ASIC released its Corporate Plan for 2022-2026 on 22 August 2022. Consistent with its 2021 Plan, ASIC has maintained its focus on consumer readiness and enforcement with a view to protecting vulnerable consumers by strengthening the integrity of the financial system following the COVID-19 pandemic. In achieving this objective, ASIC has outlined several strategic priorities that will inform its initiatives over the next four years. ASIC has identified “sustainable finance” as a key area of focus. ASIC has indicated that it will adopt a more stringent approach to disclosure standards, particularly in relation to greenwashing, in an effort to combat misleading marketing initiatives undertaken by listed companies. ASIC’s key actions in relation to sustainable finance include oversight of sustainability-related disclosure and governance practices of listed companies, managed funds, superannuation funds and green bonds, and taking enforcement action against misconduct, including misleading marketing and greenwashing by entities.

See here.