Companies are using ‘AI washing’ to inflate their AI capabilities
The practice of AI washing isn’t totally new. It follows the same idea as greenwashing, where companies pretend to be eco-friendly to attract investors and consumers.
2023 reflections, 2024 predictions with Good Citizens’ Nik Robinson
Nik Robinson, co-founder of a purpose-led sunglasses brand Good Citizens, shares his highs, lows and plans for next year.
Future Super pays $13,000 ASIC fine over Facebook post that ‘overstated’ its green impact
Sustainability focused superannuation fund Future Super has become the latest Australian company to be handed a fine by the corporate regulator for so-called 'greenwashing'.
Toyota referred to ACCC as watchdog reveals industries in greenwashing crackdown
Greenpeace has accused Australia's most popular car brand of exaggerating its green credentials while working hard to delay the world's uptake of electric vehicles.
Australia-first as watchdog ASIC takes Mercer Super to court over greenwashing
ASIC alleged Mercer's sustainable superannuation products invested in no fewer than 15 fossil fuel companies including AGL Energy, BHP Group, Glencore, and Whitehaven Coal.
Greenwashing the top priority among a dozen key ASIC focuses for 2023
ASIC says greenwashing, along with predatory lending and misleading insurance pricing, will be a “continuing focus” for the agency in 2023.
Ethical investment app Bloom lands $525,000 in seed funding for its anti-greenwashing platform
Launched by Camille Socquet-Clerc and Bertrand Caron in 2019, the mobile investment app aims to democratise the investing landscape and offer a green solution to investors.
Crypto crackdowns, investment scams and greenwashing targets at ASIC’s Annual Forum
ASIC has revealed its enforcement priorities with suspicious crypto companies, investment scams and greenwashing at the top of its hit list.
“Factually incorrect”: ASIC fines company $56,000 for greenwashing, warns more is to come
The financial regulator has warned companies that are boasting about their sustainability credentials to back up their claims — or else.
ACCC flags greenwashing and scams as areas of concern in 2021 annual report review
On Tuesday, the ACCC attended the standing committee for economics for a review of the commission’s 2021 annual report. Here are four key takeaways from the session.
ACCC greenwashing crackdown earns startup support as sustainability claims go unchecked
Australia's competition watchdog will soon "sweep" company websites for false or misleading claims about environmental sustainability, with penalties on the cards for serious breaches.
Watchdogs are cracking down on greenwashing, so how can your business back up its sustainability claims?
Local businesses that gild the lily on their green credentials are being targeted by authorities — and it’s not just the top end of town that’s under intense scrutiny.