CP 41 Socially responsible investing disclosure
Released 19 December 2002. Comments closed 28 February 2003.
Socially responsible investing (SRI) is a new and growing area of the investment market. Good disclosure practices are essential if consumers with SRI related goals are to be in a position to make informed choices between products.
We outline arguments for and against ASIC producing guidelines on SRI disclosure in product disclosure statements (PDSs).
The main arguments for ASIC guidelines are:
- providing industry with greater certainty about how it can meet this new disclosure obligation; and
- providing consumers with better disclosure to enhance their ability to ensure that the product they purchase matches any SRI goals they may have.