Australian Corporate Conduct Regulator Releases Guidance on Greenwashing Risks

The Australian Securities and Investments Commission ("ASIC") has released guidance to superannuation and managed funds as to how to avoid the risk of greenwashing when promoting sustainability-related products. ASIC has affirmed that, for now, voluntary climate disclosures by relevant entities in Australia should be in line with the Financial Stability Board's Task Force on Climate-related Financial Disclosures. See Jones Day's recent Commentary on the ASIC guidance for additional information. 

Jones Day publications should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information purposes only and may not be quoted or referred to in any other publication or proceeding without the prior written consent of the Firm, to be given or withheld at our discretion. To request reprint permission for any of our publications, please use our “Contact Us” form, which can be found on our website at The mailing of this publication is not intended to create, and receipt of it does not constitute, an attorney-client relationship. The views set forth herein are the personal views of the authors and do not necessarily reflect those of the Firm.