveillance report (Report 774 Annual financial reporting and audit surveillance report 2022–23) form the basis for …

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