ESG 2023 round-up and trends to watch

Published on:
19 December 2023


  • Under the Financial Markets Conduct Act 2013, climate statements are required to be lodged within four months after the balance date of the entity. For some organisations, this creates a "timing challenge" because other reporting obligations mean that they will, in practice, need to lodge their CRDs within three months. The FMA has agreed in principle to a class exemption to resolve this problem for a period of two years.

  • Overseas, these claims have included regulatory action in Australia against Mercer and Vanguard in relation to alleged greenwashing in the funds context and a private claim against EnergyAustralia by activist group Australian Parents for Climate Action.