ACCC and ASIC target ‘overreach’ in greenwashing actions

Companies “overreaching” on their sustainability claims are the biggest cause of greenwashing in corporate Australia, regulators say, as they warn of a “movement of force across the world” to crack down on this misconduct.

The Australian Competition and Consumer Commission and the Australian Securities and Investments Commission both said they had investigations in train into more greenwashing actions, as a tidal wave of enforcement on this issue builds.