Tag:Sustainable Finance

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Extra Credit Projects: SEC Settles Charges Against Carbon Offset Project Developer for US$250 Million Offering Fraud
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Australia: New Greenwashing Guidance

Extra Credit Projects: SEC Settles Charges Against Carbon Offset Project Developer for US$250 Million Offering Fraud

Oct 07 2024
Browse archives for October 07, 2024
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Investment Manager Regulation

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By: Pablo Man and Benjamin Skillin

On 2 October 2024, the Securities and Exchange Commission (SEC) announced settled charges against one of the largest carbon credit project developers (the Developer), for fraudulently altering data concerning its business and making material misrepresentations in the offering of equity to institutional investors in the United States. The SEC’s order found that the Developer violated Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.  

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Australia: New Greenwashing Guidance

Jun 16 2022
Browse archives for June 16, 2022
Posted in

Distribution, ESG, Investment Manager Regulation, Pensions and Retirement Funds, Retail Investor Funds, Sophisticated Investor Funds

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By Jim Bulling and Alex Morrison

ASIC has released Information Sheet 271 (INFO 271) to assist responsible entities of managed funds, corporate directors of CCIVs and trustees of registerable superannuation funds (Product Issuers) in avoiding ‘greenwashing’ when offering sustainability-related products (Products). INFO 271 describes greenwashing and provides a comprehensive overview of the current regulatory setting for communications about sustainability–related products.

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