Earlier this week, the ASX released the full report from the latest ASX Australian Investor Study.
Of particular note to our corporate clients, in light of ASIC’s increased scrutiny on ‘greenwashing’ and ‘greenhushing’ were the following data points:
- 31% of investors are now ESG conscious;
- 52% of ‘next gen’ investors who are open to ESG themes have bought or sold an investment based on its ESG credentials in the last 12 months;
- 23% of investors bought or sold an investment based on environmental factors in the last 12 months;
- 23% of investors have not heard of ‘responsible investing’; and
- 16% of investors say it’s really difficult to find the ESG standing of a company.
These statistics provide objective data that will only strengthen ASIC’s resolve in its crackdown against greenwashing and greenhushing.
You can read more in the full report by clinking here: Australian Investor Study 2023.
If you need any advice in relation to your disclosures to the market, please contact Glenn Vassallo (Managing Director) or Scott Standen (Director).